Navios Maritime Partners L.P. (NYSE:NMM) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share estimates for Navios Maritime Partners in a research report issued on Monday. Jefferies Group analyst R. Giveans forecasts that the shipping company will earn $0.03 per share for the quarter. Jefferies Group has a “Buy” rating and a $3.00 price target on the stock.

NMM has been the topic of a number of other research reports. TheStreet raised Navios Maritime Partners from a “d+” rating to a “c-” rating in a report on Wednesday, November 15th. Zacks Investment Research cut Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. JPMorgan Chase & Co. cut Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, Citigroup upped their price target on Navios Maritime Partners from $2.00 to $2.25 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Navios Maritime Partners has a consensus rating of “Hold” and a consensus target price of $2.44.

Navios Maritime Partners (NMM) opened at $2.15 on Wednesday. Navios Maritime Partners has a 1-year low of $1.45 and a 1-year high of $2.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $307.42, a PE ratio of -17.92 and a beta of 1.52.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Tuesday, November 14th. The shipping company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Navios Maritime Partners had a positive return on equity of 2.75% and a negative net margin of 7.13%. The company had revenue of $59.95 million for the quarter, compared to the consensus estimate of $62.18 million.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtu KCG Holdings LLC increased its position in Navios Maritime Partners by 1.5% in the second quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock worth $147,000 after buying an additional 1,324 shares in the last quarter. Concourse Capital Management LLC purchased a new stake in Navios Maritime Partners in the fourth quarter worth about $208,000. Arrowstreet Capital Limited Partnership purchased a new stake in Navios Maritime Partners in the second quarter worth about $188,000. Macquarie Group Ltd. purchased a new stake in Navios Maritime Partners in the third quarter worth about $320,000. Finally, JPMorgan Chase & Co. increased its position in Navios Maritime Partners by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock worth $3,184,000 after buying an additional 226,982 shares in the last quarter. Institutional investors and hedge funds own 15.33% of the company’s stock.

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About Navios Maritime Partners

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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