Emerald Acquisition Ltd. Purchases New Position in Navigator Holdings Ltd. (NVGS)
Emerald Acquisition Ltd. purchased a new stake in Navigator Holdings Ltd. (NYSE:NVGS) during the second quarter, Holdings Channel reports. The firm purchased 72,378 shares of the company’s stock, valued at approximately $832,000. Emerald Acquisition Ltd. owned 0.13% of Navigator Holdings as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Navigator Holdings by 463.4% in the first quarter. Renaissance Technologies LLC now owns 98,600 shares of the company’s stock valued at $1,592,000 after buying an additional 81,100 shares during the period. HBK Investments L P purchased a new stake in Navigator Holdings during the first quarter valued at about $252,000. First Manhattan Co. increased its stake in Navigator Holdings by 74.5% in the second quarter. First Manhattan Co. now owns 942,167 shares of the company’s stock valued at $10,834,000 after buying an additional 402,359 shares in the last quarter. Huntington Asset Advisors Inc. purchased a new stake in Navigator Holdings during the first quarter valued at about $123,000. Finally, K.J. Harrison & Partners Inc purchased a new stake in Navigator Holdings during the second quarter valued at about $138,000. Institutional investors own 74.81% of the company’s stock.
Navigator Holdings Ltd. (NYSE:NVGS) traded down 0.97% during trading on Thursday, hitting $7.12. 243,195 shares of the stock were exchanged. The stock has a market capitalization of $394.71 million, a price-to-earnings ratio of 5.09 and a beta of 1.16. Navigator Holdings Ltd. has a 52 week low of $6.47 and a 52 week high of $17.67. The firm has a 50-day moving average of $7.11 and a 200-day moving average of $11.23.
Navigator Holdings (NYSE:NVGS) last issued its earnings results on Monday, August 8th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.04. The firm had revenue of $72.54 million for the quarter, compared to analyst estimates of $70.75 million. Navigator Holdings had a return on equity of 8.42% and a net margin of 25.18%. Navigator Holdings’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that Navigator Holdings Ltd. will post $0.82 earnings per share for the current fiscal year.
Several analysts recently issued reports on the stock. Morgan Stanley downgraded shares of Navigator Holdings from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $14.50 to $7.00 in a report on Thursday, August 25th. Jefferies Group reissued a “buy” rating on shares of Navigator Holdings in a report on Tuesday, August 23rd. Zacks Investment Research raised shares of Navigator Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 28th. Finally, Stifel Nicolaus reduced their price target on shares of Navigator Holdings from $25.00 to $18.00 and set a “buy” rating for the company in a report on Friday, July 22nd. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $13.33.
About Navigator Holdings
Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.
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