An issue of Navios Maritime Holdings Inc. (NYSE:NM) bonds rose 4.6% as a percentage of their face value during trading on Tuesday. The debt issue has a 8.125% coupon and is set to mature on February 15, 2019. The debt is now trading at $69.13 and was trading at $62.00 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Separately, Zacks Investment Research cut Navios Maritime Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $1.13.

Shares of Navios Maritime Holdings Inc. (NYSE:NM) opened at 1.68 on Thursday. The company’s market capitalization is $178.10 million. The company’s 50-day moving average price is $1.26 and its 200-day moving average price is $1.07. Navios Maritime Holdings Inc. has a one year low of $0.57 and a one year high of $2.40.

Navios Maritime Holdings (NYSE:NM) last released its quarterly earnings results on Tuesday, November 22nd. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.01. The business 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 8.74% and a negative net margin of 31.91%. Navios Maritime Holdings’s quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.23) EPS. On average, equities research analysts predict that Navios Maritime Holdings Inc. will post ($0.94) earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in NM. Parametric Portfolio Associates LLC raised its position in shares of 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 valued at $1,841,000 after buying an additional 616,693 shares in the last quarter. California Public Employees Retirement System raised its position in shares of 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 valued at $2,413,000 after buying an additional 22,600 shares in the last quarter. Advisor Group Inc. raised 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 valued at $1,476,000 after buying an additional 111,748 shares in the last quarter. Pinnacle Holdings LLC raised 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 valued at $271,000 after buying an additional 41,000 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Navios Maritime Holdings during the second quarter valued at about $235,000. 15.30% of the stock is owned by hedge funds and other institutional investors.

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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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