Frontier Capital Management Co. LLC Takes Position in Navigator Holdings Ltd. (NVGS)
Frontier Capital Management Co. LLC bought a new position in Navigator Holdings Ltd. (NYSE:NVGS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 404,380 shares of the shipping company’s stock, valued at approximately $4,489,000. Frontier Capital Management Co. LLC owned 0.73% of Navigator Holdings at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of Navigator Holdings during the first quarter valued at $109,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Navigator Holdings by 3.9% during the second quarter. Parametric Portfolio Associates LLC now owns 12,111 shares of the shipping company’s stock valued at $101,000 after acquiring an additional 455 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Navigator Holdings by 13.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 12,865 shares of the shipping company’s stock valued at $107,000 after acquiring an additional 1,510 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Navigator Holdings during the second quarter valued at $115,000. Finally, HighTower Advisors LLC bought a new position in shares of Navigator Holdings during the first quarter valued at $295,000. 67.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Navigator Holdings Ltd. (NYSE:NVGS) opened at $10.10 on Thursday. Navigator Holdings Ltd. has a 12 month low of $7.00 and a 12 month high of $14.75. The firm has a market capitalization of $560.87, a price-to-earnings ratio of 25.25, a PEG ratio of 4.36 and a beta of 1.05. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.76.
Navigator Holdings (NYSE:NVGS) last announced its earnings results on Wednesday, November 8th. The shipping company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.05). The business had revenue of $70.21 million during the quarter, compared to analyst estimates of $59.65 million. Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. sell-side analysts predict that Navigator Holdings Ltd. will post 0.26 EPS for the current year.
A number of brokerages have issued reports on NVGS. Maxim Group set a $17.00 price objective on Navigator Holdings and gave the company a “buy” rating in a report on Wednesday, November 1st. BidaskClub cut Navigator Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Zacks Investment Research cut Navigator Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and issued a $16.00 target price on shares of Navigator Holdings in a research note on Thursday, August 31st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $15.00 target price on shares of Navigator Holdings in a research note on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.10.
Navigator Holdings Profile
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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