Navios Maritime Holdings Inc. (NYSE:NM) shares were up 7.1% during trading on Friday . The company traded as high as $1.37 and last traded at $1.35. Approximately 801,100 shares were traded during trading, a decline of 12% from the average daily volume of 910,289 shares. The stock had previously closed at $1.26.

A number of research analysts have recently commented on NM shares. ValuEngine lowered Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 22nd. Zacks Investment Research lowered Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Clarkson Capital lowered Navios Maritime Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $1.63.

The company has a debt-to-equity ratio of 2.32, a current ratio of 1.02 and a quick ratio of 0.91.

Navios Maritime Holdings (NYSE:NM) last issued its quarterly earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. The company had revenue of $118.60 million for the quarter, compared to analyst estimates of $114.27 million. Navios Maritime Holdings had a negative return on equity of 16.83% and a negative net margin of 20.64%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned ($0.29) earnings per share. equities research analysts anticipate that Navios Maritime Holdings Inc. will post -0.82 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in Navios Maritime Holdings by 9.8% during the first quarter. Renaissance Technologies LLC now owns 1,919,702 shares of the shipping company’s stock worth $3,590,000 after acquiring an additional 170,900 shares during the period. Goldman Sachs Group Inc. grew its holdings in Navios Maritime Holdings by 254.4% during the first quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock worth $1,605,000 after acquiring an additional 615,981 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in Navios Maritime Holdings during the second quarter worth about $232,000. Rhumbline Advisers acquired a new position in Navios Maritime Holdings during the second quarter worth about $107,000. Finally, Bank of New York Mellon Corp acquired a new position in Navios Maritime Holdings during the second quarter worth about $341,000. 21.22% of the stock is currently owned by institutional investors.

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About Navios Maritime Holdings

Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.

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