UBS Group AG cut its stake in shares of Navios Maritime Acquisition Corporation (NYSE:NNA) by 9.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,097 shares of the shipping company’s stock after selling 9,795 shares during the period. UBS Group AG’s holdings in Navios Maritime Acquisition Corporation were worth $160,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. California Public Employees Retirement System raised its position in Navios Maritime Acquisition Corporation by 54.5% in the first quarter. California Public Employees Retirement System now owns 148,000 shares of the shipping company’s stock valued at $255,000 after buying an additional 52,200 shares during the period. Spark Investment Management LLC raised its position in Navios Maritime Acquisition Corporation by 49.4% in the first quarter. Spark Investment Management LLC now owns 251,700 shares of the shipping company’s stock valued at $432,000 after buying an additional 83,200 shares during the period. Stifel Financial Corp raised its position in Navios Maritime Acquisition Corporation by 4.7% in the first quarter. Stifel Financial Corp now owns 729,064 shares of the shipping company’s stock valued at $1,238,000 after buying an additional 32,428 shares during the period. JPMorgan Chase & Co. raised its position in Navios Maritime Acquisition Corporation by 80.1% in the first quarter. JPMorgan Chase & Co. now owns 685,659 shares of the shipping company’s stock valued at $1,179,000 after buying an additional 305,049 shares during the period. Finally, Hosking Partners LLP raised its position in Navios Maritime Acquisition Corporation by 360.7% in the first quarter. Hosking Partners LLP now owns 1,231,164 shares of the shipping company’s stock valued at $2,118,000 after buying an additional 963,924 shares during the period. Institutional investors own 19.48% of the company’s stock.

Navios Maritime Acquisition Corporation (NYSE NNA) traded up 1.9407% during trading on Thursday, reaching $1.3762. The company’s stock had a trading volume of 9,526 shares. The stock has a 50 day moving average price of $1.42 and a 200 day moving average price of $1.63. The stock has a market capitalization of $207.09 million, a PE ratio of 4.8975 and a beta of 1.49. Navios Maritime Acquisition Corporation has a 1-year low of $1.19 and a 1-year high of $2.11.

Navios Maritime Acquisition Corporation (NYSE:NNA) last posted its quarterly earnings results on Tuesday, May 16th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $61.30 million for the quarter, compared to analyst estimates of $66.23 million. Navios Maritime Acquisition Corporation had a return on equity of 7.85% and a net margin of 16.30%. Analysts anticipate that Navios Maritime Acquisition Corporation will post $0.02 earnings per share for the current fiscal year.

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Separately, ValuEngine lowered Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th.

Navios Maritime Acquisition Corporation Company Profile

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.

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Institutional Ownership by Quarter for Navios Maritime Acquisition Corporation (NYSE:NNA)

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