Navios Maritime Holdings Inc. (NYSE:NM) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC increased its position in shares of Navios Maritime Holdings Inc. (NYSE:NM) by 9.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,919,702 shares of the shipping company’s stock after buying an additional 170,900 shares during the period. Renaissance Technologies LLC’s holdings in Navios Maritime Holdings were worth $3,590,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in NM. Parametric Portfolio Associates LLC boosted its stake in Navios Maritime Holdings by 8.3% in the first quarter. Parametric Portfolio Associates LLC now owns 2,776,233 shares of the shipping company’s stock worth $5,192,000 after buying an additional 212,145 shares in the last quarter. Horseman Capital Management Ltd bought a new stake in Navios Maritime Holdings during the first quarter worth about $1,834,000. Finally, Phoenix Investment Adviser LLC boosted its stake in Navios Maritime Holdings by 37.5% in the first quarter. Phoenix Investment Adviser LLC now owns 288,700 shares of the shipping company’s stock worth $540,000 after buying an additional 78,700 shares in the last quarter. 19.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Navios Maritime Holdings Inc. (NM) traded up 1.61% during midday trading on Thursday, reaching $1.26. 32,584 shares of the company’s stock traded hands. The stock’s 50 day moving average is $1.23 and its 200-day moving average is $1.55. The company’s market capitalization is $145.11 million. Navios Maritime Holdings Inc. has a 52 week low of $0.86 and a 52 week high of $2.40.
Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.07. Navios Maritime Holdings had a negative net margin of 20.55% and a negative return on equity of 13.28%. The firm had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $104.31 million. During the same quarter in the prior year, the business earned ($0.11) EPS. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts forecast that Navios Maritime Holdings Inc. will post ($0.94) earnings per share for the current fiscal year.
NM has been the topic of a number of research analyst reports. ValuEngine cut shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 22nd. Zacks Investment Research raised shares of Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Wednesday, April 26th. Finally, Citigroup Inc. dropped their price target on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating on the stock in a research note on Thursday, May 25th.
Navios Maritime Holdings Company Profile
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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