Navios Maritime (NYSE:NM) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Navios Maritime (NYSE:NM – Get Rating) in a report released on Wednesday. The firm set a “buy” rating on the shipping company’s stock.

Navios Maritime Stock Down 4.6 %

Shares of Navios Maritime stock opened at $1.67 on Wednesday. The stock has a market capitalization of $26.55 million, a P/E ratio of 0.61 and a beta of 1.63. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 4.10. The stock has a 50 day moving average price of $1.78 and a two-hundred day moving average price of $1.91. Navios Maritime has a 12-month low of $1.53 and a 12-month high of $3.05.

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Navios Maritime (NYSE:NM – Get Rating) last announced its earnings results on Wednesday, May 24th. The shipping company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $65.41 million during the quarter. Navios Maritime had a return on equity of 97.48% and a net margin of 31.38%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Walleye Capital LLC acquired a new position in shares of Navios Maritime during the first quarter worth approximately $65,000. Rockefeller Capital Management L.P. raised its stake in shares of Navios Maritime by 36.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 20,437 shares of the shipping company’s stock valued at $35,000 after purchasing an additional 5,500 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Navios Maritime by 73.4% in the first quarter. Acadian Asset Management LLC now owns 24,850 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 10,518 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Navios Maritime in the first quarter valued at $53,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Navios Maritime in the first quarter valued at $109,000. 15.68% of the stock is currently owned by institutional investors and hedge funds.

Navios Maritime Company Profile

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Navios Maritime Holdings, Inc is a seaborne shipping and logistics company, which engages in the transport and transshipment of dry bulk commodities including iron ore, coal, and grain. It operates through the Dry Bulk Vessel Operations and Logistics Business segments. The Dry Bulk Vessel Operations segment transports and handles bulk cargoes through the ownership, operation, and trading of vessels, freight, and forward freight agreements.

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