Navios Maritime Holdings Inc. (NYSE:NM) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other equities analysts also recently issued reports on NM. Zacks Investment Research raised shares of Navios Maritime Holdings from a “strong sell” rating to a “hold” rating in a report on Friday, July 21st. Citigroup Inc. cut their price target on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating for the company in a report on Thursday, May 25th.

Navios Maritime Holdings (NYSE NM) traded up 2.56% on Thursday, reaching $1.20. 374,260 shares of the company’s stock traded hands. The stock’s market capitalization is $138.20 million. The firm’s 50-day moving average is $1.21 and its 200 day moving average is $1.57. Navios Maritime Holdings has a 52-week low of $0.86 and a 52-week high of $2.40.

Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by $0.07. Navios Maritime Holdings had a negative net margin of 20.55% and a negative return on equity of 13.28%. The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $104.31 million. During the same period in the prior year, the business earned ($0.11) earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts forecast that Navios Maritime Holdings will post ($0.94) EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. Horseman Capital Management Ltd bought a new stake in Navios Maritime Holdings during the first quarter valued at $1,834,000. Goldman Sachs Group Inc. boosted its stake in Navios Maritime Holdings by 254.4% in the first quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock valued at $1,605,000 after buying an additional 615,981 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Navios Maritime Holdings by 37.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,802 shares of the shipping company’s stock valued at $2,466,000 after buying an additional 475,200 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Navios Maritime Holdings during the second quarter valued at $341,000. Finally, Parametric Portfolio Associates LLC boosted its stake in Navios Maritime Holdings by 8.3% in the first quarter. Parametric Portfolio Associates LLC now owns 2,776,233 shares of the shipping company’s stock valued at $5,192,000 after buying an additional 212,145 shares during the last quarter. Hedge funds and other institutional investors own 19.70% of the company’s stock.

About Navios Maritime Holdings

Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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