StockNews.com Lowers Navios Maritime Partners (NYSE:NMM) to Hold

Navios Maritime Partners (NYSE:NMMGet Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, TheStreet raised Navios Maritime Partners from a “c” rating to a “b-” rating in a research report on Wednesday, August 3rd.

Navios Maritime Partners Stock Performance

Shares of NMM stock opened at $25.60 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94. Navios Maritime Partners has a fifty-two week low of $19.71 and a fifty-two week high of $37.16. The stock’s 50-day moving average is $25.74 and its two-hundred day moving average is $26.42. The firm has a market cap of $773.04 million, a P/E ratio of 1.36 and a beta of 2.08.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NMM. Commonwealth Equity Services LLC increased its holdings in shares of Navios Maritime Partners by 2.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 131,450 shares of the shipping company’s stock valued at $4,627,000 after acquiring an additional 3,087 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Navios Maritime Partners by 360.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 50,539 shares of the shipping company’s stock valued at $2,014,000 after acquiring an additional 39,565 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Navios Maritime Partners during the 1st quarter valued at about $27,000. GMT Capital Corp acquired a new position in shares of Navios Maritime Partners during the 1st quarter valued at about $20,932,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Navios Maritime Partners in the 1st quarter valued at approximately $329,000. Institutional investors and hedge funds own 10.98% of the company’s stock.

Navios Maritime Partners Company Profile

(Get Rating)

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as provides its vessels under short, medium, and longer-term charters.

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