Navios Maritime Holdings Inc. (NM) Bond Prices Rise 1%
An issue of Navios Maritime Holdings Inc. (NYSE:NM) debt rose 1% against its face value during trading on Tuesday. The debt issue has a 7.375% coupon and will mature on January 15, 2022. The bonds in the issue are now trading at $54.88 and were trading at $51.25 one week ago. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its share price.
Separately, Zacks Investment Research upgraded Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a report on Wednesday, August 31st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.13.
Shares of Navios Maritime Holdings Inc. (NYSE:NM) opened at 1.73 on Thursday. Navios Maritime Holdings Inc. has a 52-week low of $0.57 and a 52-week high of $2.40. The firm’s market cap is $183.40 million. The stock has a 50 day moving average price of $1.20 and a 200-day moving average price of $1.04.
Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings data on Thursday, August 25th. The company reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.09. Navios Maritime Holdings had a negative net margin of 29.44% and a negative return on equity of 8.41%. The firm earned $105.70 million during the quarter, compared to analyst estimates of $112.07 million. During the same quarter in the previous year, the business earned ($0.27) EPS. Navios Maritime Holdings’s revenue for the quarter was down 11.8% on a year-over-year basis. On average, equities analysts anticipate that Navios Maritime Holdings Inc. will post ($0.94) EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in NM. Advisor Group Inc. raised its stake in Navios Maritime Holdings by 10.1% in the third quarter. Advisor Group Inc. now owns 1,220,777 shares of the company’s stock worth $1,476,000 after buying an additional 111,748 shares in the last quarter. California Public Employees Retirement System raised its stake in Navios Maritime Holdings by 1.1% in the third quarter. California Public Employees Retirement System now owns 1,994,400 shares of the company’s stock worth $2,413,000 after buying an additional 22,600 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Navios Maritime Holdings by 241.6% in the second quarter. Cubist Systematic Strategies LLC now owns 153,891 shares of the company’s stock worth $125,000 after buying an additional 108,847 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Navios Maritime Holdings during the second quarter worth about $235,000. Finally, Parametric Portfolio Associates LLC raised its stake in Navios Maritime Holdings by 37.2% in the second quarter. Parametric Portfolio Associates LLC now owns 2,272,883 shares of the company’s stock worth $1,841,000 after buying an additional 616,693 shares in the last quarter. Institutional investors and hedge funds own 15.25% 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.
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