An issue of Navios Maritime Holdings Inc. (NYSE:NM) debt rose 2.7% as a percentage of its face value during trading on Thursday. The high-yield debt issue has a 8.125% coupon and is set to mature on February 15, 2019. The bonds in the issue are now trading at $88.13 and were trading at $86.00 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.
Several analysts have weighed in on NM shares. Zacks Investment Research downgraded shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, January 4th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Navios Maritime Holdings in a research note on Wednesday, February 22nd.
Shares of Navios Maritime Holdings Inc. (NYSE:NM) traded up 0.4121% during trading on Friday, hitting $1.8275. 502,151 shares of the company traded hands. Navios Maritime Holdings Inc. has a 52 week low of $0.57 and a 52 week high of $2.40. The company’s market capitalization is $202.79 million. The company has a 50 day moving average price of $1.77 and a 200 day moving average price of $1.59.
Navios Maritime Holdings (NYSE:NM) last announced its earnings results on Wednesday, February 22nd. The shipping company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by $0.01. The business had revenue of $99.50 million for the quarter, compared to analysts’ expectations of $111.75 million. Navios Maritime Holdings had a negative return on equity of 8.83% and a negative net margin of 31.91%. The business’s revenue was down 11.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.30) earnings per share. On average, analysts expect that Navios Maritime Holdings Inc. will post ($0.94) earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Raging Capital Management LLC acquired a new position in shares of Navios Maritime Holdings during the fourth quarter worth about $1,076,000. Renaissance Technologies LLC raised its position in shares of Navios Maritime Holdings by 37.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,802 shares of the shipping company’s stock worth $2,466,000 after buying an additional 475,200 shares during the period. Warlander Asset Management LP purchased a new position in Navios Maritime Holdings during the fourth quarter worth $3,757,000. Finally, Royce & Associates LP raised its position in Navios Maritime Holdings by 18.0% in the fourth quarter. Royce & Associates LP now owns 1,623,449 shares of the shipping company’s stock worth $2,289,000 after buying an additional 247,100 shares during the period. Institutional investors and hedge funds own 11.31% of the company’s stock.
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About Navios Maritime Holdings
Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.
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