Navios Maritime Holdings Inc. (NM) Releases Earnings Results, Beats Expectations By $0.01 EPS
Navios Maritime Holdings Inc. (NYSE:NM) issued its quarterly earnings results on Tuesday. The company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.01. Navios Maritime Holdings had a negative return on equity of 8.41% and a negative net margin of 29.44%. The business had revenue of $113.09 million for the quarter, compared to analyst estimates of $130.96 million. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The company’s revenue was down 13.7% on a year-over-year basis.
Navios Maritime Holdings (NYSE:NM) opened at 1.65 on Tuesday. Navios Maritime Holdings has a 52 week low of $0.57 and a 52 week high of $2.40. The stock has a 50 day moving average of $1.24 and a 200 day moving average of $1.06. The company’s market cap is $174.91 million.
Separately, Zacks Investment Research cut Navios Maritime Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Navios Maritime Holdings has an average rating of “Hold” and a consensus target price of $1.13.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new stake in Navios Maritime Holdings during the second quarter worth $116,000. Advisor Group Inc. purchased a new stake in Navios Maritime Holdings during the second quarter worth $897,000. Parametric Portfolio Associates LLC increased 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 during the period. Paloma Partners Management Co acquired a new position in shares of Navios Maritime Holdings during the second quarter worth approximately $235,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of 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. Hedge funds and other institutional investors own 15.30% 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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