Navigator (NYSE:NVGS) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of Navigator (NYSE:NVGSGet Rating) from a buy rating to a hold rating in a research note released on Wednesday morning.

Navigator Stock Down 1.6 %

NYSE:NVGS opened at $12.50 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a fifty day simple moving average of $12.08 and a two-hundred day simple moving average of $12.03. Navigator has a 12 month low of $7.89 and a 12 month high of $15.21.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NVGS. Zweig DiMenna Associates LLC lifted its stake in shares of Navigator by 134.9% in the second quarter. Zweig DiMenna Associates LLC now owns 387,615 shares of the shipping company’s stock valued at $4,376,000 after buying an additional 222,615 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Navigator by 431.6% in the second quarter. Millennium Management LLC now owns 239,661 shares of the shipping company’s stock valued at $2,706,000 after buying an additional 194,577 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Navigator by 93.6% in the first quarter. First Eagle Investment Management LLC now owns 204,063 shares of the shipping company’s stock valued at $2,492,000 after buying an additional 98,649 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Navigator by 14.5% in the first quarter. Gamco Investors INC. ET AL now owns 586,001 shares of the shipping company’s stock valued at $7,155,000 after buying an additional 74,000 shares in the last quarter. Finally, Roubaix Capital LLC lifted its stake in shares of Navigator by 29.6% in the second quarter. Roubaix Capital LLC now owns 288,207 shares of the shipping company’s stock valued at $3,254,000 after buying an additional 65,888 shares in the last quarter. 24.67% of the stock is 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.

Further Reading

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