31,502 Shares in Navigator Holdings Ltd. (NVGS) Acquired by Citadel Advisors LLC
Citadel Advisors LLC purchased a new stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 31,502 shares of the shipping company’s stock, valued at approximately $261,000. Citadel Advisors LLC owned about 0.06% of Navigator Holdings as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of NVGS. Russell Investments Group Ltd. grew its stake in Navigator Holdings by 325.0% during the 1st quarter. Russell Investments Group Ltd. now owns 41,267 shares of the shipping company’s stock valued at $567,000 after purchasing an additional 31,558 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Navigator Holdings during the 1st quarter valued at about $411,000. JPMorgan Chase & Co. purchased a new stake in Navigator Holdings during the 1st quarter valued at about $109,000. Renaissance Technologies LLC grew its stake in Navigator Holdings by 25.9% during the 1st quarter. Renaissance Technologies LLC now owns 66,200 shares of the shipping company’s stock valued at $910,000 after purchasing an additional 13,600 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Navigator Holdings during the 1st quarter valued at about $295,000. Institutional investors and hedge funds own 67.03% of the company’s stock.
A number of analysts have recently commented on NVGS shares. BidaskClub upgraded Navigator Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, July 12th. Morgan Stanley upped their target price on Navigator Holdings from $7.50 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, July 17th. Jefferies Group LLC restated a “buy” rating and issued a $15.00 target price (down previously from $18.00) on shares of Navigator Holdings in a research note on Saturday, July 22nd. Finally, Maxim Group set a $17.00 target price on Navigator Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $13.10.
Shares of Navigator Holdings Ltd. (NYSE:NVGS) opened at 11.15 on Friday. Navigator Holdings Ltd. has a 52 week low of $6.65 and a 52 week high of $14.75. The stock has a market cap of $619.17 million, a P/E ratio of 32.79 and a beta of 1.09. The stock has a 50 day moving average price of $10.99 and a 200-day moving average price of $10.34.
Navigator Holdings (NYSE:NVGS) last issued its quarterly earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). The company 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 was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. Equities analysts predict that Navigator Holdings Ltd. will post $0.28 EPS for the current fiscal year.
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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