TIAA CREF Investment Management LLC decreased its holdings in Navios Maritime Acquisition Corporation (NYSE:NNA) by 58.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 228,096 shares of the shipping company’s stock after selling 316,255 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.15% of Navios Maritime Acquisition Corporation worth $335,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. California Public Employees Retirement System grew its stake in shares of Navios Maritime Acquisition Corporation by 54.5% in the first quarter. California Public Employees Retirement System now owns 148,000 shares of the shipping company’s stock worth $255,000 after purchasing an additional 52,200 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Navios Maritime Acquisition Corporation by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 227,039 shares of the shipping company’s stock valued at $390,000 after buying an additional 6,592 shares during the period. Chicago Equity Partners LLC acquired a new position in Navios Maritime Acquisition Corporation in the second quarter valued at $470,000. Teachers Advisors LLC lifted its holdings 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 during the period. Finally, Spark Investment Management LLC lifted its holdings in Navios Maritime Acquisition Corporation by 74.2% in the second quarter. Spark Investment Management LLC now owns 438,500 shares of the shipping company’s stock valued at $644,000 after buying an additional 186,800 shares during the period. 18.10% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. Citigroup Inc. lowered shares of Navios Maritime Acquisition Corporation from a “buy” rating to a “neutral” rating and set a $1.25 target price on the stock. in a report on Friday, August 11th. Zacks Investment Research lowered shares of Navios Maritime Acquisition Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Stifel Nicolaus reiterated a “buy” rating and set a $2.25 price objective (up previously from $2.00) on shares of Navios Maritime Acquisition Corporation in a report on Friday, August 11th. TheStreet lowered shares of Navios Maritime Acquisition Corporation from a “c” rating to a “d+” rating in a report on Thursday, August 10th. Finally, ValuEngine lowered shares of Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $1.63.

Shares of Navios Maritime Acquisition Corporation (NYSE:NNA) opened at $1.30 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.92 and a quick ratio of 0.92. Navios Maritime Acquisition Corporation has a fifty-two week low of $1.08 and a fifty-two week high of $2.11. The firm has a market cap of $196.94, a PE ratio of 18.71 and a beta of 1.60.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Wednesday, December 6th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 15.38%. Navios Maritime Acquisition Corporation’s dividend payout ratio is presently -64.51%.

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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.

Institutional Ownership by Quarter for Navios Maritime Acquisition Corporation (NYSE:NNA)

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