Navios Maritime Holdings Inc. (NM) Shares Up 5.9%

Navios Maritime Holdings Inc. (NYSE:NM)’s share price shot up 5.9% during trading on Wednesday . The company traded as high as $1.63 and last traded at $1.61. 839,616 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 886,866 shares. The stock had previously closed at $1.52.

A number of brokerages have commented on NM. ValuEngine lowered shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Navios Maritime Holdings from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, Citigroup Inc. cut their price objective on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating on the stock in a report on Thursday, May 25th.

The firm has a 50 day moving average of $1.34 and a 200-day moving average of $1.47. The company’s market capitalization is $192.64 million.

Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings data on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The business had revenue of $118.60 million during the quarter, compared to the consensus estimate of $114.27 million. Navios Maritime Holdings had a negative net margin of 22.05% and a negative return on equity of 14.37%. Navios Maritime Holdings’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.29) EPS. On average, analysts forecast that Navios Maritime Holdings Inc. will post ($0.94) earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers bought a new stake in Navios Maritime Holdings in the 2nd quarter valued at $107,000. New York State Common Retirement Fund bought a new stake in Navios Maritime Holdings in the 2nd quarter valued at $131,000. California State Teachers Retirement System bought a new stake in Navios Maritime Holdings in the 2nd quarter valued at $218,000. Schwab Charles Investment Management Inc. bought a new stake in Navios Maritime Holdings in the 2nd quarter valued at $232,000. Finally, Vanguard Group Inc. bought a new stake in Navios Maritime Holdings in the 2nd quarter valued at $248,000. 21.03% of the stock is owned by institutional investors and hedge funds.

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Navios Maritime Holdings Company Profile

Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.

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