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

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. “

A number of other equities analysts have also recently issued reports on the company. ValuEngine upgraded Navios Maritime Holdings from a sell rating to a hold rating in a report on Wednesday, August 23rd. Citigroup Inc. cut their target price on Navios Maritime Holdings from $1.50 to $1.25 and set a sell rating on the stock in a report on Thursday, May 25th.

Shares of Navios Maritime Holdings (NYSE:NM) opened at 1.68 on Friday. The stock’s 50 day moving average is $1.25 and its 200-day moving average is $1.50. The firm’s market cap is $194.97 million. Navios Maritime Holdings has a 12-month low of $0.95 and a 12-month high of $2.40.

Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. The firm had revenue of $118.60 million for the quarter, compared to analysts’ expectations of $114.27 million. Navios Maritime Holdings had a negative return on equity of 14.37% and a negative net margin of 22.05%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.29) EPS. On average, analysts anticipate that Navios Maritime Holdings will post ($0.94) EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System purchased a new position in shares of Navios Maritime Holdings during the second quarter worth about $218,000. State Street Corp boosted its position in shares of Navios Maritime Holdings by 2,467.0% in the second quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock worth $1,388,000 after buying an additional 973,416 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Navios Maritime Holdings by 2.8% in the second quarter. Goldman Sachs Group Inc. now owns 881,941 shares of the shipping company’s stock worth $1,208,000 after buying an additional 23,789 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Navios Maritime Holdings during the second quarter worth about $250,000. Finally, Advisor Group Inc. boosted its position in shares of Navios Maritime Holdings by 3.9% in the second quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock worth $1,555,000 after buying an additional 42,750 shares in the last quarter. Institutional investors own 21.46% 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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