ValuEngine upgraded shares of Navios Maritime Holdings Inc. (NYSE:NM) from a sell rating to a hold rating in a research report released on Friday.

Several other equities analysts also recently commented on NM. Zacks Investment Research upgraded Navios Maritime Holdings from a sell rating to a hold rating in a research report on Wednesday, April 12th. Citigroup Inc. lowered their price objective on Navios Maritime Holdings from $1.50 to $1.25 and set a sell rating on the stock in a research report on Thursday, May 25th.

Navios Maritime Holdings (NM) opened at 1.23 on Friday. The company’s market capitalization is $141.66 million. Navios Maritime Holdings has a 52 week low of $0.86 and a 52 week high of $2.40. The firm has a 50-day moving average price of $1.21 and a 200-day moving average price of $1.57.

Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings data on Wednesday, May 24th. The shipping company reported ($0.37) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $104.31 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. Navios Maritime Holdings’s revenue was down 6.1% on a year-over-year basis. Analysts anticipate that Navios Maritime Holdings will post ($0.94) EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in NM. Renaissance Technologies LLC increased its position in shares of Navios Maritime Holdings by 37.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,802 shares of the shipping company’s stock valued at $2,466,000 after buying an additional 475,200 shares during the last quarter. Horseman Capital Management Ltd purchased a new stake in Navios Maritime Holdings during the first quarter worth approximately $1,834,000. Parametric Portfolio Associates LLC increased 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. Phoenix Investment Adviser LLC increased 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. Finally, Goldman Sachs Group Inc. increased its stake in Navios Maritime Holdings by 254.4% in the first quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock worth $1,605,000 after buying an additional 615,981 shares in the last quarter. Institutional investors and hedge funds own 19.70% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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