Navios Maritime Holdings Inc. (NM) Bond Prices Rise 1.3%

An issue of Navios Maritime Holdings Inc. (NYSE:NM) debt rose 1.3% as a percentage of its face value during trading on Wednesday. The 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 $93.00 and were trading at $92.00 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

A number of equities research analysts have commented on NM shares. Zacks Investment Research raised shares of Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research report on Wednesday, April 26th. ValuEngine downgraded shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Finally, Citigroup Inc. dropped their price objective on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating on the stock in a research report on Thursday, May 25th.

Navios Maritime Holdings Inc. (NYSE NM) opened at 1.29 on Friday. Navios Maritime Holdings Inc. has a 52-week low of $0.86 and a 52-week high of $2.40. The stock’s market capitalization is $148.57 million. The company has a 50 day moving average of $1.24 and a 200-day moving average of $1.52.

Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by $0.07. The company had revenue of $95.30 million during the quarter, compared to analyst estimates of $104.31 million. Navios Maritime Holdings had a negative net margin of 20.55% and a negative return on equity of 13.28%. The company’s revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) earnings per share. Equities research analysts anticipate that Navios Maritime Holdings Inc. will post ($0.94) EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System bought a new stake in Navios Maritime Holdings during the second quarter valued at about $218,000. State Street Corp boosted its stake in Navios Maritime Holdings by 2,467.0% in the second quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock valued at $1,388,000 after buying an additional 973,416 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Navios Maritime Holdings by 2.8% in the second quarter. Goldman Sachs Group Inc. now owns 881,941 shares of the shipping company’s stock valued at $1,208,000 after buying an additional 23,789 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in Navios Maritime Holdings during the second quarter valued at about $250,000. Finally, Advisor Group Inc. boosted its stake in Navios Maritime Holdings by 3.9% in the second quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock valued at $1,555,000 after buying an additional 42,750 shares in the last quarter. 20.12% of the stock is currently owned by hedge funds and other institutional investors.

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Navios Maritime Holdings Company Profile

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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