First Manhattan Co. Increases Stake in Navigator Holdings Ltd. (NVGS)

First Manhattan Co. lifted its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 545,400 shares of the shipping company’s stock after acquiring an additional 16,400 shares during the period. First Manhattan Co. owned 0.98% of Navigator Holdings worth $6,053,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NVGS. Northern Trust Corp grew its position in shares of Navigator Holdings by 518.5% during the second quarter. Northern Trust Corp now owns 361,541 shares of the shipping company’s stock worth $3,001,000 after acquiring an additional 303,090 shares during the last quarter. Evergreen Capital Management LLC grew its position in shares of Navigator Holdings by 71.6% during the second quarter. Evergreen Capital Management LLC now owns 405,865 shares of the shipping company’s stock worth $3,369,000 after acquiring an additional 169,410 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Navigator Holdings by 4.2% during the second quarter. Oppenheimer & Co. Inc. now owns 1,707,707 shares of the shipping company’s stock worth $14,174,000 after acquiring an additional 68,902 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of Navigator Holdings by 10.2% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 736,450 shares of the shipping company’s stock worth $6,113,000 after acquiring an additional 68,000 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Navigator Holdings by 1,413.7% during the second quarter. Tower Research Capital LLC TRC now owns 36,419 shares of the shipping company’s stock worth $302,000 after acquiring an additional 34,013 shares during the last quarter. Institutional investors and hedge funds own 66.85% of the company’s stock.

NVGS has been the topic of a number of research reports. Jefferies Group LLC restated a “buy” rating and set a $15.00 target price on shares of Navigator Holdings in a research report on Tuesday, August 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 price objective on shares of Navigator Holdings in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of Navigator Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. Morgan Stanley lifted their price objective on shares of Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Monday, July 17th. Finally, BidaskClub lowered shares of Navigator Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $13.10.

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Navigator Holdings (NYSE:NVGS) last announced its earnings results on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. The company had revenue of $74.40 million for the quarter, compared to analysts’ expectations of $62.41 million. During the same period in the prior year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis.

Navigator Holdings Profile

Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.

Institutional Ownership by Quarter for Navigator Holdings (NYSE:NVGS)

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