Navigator (NYSE:NVGS) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Navigator (NYSE:NVGSGet Rating) from a sell rating to a hold rating in a report issued on Friday morning, Zacks.com reports.

According to Zacks, “Navigator Holdings Ltd. provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. Navigator Holdings Ltd. is based in London, the United Kingdom. “

NVGS has been the topic of several other reports. Jefferies Financial Group assumed coverage on Navigator in a report on Wednesday, April 27th. They issued a buy rating on the stock. StockNews.com cut Navigator from a buy rating to a hold rating in a report on Thursday, May 12th.

NYSE:NVGS opened at $13.56 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.69. The business’s 50-day simple moving average is $12.98 and its two-hundred day simple moving average is $10.65. The stock has a market cap of $1.05 billion, a PE ratio of -30.13 and a beta of 1.95. Navigator has a 52 week low of $7.84 and a 52 week high of $14.40.

Navigator (NYSE:NVGSGet Rating) last issued its earnings results on Monday, May 23rd. The shipping company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.13. Navigator had a positive return on equity of 2.64% and a negative net margin of 9.20%. During the same period in the previous year, the business earned $0.05 EPS. Sell-side analysts anticipate that Navigator will post 1.19 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in Navigator in the fourth quarter worth approximately $74,000. American Trust bought a new position in Navigator in the fourth quarter worth approximately $149,000. Virtu Financial LLC bought a new position in Navigator in the fourth quarter worth approximately $165,000. 1492 Capital Management LLC bought a new position in Navigator in the first quarter worth approximately $170,000. Finally, PDT Partners LLC increased its position in shares of Navigator by 20.4% during the first quarter. PDT Partners LLC now owns 14,088 shares of the shipping company’s stock worth $172,000 after purchasing an additional 2,388 shares in the last quarter. 32.38% of the stock is currently owned by institutional investors.

About Navigator (Get Rating)

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of April 14, 2022, it operated a fleet of 53 semi- or fully-refrigerated liquefied gas carriers.

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