Zacks Investment Research downgraded shares of Navios Maritime Holdings Inc. (NYSE:NM) from a buy rating to a hold rating in a report issued on Tuesday.

According to Zacks, “Navios Maritime Holdings Inc. is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain. It operates in three segments: Drybulk Vessel Operations, Tanker Vessel Operations and Logistics Business. The Company also engages in operating ports and transfer station terminals and handles vessels, barges, and push boats, as well as operates upriver transport facilities in the Hidrovia region. Navios Maritime Holdings Inc. is headquartered in Piraeus, Greece. “

Analyst Recommendations for Navios Maritime Holdings (NYSE:NM)

Shares of Navios Maritime Holdings (NYSE:NM) opened at 1.56 on Tuesday. The firm’s market cap is $165.37 million. The company has a 50-day moving average of $1.25 and a 200 day moving average of $1.06. Navios Maritime Holdings has a 52-week low of $0.57 and a 52-week high of $2.40.

Navios Maritime Holdings (NYSE:NM) last released its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.01. The firm earned $113.09 million during the quarter, compared to analyst estimates of $130.96 million. Navios Maritime Holdings had a negative return on equity of 8.41% and a negative net margin of 29.44%. The business’s quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. On average, equities analysts expect that Navios Maritime Holdings will post ($0.94) earnings per share for the current year.

Several institutional investors have recently made changes to their positions in NM. California Public Employees Retirement System increased its position in shares of Navios Maritime Holdings by 3.2% in the second quarter. California Public Employees Retirement System now owns 1,971,800 shares of the company’s stock worth $1,597,000 after buying an additional 60,700 shares in the last quarter. Pinnacle Holdings LLC increased its position in shares of Navios Maritime Holdings by 14.0% in the second quarter. Pinnacle Holdings LLC now owns 334,200 shares of the company’s stock worth $271,000 after buying an additional 41,000 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Navios Maritime Holdings during the second quarter worth approximately $129,000. Advisor Group Inc. increased its position in shares of 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. Finally, Cubist Systematic Strategies LLC increased 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. Institutional investors own 15.30% of the company’s stock.

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About Navios Maritime Holdings

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.

5 Day Chart for NYSE:NM

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