Navios Maritime Partners L.P. (NYSE:NMM) – Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Navios Maritime Partners in a research note issued to investors on Monday. Jefferies Group analyst R. Giveans forecasts that the shipping company will post earnings per share of $0.03 for the quarter. Jefferies Group currently has a “Buy” rating and a $3.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Navios Maritime Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. cut shares of Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 17th. Citigroup lifted their price objective on shares of Navios Maritime Partners from $2.00 to $2.25 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Finally, TheStreet raised shares of Navios Maritime Partners from a “d+” rating to a “c-” rating in a research note on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Navios Maritime Partners presently has a consensus rating of “Hold” and a consensus price target of $2.44.

Navios Maritime Partners (NMM) opened at $2.06 on Wednesday. Navios Maritime Partners has a 52 week low of $1.45 and a 52 week high of $2.65. The company has a market cap of $308.90, a price-to-earnings ratio of -17.17 and a beta of 1.52. The company has a quick ratio of 1.39, a current ratio of 0.55 and a debt-to-equity ratio of 0.03.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings data on Tuesday, November 14th. The shipping company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Navios Maritime Partners had a negative net margin of 7.13% and a positive return on equity of 2.77%. The business had revenue of $59.95 million during the quarter, compared to analysts’ expectations of $62.18 million.

Several hedge funds have recently added to or reduced their stakes in NMM. JPMorgan Chase & Co. boosted its stake in shares of Navios Maritime Partners by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock worth $3,184,000 after purchasing an additional 226,982 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Navios Maritime Partners during the 3rd quarter worth about $320,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Navios Maritime Partners during the 2nd quarter worth about $188,000. Concourse Capital Management LLC purchased a new position in shares of Navios Maritime Partners during the 4th quarter worth about $208,000. Finally, Virtu KCG Holdings LLC boosted its stake in shares of Navios Maritime Partners by 1.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock worth $147,000 after purchasing an additional 1,324 shares during the period. 15.33% of the stock is owned by hedge funds and other institutional investors.

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Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.

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