Creative Planning Sells 7,000 Shares of Navigator Holdings Ltd. (NVGS)
Creative Planning decreased its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 26.5% during the second quarter, Holdings Channel reports. The fund owned 19,431 shares of the shipping company’s stock after selling 7,000 shares during the period. Creative Planning’s holdings in Navigator Holdings were worth $161,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. bought a new position in Navigator Holdings during the first quarter valued at approximately $109,000. Highbridge Capital Management LLC bought a new position in Navigator Holdings during the fourth quarter valued at approximately $128,000. Bronfman E.L. Rothschild L.P. increased 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 valued at $156,000 after buying an additional 1,460 shares during the period. Peapack Gladstone Financial Corp bought a new position in Navigator Holdings during the first quarter valued at approximately $230,000. Finally, HPM Partners LLC bought a new position in Navigator Holdings during the first quarter valued at approximately $275,000. 68.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Navigator Holdings Ltd. (NYSE NVGS) traded down 3.85% during mid-day trading on Thursday, hitting $10.00. 82,236 shares of the stock traded hands. The firm has a 50 day moving average of $9.46 and a 200 day moving average of $10.74. The company has a market cap of $555.31 million, a P/E ratio of 29.41 and a beta of 1.10. Navigator Holdings Ltd. has a 12 month low of $6.47 and a 12 month high of $14.75.
Navigator Holdings (NYSE:NVGS) last posted its earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.02. The firm had revenue of $74.40 million during the quarter, compared to analyst estimates of $62.41 million. Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Equities analysts anticipate that Navigator Holdings Ltd. will post $0.38 EPS for the current fiscal year.
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Several research analysts have commented on the stock. Maxim Group set a $17.00 price objective on shares of Navigator Holdings and gave the company a “buy” rating in a report on Tuesday. BidaskClub downgraded shares of Navigator Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and set a $15.00 price objective (down previously from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd. Morgan Stanley upped their target price on shares of Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Navigator Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.38.
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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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