Navios Maritime (NYSE:NM) Lifted to Strong-Buy at

Navios Maritime (NYSE:NMGet Rating) was upgraded by from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Separately, TheStreet raised shares of Navios Maritime from a “d” rating to a “c-” rating in a research note on Friday, February 25th.

NYSE:NM traded down $0.06 during midday trading on Wednesday, hitting $3.79. 347,438 shares of the stock were exchanged, compared to its average volume of 276,782. The company has a market capitalization of $60.25 million, a price-to-earnings ratio of 0.57 and a beta of 1.87. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 26.73. Navios Maritime has a one year low of $2.85 and a one year high of $10.97. The business has a 50-day moving average price of $3.56 and a two-hundred day moving average price of $4.13.

Navios Maritime (NYSE:NMGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The shipping company reported $1.99 EPS for the quarter. Navios Maritime had a return on equity of 6,219.23% and a net margin of 19.92%. The company had revenue of $156.79 million for the quarter.

Several institutional investors have recently made changes to their positions in the company. Natixis purchased a new position in shares of Navios Maritime in the third quarter worth approximately $849,000. Arrowstreet Capital Limited Partnership grew its position in Navios Maritime by 21.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 134,541 shares of the shipping company’s stock worth $642,000 after purchasing an additional 23,619 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Navios Maritime by 1,017.8% in the third quarter. Marshall Wace LLP now owns 464,668 shares of the shipping company’s stock valued at $2,217,000 after purchasing an additional 423,097 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Navios Maritime by 34.7% in the third quarter. Renaissance Technologies LLC now owns 1,096,470 shares of the shipping company’s stock worth $5,230,000 after buying an additional 282,436 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Navios Maritime during the third quarter valued at $389,000. 92.63% of the stock is currently owned by institutional investors.

About Navios Maritime (Get Rating)

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, Australia, Europe, Asia, South America, and internationally. The company operates through two segments, Dry Bulk Vessel Operations and Logistics Business. It focuses on the transportation and transshipment of dry bulk commodities, including iron ores, coal, and grains.

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