Zacks Investment Research Downgrades Navigator (NYSE:NVGS) to Hold

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Zacks Investment Research downgraded shares of Navigator (NYSE:NVGS) from a buy rating to a hold rating in a research report report published on Saturday, 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. “

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Navigator from a buy rating to a hold rating in a report on Monday, August 3rd. TheStreet upgraded shares of Navigator from a d rating to a c- rating in a report on Tuesday, September 1st.

NYSE:NVGS opened at $7.93 on Friday. Navigator has a twelve month low of $3.80 and a twelve month high of $13.99. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $7.85 and a 200-day moving average of $7.67. The firm has a market cap of $443.33 million, a price-to-earnings ratio of -41.74 and a beta of 2.32.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Thursday, November 12th. The shipping company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.10). Navigator had a negative net margin of 3.56% and a negative return on equity of 0.16%. On average, research analysts forecast that Navigator will post 0.32 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gagnon Securities LLC lifted its position in shares of Navigator by 35.1% in the second quarter. Gagnon Securities LLC now owns 1,705,061 shares of the shipping company’s stock worth $10,964,000 after purchasing an additional 442,589 shares in the last quarter. Paragon Associates & Paragon Associates II Joint Venture raised its position in Navigator by 3.6% during the third quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 1,365,000 shares of the shipping company’s stock valued at $11,411,000 after acquiring an additional 47,099 shares in the last quarter. Royce & Associates LP raised its position in Navigator by 2.0% during the third quarter. Royce & Associates LP now owns 1,244,481 shares of the shipping company’s stock valued at $10,404,000 after acquiring an additional 24,500 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Navigator by 38.4% during the third quarter. Gamco Investors INC. ET AL now owns 374,346 shares of the shipping company’s stock valued at $3,130,000 after acquiring an additional 103,846 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Navigator by 41.1% during the second quarter. HighTower Advisors LLC now owns 289,560 shares of the shipping company’s stock valued at $1,854,000 after acquiring an additional 84,385 shares in the last quarter. 66.87% of the stock is owned by institutional investors and hedge funds.

About Navigator

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 December 31, 2019, it operated a fleet of 38 semi- or fully-refrigerated liquefied gas carriers.

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