Harvey Capital Management Inc. Takes $2.50 Million Position in Navigator Holdings Ltd. (NYSE:NVGS)

Harvey Capital Management Inc. acquired a new position in shares of Navigator Holdings Ltd. (NYSE:NVGS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 163,100 shares of the shipping company’s stock, valued at approximately $2,504,000. Harvey Capital Management Inc. owned approximately 0.22% of Navigator at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in Navigator in the fourth quarter worth approximately $31,000. Quarry LP boosted its holdings in Navigator by 61.0% in the third quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock worth $70,000 after purchasing an additional 1,661 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in Navigator during the third quarter worth $92,000. SG Americas Securities LLC raised its holdings in Navigator by 9.1% during the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock valued at $132,000 after buying an additional 684 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Navigator in the third quarter worth about $273,000. Institutional investors and hedge funds own 18.95% of the company’s stock.

Navigator Price Performance

Shares of NYSE:NVGS opened at $16.77 on Wednesday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 14.84 and a beta of 1.45. The business has a 50 day moving average price of $16.00 and a 200 day moving average price of $15.99. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. Navigator Holdings Ltd. has a twelve month low of $14.55 and a twelve month high of $18.18.

Analysts Set New Price Targets

NVGS has been the topic of a number of recent analyst reports. StockNews.com raised Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 price target on shares of Navigator in a report on Friday, November 22nd. Finally, Alliance Global Partners began coverage on shares of Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 price objective for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $21.60.

Navigator Profile

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.