Zacks Investment Research cut shares of Navigator Holdings Ltd (NYSE:NVGS) from a buy rating to a hold rating in a report published on Friday.

According to Zacks, “Navigator Holdings Ltd. provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. Navigator Holdings Ltd. is based in London, the United Kingdom. “

A number of other research analysts have also weighed in on the company. Wells Fargo & Co upgraded Navigator Holdings from a market perform rating to an outperform rating in a research report on Wednesday, January 11th. Maxim Group initiated coverage on Navigator Holdings in a research report on Tuesday, November 22nd. They set a buy rating and a $13.00 price objective for the company. Finally, TheStreet upgraded Navigator Holdings from a d+ rating to a c- rating in a research report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Navigator Holdings presently has a consensus rating of Buy and a consensus target price of $13.60.

Navigator Holdings (NYSE:NVGS) traded up 0.190% on Friday, reaching $13.175. The company’s stock had a trading volume of 57,024 shares. Navigator Holdings has a one year low of $6.47 and a one year high of $17.48. The firm has a 50-day moving average of $11.97 and a 200-day moving average of $9.29. The company has a market capitalization of $730.37 million, a PE ratio of 16.469 and a beta of 1.25.

Navigator Holdings (NYSE:NVGS) last issued its quarterly earnings data on Wednesday, March 1st. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. The firm earned $75.50 million during the quarter, compared to analyst estimates of $57.35 million. Navigator Holdings had a return on equity of 6.52% and a net margin of 20.45%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. Analysts predict that Navigator Holdings will post $0.74 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Hollow Brook Wealth Management LLC raised its position in shares of Navigator Holdings by 134.1% in the third quarter. Hollow Brook Wealth Management LLC now owns 855,072 shares of the company’s stock worth $6,148,000 after buying an additional 489,875 shares during the last quarter. Steinberg Asset Management LLC raised its position in Navigator Holdings by 48.1% in the third quarter. Steinberg Asset Management LLC now owns 1,179,245 shares of the company’s stock valued at $8,479,000 after buying an additional 383,155 shares in the last quarter. Oceanic Investment Management LTD bought a new position in Navigator Holdings during the fourth quarter valued at approximately $2,272,000. First Manhattan Co. raised its position in Navigator Holdings by 19.5% in the third quarter. First Manhattan Co. now owns 1,125,892 shares of the company’s stock valued at $8,095,000 after buying an additional 183,725 shares in the last quarter. Finally, Paragon Associates & Paragon Associates II Joint Venture raised its position in Navigator Holdings by 11.9% in the fourth quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 1,175,000 shares of the company’s stock valued at $10,928,000 after buying an additional 125,000 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Navigator Holdings Company 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. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.

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