Wells Fargo & Company MN Grows Stake in Navigator Holdings Ltd (NVGS)

Wells Fargo & Company MN raised its position in Navigator Holdings Ltd (NYSE:NVGS) by 50.9% during the third quarter, HoldingsChannel.com reports. The firm owned 310,341 shares of the shipping company’s stock after buying an additional 104,731 shares during the quarter. Wells Fargo & Company MN’s holdings in Navigator were worth $3,445,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its holdings in shares of Navigator by 13.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,930,167 shares of the shipping company’s stock valued at $21,425,000 after buying an additional 222,460 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Navigator by 22.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 50,368 shares of the shipping company’s stock valued at $559,000 after buying an additional 9,101 shares during the period. Frontier Capital Management Co. LLC purchased a new stake in shares of Navigator during the 3rd quarter valued at about $4,489,000. First Manhattan Co. raised its holdings in shares of Navigator by 3.1% during the 3rd quarter. First Manhattan Co. now owns 545,400 shares of the shipping company’s stock valued at $6,053,000 after buying an additional 16,400 shares during the period. Finally, NFC Investments LLC raised its holdings in shares of Navigator by 1.7% during the 2nd quarter. NFC Investments LLC now owns 348,665 shares of the shipping company’s stock valued at $2,894,000 after buying an additional 5,725 shares during the period. Institutional investors and hedge funds own 69.05% of the company’s stock.

Shares of Navigator Holdings Ltd (NYSE NVGS) opened at $10.20 on Wednesday. The company has a market capitalization of $594.10, a PE ratio of 48.57, a P/E/G ratio of 4.36 and a beta of 1.03. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. Navigator Holdings Ltd has a twelve month low of $7.00 and a twelve month high of $14.75.

Navigator (NYSE:NVGS) last announced its earnings results on Wednesday, November 8th. The shipping company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Navigator had a net margin of 3.88% and a return on equity of 1.49%. The company had revenue of $70.21 million for the quarter, compared to analysts’ expectations of $59.65 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. research analysts predict that Navigator Holdings Ltd will post 0.15 earnings per share for the current year.

Several brokerages recently commented on NVGS. Jefferies Group began coverage on Navigator in a report on Monday, December 18th. They set a “buy” rating and a $15.00 target price on the stock. Maxim Group dropped their target price on Navigator from $17.00 to $14.50 and set a “buy” rating on the stock in a report on Thursday, November 9th. BidaskClub downgraded Navigator from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research downgraded Navigator from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $12.60.

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Navigator 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.

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Institutional Ownership by Quarter for Navigator (NYSE:NVGS)

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