Navios Maritime Holdings Inc. (NYSE:NM) Lowered to Sell at ValuEngine

ValuEngine lowered shares of Navios Maritime Holdings Inc. (NYSE:NM) from a hold rating to a sell rating in a report published on Saturday, July 22nd.

NM has been the topic of several other reports. Zacks Investment Research cut shares of Navios Maritime Holdings from a buy rating to a hold rating in a research report on Thursday, May 11th. Citigroup Inc. dropped their price target on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a sell rating on the stock in a research report on Thursday, May 25th.

Shares of Navios Maritime Holdings (NYSE:NM) traded down 0.80% during midday trading on Friday, reaching $1.24. 358,099 shares of the company were exchanged. Navios Maritime Holdings has a 52-week low of $0.86 and a 52-week high of $2.40. The firm’s 50 day moving average is $1.21 and its 200-day moving average is $1.56. The company’s market capitalization is $142.81 million.

Navios Maritime Holdings (NYSE:NM) last issued its quarterly earnings data on Wednesday, May 24th. The shipping company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.07. Navios Maritime Holdings had a negative net margin of 20.55% and a negative return on equity of 13.28%. The company had revenue of $95.30 million for the quarter, compared to the consensus estimate of $104.31 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. Navios Maritime Holdings’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities analysts forecast that Navios Maritime Holdings will post ($0.94) earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the company. Rhumbline Advisers acquired a new stake in shares of Navios Maritime Holdings during the second quarter valued at approximately $107,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Navios Maritime Holdings during the second quarter valued at approximately $232,000. Bank of New York Mellon Corp acquired a new stake in shares of Navios Maritime Holdings during the second quarter valued at approximately $341,000. Phoenix Investment Adviser LLC boosted its stake in shares of Navios Maritime Holdings by 37.5% in the first quarter. Phoenix Investment Adviser LLC now owns 288,700 shares of the shipping company’s stock valued at $540,000 after buying an additional 78,700 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Navios Maritime Holdings by 254.4% in the first quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock valued at $1,605,000 after buying an additional 615,981 shares during the period. Hedge funds and other institutional investors own 19.66% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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