TheStreet Downgrades Navios Maritime (NYSE:NM) to D+

Navios Maritime (NYSE:NM – Get Rating) was downgraded by TheStreet from a “c” rating to a “d+” rating in a report released on Thursday, TheStreetRatingsTable reports.

Separately, StockNews.com lowered shares of Navios Maritime from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 12th.

Shares of NYSE NM opened at $3.30 on Thursday. The stock has a fifty day moving average price of $3.58 and a 200 day moving average price of $3.81. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 16.34. Navios Maritime has a 12-month low of $2.85 and a 12-month high of $9.59. The company has a market cap of $52.47 million, a P/E ratio of 0.52 and a beta of 1.74.

Navios Maritime (NYSE:NM – Get Rating) last posted its earnings results on Thursday, May 19th. The shipping company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($2.19). Navios Maritime had a net margin of 18.69% and a return on equity of 442.75%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in Navios Maritime by 34.7% in the third quarter. Renaissance Technologies LLC now owns 1,096,470 shares of the shipping company’s stock valued at $5,230,000 after acquiring an additional 282,436 shares in the last quarter. Gratia Capital LLC raised its stake in shares of Navios Maritime by 25.5% in the 4th quarter. Gratia Capital LLC now owns 541,932 shares of the shipping company’s stock valued at $2,000,000 after purchasing an additional 110,000 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Navios Maritime by 1,017.8% during the third quarter. Marshall Wace LLP now owns 464,668 shares of the shipping company’s stock worth $2,217,000 after purchasing an additional 423,097 shares during the last quarter. Owl Creek Asset Management L.P. grew its stake in Navios Maritime by 100.6% in the fourth quarter. Owl Creek Asset Management L.P. now owns 369,600 shares of the shipping company’s stock worth $1,364,000 after purchasing an additional 185,371 shares in the last quarter. Finally, Natixis bought a new stake in Navios Maritime in the third quarter valued at about $849,000. 89.00% of the stock is owned by hedge funds and other 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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