Navios Maritime Holdings Inc. (NYSE:NM) fell 6.1% on Monday . The stock traded as low as $1.23 and last traded at $1.23, with a volume of 765,227 shares changing hands. The stock had previously closed at $1.31.

Several brokerages recently weighed in on NM. Zacks Investment Research raised shares of Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research report on Wednesday, April 26th. Citigroup Inc. reduced 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 research report on Thursday, May 25th. Finally, ValuEngine raised shares of Navios Maritime Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 28th.

The firm’s 50 day moving average is $1.24 and its 200 day moving average is $1.50. The stock’s market capitalization is $141.66 million.

Navios Maritime Holdings (NYSE:NM) last posted its earnings results on Wednesday, May 24th. The shipping company reported ($0.37) EPS for the quarter, missing the Zacks’ 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 analysts’ expectations of $104.31 million. During the same period in the previous year, the company earned ($0.11) EPS. The company’s revenue was down 6.1% on a year-over-year basis. On average, analysts forecast that Navios Maritime Holdings Inc. will post ($0.94) EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers bought a new position in shares of Navios Maritime Holdings during the second quarter worth about $107,000. New York State Common Retirement Fund bought a new position in shares of Navios Maritime Holdings during the second quarter worth about $131,000. California State Teachers Retirement System bought a new position in shares of Navios Maritime Holdings during the second quarter worth about $218,000. Schwab Charles Investment Management Inc. bought a new position in shares of Navios Maritime Holdings during the second quarter worth about $232,000. Finally, Vanguard Group Inc. bought a new position in shares of Navios Maritime Holdings during the second quarter worth about $248,000. Institutional investors and hedge funds own 20.12% of the company’s stock.

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Navios Maritime Holdings Company Profile

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.

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