Jefferies Group assumed coverage on shares of Navios Maritime Partners (NYSE:NMM) in a report issued on Monday. The firm issued a buy rating and a $2.00 price target on the shipping company’s stock.

A number of other analysts also recently commented on NMM. Stifel Nicolaus reissued a hold rating and issued a $2.25 price objective on shares of Navios Maritime Partners in a research note on Friday, September 1st. Zacks Investment Research raised Navios Maritime Partners from a hold rating to a buy rating and set a $2.25 price objective on the stock in a research note on Friday, October 13th. Citigroup boosted their price objective on 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 Navios Maritime Partners from a d+ rating to a c- rating in a research note on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Navios Maritime Partners presently has an average rating of Hold and a consensus price target of $2.19.

Navios Maritime Partners (NYSE:NMM) opened at $2.34 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.39 and a current ratio of 1.39. Navios Maritime Partners has a 12-month low of $1.40 and a 12-month high of $2.65. The stock has a market capitalization of $338.46, a price-to-earnings ratio of 13.47 and a beta of 1.85.

Several institutional investors and hedge funds have recently bought and sold shares of NMM. Renaissance Technologies LLC raised its position in shares of Navios Maritime Partners by 905.0% during the first quarter. Renaissance Technologies LLC now owns 776,808 shares of the shipping company’s stock worth $1,608,000 after purchasing an additional 699,514 shares during the period. JPMorgan Chase & Co. raised its position in shares of Navios Maritime Partners by 17.6% during the third 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. acquired a new stake in shares of Navios Maritime Partners during the third quarter worth $320,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Navios Maritime Partners during the second quarter worth $188,000. Finally, Sound Point Capital Management LP raised its position in shares of Navios Maritime Partners by 7.7% during the second quarter. Sound Point Capital Management LP now owns 1,094,891 shares of the shipping company’s stock worth $1,741,000 after purchasing an additional 78,743 shares during the period. 15.31% of the stock is currently owned by institutional investors.

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About Navios Maritime Partners

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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