Navigator Holdings Ltd. (NVGS) Stake Held by HPM Partners LLC
HPM Partners LLC maintained its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the shipping company’s stock at the close of the 2nd quarter. HPM Partners LLC’s holdings in Navigator Holdings were worth $166,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in Navigator Holdings during the 1st quarter worth about $109,000. Bronfman E.L. Rothschild L.P. grew its position in Navigator Holdings by 14.8% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 11,355 shares of the shipping company’s stock worth $156,000 after purchasing an additional 1,460 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in Navigator Holdings during the 1st quarter worth about $230,000. Levin Capital Strategies L.P. grew its position in Navigator Holdings by 90.9% during the 1st quarter. Levin Capital Strategies L.P. now owns 21,000 shares of the shipping company’s stock worth $289,000 after purchasing an additional 10,000 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in Navigator Holdings during the 1st quarter worth about $295,000. 67.03% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on NVGS shares. Zacks Investment Research raised Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, July 12th. Morgan Stanley increased their price target on Navigator Holdings from $7.50 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, July 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $16.00 price target on shares of Navigator Holdings in a research report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 price target (down from $18.00) on shares of Navigator Holdings in a research report on Saturday, July 22nd. Finally, BidaskClub raised Navigator Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $13.10.
Shares of Navigator Holdings Ltd. (NYSE NVGS) opened at 11.05 on Wednesday. Navigator Holdings Ltd. has a 1-year low of $6.47 and a 1-year high of $14.75. The stock’s 50 day moving average is $10.43 and its 200 day moving average is $10.59. The stock has a market capitalization of $613.62 million, a price-to-earnings ratio of 32.50 and a beta of 1.09.
Navigator Holdings (NYSE:NVGS) last posted its quarterly earnings data on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business 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 company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, equities analysts forecast that Navigator Holdings Ltd. will post $0.28 EPS for the current year.
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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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