Short Interest in Navigator Holdings Ltd (NYSE:NVGS) Increases By 25.3%

Navigator Holdings Ltd (NYSE:NVGS) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 327,900 shares, an increase of 25.3% from the July 15th total of 261,700 shares. Based on an average daily volume of 127,500 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.1% of the shares of the company are short sold.

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new stake in Navigator during the second quarter worth about $32,000. Deutsche Bank AG grew its holdings in Navigator by 44.6% during the fourth quarter. Deutsche Bank AG now owns 7,406 shares of the shipping company’s stock worth $69,000 after acquiring an additional 2,286 shares during the period. GSA Capital Partners LLP acquired a new stake in Navigator during the second quarter worth about $103,000. Osborn Williams & Donohoe LLC acquired a new stake in Navigator during the first quarter worth about $132,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in Navigator by 34.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 19,795 shares of the shipping company’s stock worth $185,000 after acquiring an additional 5,117 shares during the period. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on NVGS. TheStreet cut Navigator from a “c-” rating to a “d+” rating in a research note on Thursday, August 1st. ValuEngine upgraded Navigator from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co upgraded Navigator from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $13.50 to $15.00 in a research note on Thursday, July 25th. Zacks Investment Research cut Navigator from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI set a $15.00 price objective on Navigator and gave the stock a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.60.

Navigator stock traded up $0.17 during midday trading on Wednesday, hitting $9.41. 37,200 shares of the company were exchanged, compared to its average volume of 106,561. The firm has a market capitalization of $524.82 million, a PE ratio of -188.20 and a beta of 1.06. Navigator has a fifty-two week low of $8.70 and a fifty-two week high of $12.73. The business has a fifty day simple moving average of $9.94 and a two-hundred day simple moving average of $10.37. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.98.

Navigator (NYSE:NVGS) last posted its earnings results on Thursday, August 8th. The shipping company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08). The company had revenue of $73.59 million for the quarter, compared to analyst estimates of $61.66 million. Navigator had a negative return on equity of 1.20% and a negative net margin of 4.62%. The firm’s revenue was up .6% on a year-over-year basis. During the same period last year, the business earned ($0.06) earnings per share. As a group, equities analysts expect that Navigator will post -0.18 earnings per share for the current year.

About Navigator

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.

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