Minerva Advisors LLC Lowers Position in Navigator Holdings Ltd. (NYSE:NVGS)
Minerva Advisors LLC lowered its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380,034 shares of the shipping company’s stock after selling 1,500 shares during the period. Navigator Holdings accounts for approximately 1.7% of Minerva Advisors LLC’s investment portfolio, making the stock its 15th largest position. Minerva Advisors LLC’s holdings in Navigator Holdings were worth $3,154,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in Navigator Holdings by 581.1% in the first quarter. Wells Fargo & Company MN now owns 297,081 shares of the shipping company’s stock worth $4,085,000 after buying an additional 253,460 shares during the period. Oppenheimer & Co. Inc. raised its position in Navigator Holdings by 13.8% in the first quarter. Oppenheimer & Co. Inc. now owns 1,638,805 shares of the shipping company’s stock worth $22,533,000 after buying an additional 198,418 shares during the period. Gamco Investors INC. ET AL raised its position in Navigator Holdings by 6.8% in the first quarter. Gamco Investors INC. ET AL now owns 180,500 shares of the shipping company’s stock worth $2,482,000 after buying an additional 11,456 shares during the period. Creative Planning bought a new position in Navigator Holdings during the first quarter worth $363,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in Navigator Holdings by 14.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,355 shares of the shipping company’s stock worth $156,000 after buying an additional 1,460 shares during the period. 68.39% of the stock is owned by institutional investors and hedge funds.
Shares of Navigator Holdings Ltd. (NYSE NVGS) opened at 9.70 on Friday. The stock has a market capitalization of $538.65 million, a P/E ratio of 19.40 and a beta of 1.10. The company has a 50-day moving average price of $8.98 and a 200 day moving average price of $10.78. Navigator Holdings Ltd. has a 52 week low of $6.47 and a 52 week high of $14.75.
Navigator Holdings (NYSE:NVGS) last posted its earnings results on Monday, May 8th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Navigator Holdings had a return on equity of 3.23% and a net margin of 9.48%. The firm had revenue of $77.30 million during the quarter, compared to analysts’ expectations of $63.83 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Analysts forecast that Navigator Holdings Ltd. will post $0.39 earnings per share for the current fiscal year.
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A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 price target (down previously from $18.00) on shares of Navigator Holdings in a research report on Saturday, July 22nd. BidaskClub lowered Navigator Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Maxim Group set a $17.00 price target on Navigator Holdings and gave the company a “buy” rating in a research report on Thursday, May 4th. Finally, Morgan Stanley increased their price target on Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Navigator Holdings has an average rating of “Hold” and a consensus target price of $12.38.
Navigator Holdings Company Profile
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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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