First Manhattan Co. trimmed its holdings in Navigator Holdings Ltd (NYSE:NVGS) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 519,910 shares of the shipping company’s stock after selling 7,000 shares during the period. First Manhattan Co. owned about 0.93% of Navigator worth $5,719,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Cutler Group LP boosted its position in Navigator by 1,100.0% during the fourth quarter. Cutler Group LP now owns 3,000 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 3,300 shares during the last quarter. Deutsche Bank AG boosted its position in Navigator by 44.6% during the fourth quarter. Deutsche Bank AG now owns 7,406 shares of the shipping company’s stock valued at $69,000 after purchasing an additional 2,286 shares during the last quarter. Virtu Financial LLC acquired a new position in Navigator during the fourth quarter valued at approximately $98,000. GSA Capital Partners LLP acquired a new position in Navigator during the fourth quarter valued at approximately $184,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in Navigator during the fourth quarter valued at approximately $310,000. 69.60% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on NVGS. Zacks Investment Research raised Navigator from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, March 20th. Wells Fargo & Co lowered Navigator from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 10th. Maxim Group restated a “buy” rating and issued a $16.00 price objective on shares of Navigator in a research note on Tuesday, April 2nd. ValuEngine upgraded Navigator from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, Morgan Stanley upgraded Navigator from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $13.00 to $14.00 in a research note on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $14.33.
NYSE:NVGS opened at $11.12 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.04 and a current ratio of 1.12. The company has a market capitalization of $624.48 million, a price-to-earnings ratio of -222.40 and a beta of 1.16. Navigator Holdings Ltd has a 12-month low of $8.70 and a 12-month high of $13.55.
Navigator (NYSE:NVGS) last released its quarterly earnings data on Monday, April 1st. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). The business had revenue of $78.20 million during the quarter, compared to the consensus estimate of $63.30 million. Navigator had a negative net margin of 1.85% and a negative return on equity of 0.30%. Navigator’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. Equities research analysts predict that Navigator Holdings Ltd will post 0.58 EPS for the current fiscal year.
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Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.
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