Estabrook Capital Management reduced its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,252 shares of the shipping company’s stock after selling 990 shares during the period. Estabrook Capital Management owned 0.37% of Navigator Holdings worth $1,720,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. Wells Fargo & Company MN grew its position in Navigator Holdings by 581.1% during the first quarter. Wells Fargo & Company MN now owns 297,081 shares of the shipping company’s stock valued at $4,085,000 after buying an additional 253,460 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Navigator Holdings by 13.8% in the first quarter. Oppenheimer & Co. Inc. now owns 1,638,805 shares of the shipping company’s stock worth $22,533,000 after purchasing an additional 198,418 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Navigator Holdings by 6.8% in the first quarter. Gamco Investors INC. ET AL now owns 180,500 shares of the shipping company’s stock worth $2,482,000 after buying an additional 11,456 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Navigator Holdings by 14.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,355 shares of the shipping company’s stock worth $156,000 after buying an additional 1,460 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Navigator Holdings in the first quarter worth $346,000. 67.03% of the stock is owned by institutional investors and hedge funds.
Shares of Navigator Holdings Ltd. (NYSE:NVGS) remained flat at $11.15 during midday trading on Friday. The company’s stock had a trading volume of 26,486 shares. The stock’s 50 day moving average is $10.47 and its 200 day moving average is $10.60. The stock has a market cap of $619.17 million, a P/E ratio of 32.79 and a beta of 1.09. Navigator Holdings Ltd. has a one year low of $6.56 and a one year high of $14.75.
Navigator Holdings (NYSE:NVGS) last posted its quarterly earnings data on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. The firm had revenue of $74.40 million during the quarter, compared to the consensus estimate of $62.41 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Navigator Holdings Ltd. will post $0.28 earnings per share for the current year.
A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of Navigator Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, July 12th. Morgan Stanley increased their target price on shares of Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a research note on Monday, July 17th. Jefferies Group LLC restated a “buy” rating and issued a $15.00 price target (down from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd. Finally, Maxim Group set a $17.00 price target on shares of Navigator Holdings and gave the stock a “buy” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $13.10.
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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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