TheStreet upgraded shares of Navios Maritime Partners LP (NYSE:NMM) from a d+ rating to a c- rating in a research note released on Wednesday morning.

A number of other equities analysts have also recently weighed in on NMM. Citigroup Inc. increased their price target on Navios Maritime Partners from $2.00 to $2.25 and gave the stock a neutral rating in a report on Thursday. BidaskClub upgraded Navios Maritime Partners from a sell rating to a hold rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Navios Maritime Partners from a sell rating to a hold rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a hold rating and set a $2.25 price target on shares of Navios Maritime Partners in a report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $2.19.

Navios Maritime Partners (NYSE:NMM) traded up $0.08 during midday trading on Wednesday, hitting $1.97. The stock had a trading volume of 403,472 shares, compared to its average volume of 704,470. The stock has a market cap of $282.84, a PE ratio of 11.77 and a beta of 1.87. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.55. Navios Maritime Partners has a fifty-two week low of $1.40 and a fifty-two week high of $2.65.

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A number of institutional investors have recently made changes to their positions in the stock. Evermore Global Advisors LLC boosted its holdings in Navios Maritime Partners by 19.8% during the 2nd quarter. Evermore Global Advisors LLC now owns 7,134,433 shares of the shipping company’s stock valued at $11,344,000 after acquiring an additional 1,177,833 shares during the period. JPMorgan Chase & Co. boosted its holdings in Navios Maritime Partners by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock valued at $3,184,000 after acquiring an additional 226,982 shares during the period. Sound Point Capital Management LP boosted its holdings in Navios Maritime Partners by 7.7% during the 2nd quarter. Sound Point Capital Management LP now owns 1,094,891 shares of the shipping company’s stock valued at $1,741,000 after acquiring an additional 78,743 shares during the period. Credit Suisse AG purchased a new position in Navios Maritime Partners during the 1st quarter valued at about $1,780,000. Finally, Renaissance Technologies LLC boosted its holdings in Navios Maritime Partners by 905.0% during the 1st quarter. Renaissance Technologies LLC now owns 776,808 shares of the shipping company’s stock valued at $1,608,000 after acquiring an additional 699,514 shares during the period. Institutional investors own 17.07% of the company’s stock.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.

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