Teton Advisors LLC Acquires Shares of 85,200 Navigator Holdings Ltd. $NVGS

Teton Advisors LLC bought a new stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 85,200 shares of the shipping company’s stock, valued at approximately $1,320,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC acquired a new position in shares of Navigator in the second quarter worth about $5,677,000. Ameriprise Financial Inc. purchased a new position in Navigator in the second quarter valued at about $4,773,000. Bank of America Corp DE grew its stake in Navigator by 143.8% during the 2nd quarter. Bank of America Corp DE now owns 263,369 shares of the shipping company’s stock valued at $3,727,000 after purchasing an additional 155,336 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Navigator by 165.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 210,797 shares of the shipping company’s stock worth $3,265,000 after purchasing an additional 131,359 shares during the last quarter. Finally, Encompass Capital Advisors LLC increased its holdings in Navigator by 7.4% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,437,201 shares of the shipping company’s stock worth $20,336,000 after purchasing an additional 99,326 shares during the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVGS has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Navigator in a research report on Monday, December 29th. Zacks Research downgraded shares of Navigator from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Pareto Securities assumed coverage on shares of Navigator in a research report on Tuesday, December 9th. They set a “buy” rating on the stock. Finally, Wall Street Zen upgraded Navigator from a “hold” rating to a “buy” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Navigator Stock Performance

NVGS stock opened at $20.88 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.45 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.14 and a beta of 0.37. Navigator Holdings Ltd. has a 12-month low of $10.55 and a 12-month high of $21.36. The stock’s 50 day simple moving average is $18.78 and its 200 day simple moving average is $17.34.

Navigator Company Profile

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).