PNC Financial Services Group Inc. cut its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 21.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 15,720 shares of the company’s stock after selling 4,320 shares during the period. PNC Financial Services Group Inc.’s holdings in Navigator Holdings were worth $180,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of NVGS. Huntington Asset Advisors Inc. bought a new position in Navigator Holdings during the first quarter valued at $123,000. Acadian Asset Management LLC raised its position in Navigator Holdings by 357.9% in the second quarter. Acadian Asset Management LLC now owns 10,778 shares of the company’s stock valued at $124,000 after buying an additional 8,424 shares during the last quarter. K.J. Harrison & Partners Inc bought a new position in Navigator Holdings during the second quarter valued at $138,000. HBK Investments L P bought a new position in Navigator Holdings during the first quarter valued at $252,000. Finally, Royce & Associates LP raised its position in Navigator Holdings by 7.5% in the first quarter. Royce & Associates LP now owns 346,000 shares of the company’s stock valued at $5,588,000 after buying an additional 24,000 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.
Navigator Holdings Ltd. (NYSE:NVGS) traded down 4.034% during midday trading on Friday, hitting $7.255. The stock had a trading volume of 178,242 shares. The stock has a market capitalization of $402.20 million, a price-to-earnings ratio of 5.182 and a beta of 1.16. Navigator Holdings Ltd. has a 52 week low of $6.47 and a 52 week high of $17.67. The company’s 50 day moving average price is $7.24 and its 200-day moving average price is $11.49.
Navigator Holdings (NYSE:NVGS) last announced its earnings results on Monday, August 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $72.54 million for the quarter, compared to analysts’ expectations of $70.75 million. Navigator Holdings had a net margin of 25.18% and a return on equity of 8.42%. Navigator Holdings’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Equities analysts anticipate that Navigator Holdings Ltd. will post $0.82 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Jefferies Group reissued a “buy” rating on shares of Navigator Holdings in a research note on Monday, September 12th. Zacks Investment Research raised Navigator Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Stifel Nicolaus cut their target price on Navigator Holdings from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, July 22nd. Finally, Morgan Stanley lowered Navigator Holdings from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $14.50 to $7.00 in a research note on Thursday, August 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $13.33.
About Navigator Holdings
Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.
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