Navios Maritime Acquisition Corporation (NYSE:NNA) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Friday, The Fly reports.

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

Navios Maritime Acquisition Corporation (NYSE NNA) opened at 1.36 on Friday. The firm has a market capitalization of $204.66 million, a PE ratio of 4.84 and a beta of 1.49. The stock’s 50 day moving average price is $1.42 and its 200 day moving average price is $1.63. Navios Maritime Acquisition Corporation has a 12 month low of $1.19 and a 12 month high of $2.11.

Navios Maritime Acquisition Corporation (NYSE:NNA) last posted its quarterly earnings data on Thursday, August 10th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.01. Navios Maritime Acquisition Corporation had a return on equity of 7.85% and a net margin of 16.30%. Equities research analysts expect that Navios Maritime Acquisition Corporation will post $0.02 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Navios Maritime Acquisition Corporation by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 228,238 shares of the shipping company’s stock valued at $335,000 after buying an additional 1,199 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Navios Maritime Acquisition Corporation by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 764,666 shares of the shipping company’s stock valued at $1,315,000 after buying an additional 7,229 shares in the last quarter. Teachers Advisors LLC increased its position in Navios Maritime Acquisition Corporation by 12.2% in the second quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock valued at $243,000 after buying an additional 17,971 shares in the last quarter. Hosking Partners LLP increased its position in Navios Maritime Acquisition Corporation by 1.6% in the second quarter. Hosking Partners LLP now owns 1,251,093 shares of the shipping company’s stock valued at $1,839,000 after buying an additional 19,929 shares in the last quarter. Finally, Stifel Financial Corp increased 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 in the last quarter. 19.48% of the stock is currently owned by hedge funds and other institutional investors.

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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