Gamco Investors INC. ET AL Has $6.43 Million Position in Navigator Holdings Ltd. $NVGS

Gamco Investors INC. ET AL cut its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 10.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 415,000 shares of the shipping company’s stock after selling 50,700 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Navigator were worth $6,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC lifted its stake in Navigator by 16.4% in the 1st quarter. Millennium Management LLC now owns 542,756 shares of the shipping company’s stock valued at $7,224,000 after acquiring an additional 76,287 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Navigator by 18.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,885 shares of the shipping company’s stock worth $677,000 after acquiring an additional 7,777 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Navigator by 674.7% during the 1st quarter. Jane Street Group LLC now owns 85,843 shares of the shipping company’s stock worth $1,143,000 after acquiring an additional 74,762 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Navigator in the second quarter valued at approximately $399,000. Finally, Hodges Capital Management Inc. raised its holdings in shares of Navigator by 12.7% in the second quarter. Hodges Capital Management Inc. now owns 421,886 shares of the shipping company’s stock valued at $5,970,000 after purchasing an additional 47,391 shares during the last quarter. Institutional investors and hedge funds own 18.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on NVGS shares. Pareto Securities initiated coverage on shares of Navigator in a report on Tuesday, December 9th. They set a “buy” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Navigator in a research note on Monday, December 29th. Wall Street Zen raised shares of Navigator from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research downgraded shares of Navigator from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Navigator Stock Up 0.3%

NYSE:NVGS opened at $20.88 on Monday. Navigator Holdings Ltd. has a twelve month low of $10.55 and a twelve month high of $21.36. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.14 and a beta of 0.37. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $18.78 and its two-hundred day moving average price is $17.36.

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).