Zacks Investment Research Upgrades Navios Maritime Acquisition (NNA) to “Hold”

Navios Maritime Acquisition (NYSE:NNA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Navios Maritime Acquisition Corporation provides marine transportation services. It is an owner and operator of tanker vessels focusing in the transportation of petroleum products and bulk liquid chemicals. The company focuses on chartering its vessels to international oil companies, refiners, and vessel operators under long, medium, and short-term charters. Navios Maritime Acquisition Corporation is headquartered in Piraeus, Greece. “

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus set a $2.00 price objective on shares of Navios Maritime Acquisition and gave the company a “buy” rating in a research report on Sunday, October 29th. ValuEngine lowered shares of Navios Maritime Acquisition from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Navios Maritime Acquisition has a consensus rating of “Hold” and a consensus price target of $1.63.

Navios Maritime Acquisition (NNA) opened at $1.13 on Thursday. The firm has a market cap of $170.66, a PE ratio of -3.65 and a beta of 1.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.12. Navios Maritime Acquisition has a 1 year low of $1.08 and a 1 year high of $2.11.

Several institutional investors have recently modified their holdings of the company. Northern Trust Corp boosted its holdings in Navios Maritime Acquisition by 124.4% in the second quarter. Northern Trust Corp now owns 2,315,549 shares of the shipping company’s stock valued at $3,404,000 after acquiring an additional 1,283,455 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Navios Maritime Acquisition by 53.6% during the 2nd quarter. Stifel Financial Corp now owns 1,119,934 shares of the shipping company’s stock valued at $1,638,000 after buying an additional 390,870 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Navios Maritime Acquisition by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 228,238 shares of the shipping company’s stock valued at $335,000 after buying an additional 1,199 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Navios Maritime Acquisition by 14.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 234,510 shares of the shipping company’s stock valued at $344,000 after buying an additional 30,361 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its holdings in shares of Navios Maritime Acquisition by 127.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 111,311 shares of the shipping company’s stock valued at $164,000 after buying an additional 62,454 shares in the last quarter. Hedge funds and other institutional investors own 19.09% of the company’s stock.

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Navios Maritime Acquisition Company Profile

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.

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