Northern Trust Corp Buys 303,090 Shares of Navigator Holdings Ltd. (NVGS)
Northern Trust Corp boosted its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 518.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 361,541 shares of the shipping company’s stock after purchasing an additional 303,090 shares during the quarter. Northern Trust Corp owned approximately 0.65% of Navigator Holdings worth $3,001,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in Navigator Holdings during the 1st quarter worth about $109,000. Bronfman E.L. Rothschild L.P. increased its holdings in Navigator Holdings by 13.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 12,865 shares of the shipping company’s stock worth $107,000 after purchasing an additional 1,510 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in Navigator Holdings during the 2nd quarter worth about $208,000. Karp Capital Management Corp purchased a new stake in Navigator Holdings during the 2nd quarter worth about $278,000. Finally, Renaissance Technologies LLC increased its holdings in Navigator Holdings by 25.9% during the 1st quarter. Renaissance Technologies LLC now owns 66,200 shares of the shipping company’s stock worth $910,000 after purchasing an additional 13,600 shares during the period. Institutional investors own 67.16% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Navigator Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 price objective on shares of Navigator Holdings in a report on Thursday, August 31st. BidaskClub downgraded Navigator Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of Navigator Holdings in a report on Tuesday, August 29th. Finally, Maxim Group set a $17.00 price objective on Navigator Holdings and gave the company a “buy” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Navigator Holdings has a consensus rating of “Hold” and an average target price of $12.60.
Navigator Holdings Ltd. (NYSE NVGS) traded up $0.55 on Friday, hitting $10.75. The stock had a trading volume of 65,619 shares, compared to its average volume of 193,356. Navigator Holdings Ltd. has a fifty-two week low of $7.00 and a fifty-two week high of $14.75. The stock has a market cap of $566.42, a P/E ratio of 39.23, a P/E/G ratio of 7.43 and a beta of 1.05. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77.
Navigator Holdings (NYSE:NVGS) last released its quarterly earnings data on Wednesday, November 8th. The shipping company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $70.21 million during the quarter, compared to analysts’ expectations of $59.65 million. Navigator Holdings had a net margin of 3.88% and a return on equity of 1.49%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. analysts forecast that Navigator Holdings Ltd. will post 0.15 EPS for the current year.
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Navigator Holdings 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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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