Shares of Navigator Holdings Ltd. (NYSE:NVGS – Get Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.94 and traded as low as $11.57. Navigator shares last traded at $11.92, with a volume of 99,752 shares trading hands.
Analyst Upgrades and Downgrades
NVGS has been the topic of several recent analyst reports. StockNews.com upgraded shares of Navigator from a "hold" rating to a "buy" rating in a research report on Friday, June 3rd. Jefferies Financial Group assumed coverage on shares of Navigator in a report on Wednesday, July 20th. They issued a "buy" rating and a $15.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Navigator from $18.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, June 2nd. Finally, Clarkson Capital reiterated a "buy" rating on shares of Navigator in a report on Tuesday, June 14th.
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Navigator Stock Performance
The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. The business's 50 day moving average is $11.31 and its 200 day moving average is $11.94. The stock has a market capitalization of $919.99 million, a PE ratio of 596.30 and a beta of 1.87.
Navigator (NYSE:NVGS – Get Rating) last released its quarterly earnings results on Thursday, August 18th. The shipping company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. Navigator had a net
margin of 0.17% and a return on equity of 4.37%. During the same quarter in the previous year, the firm posted $0.01 earnings per share. On average, equities research analysts predict that Navigator Holdings Ltd. will post 0.79 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Navigator
Large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new stake in Navigator in the 4th quarter valued at about $74,000. MQS Management LLC bought a new stake in shares of Navigator in the 2nd quarter valued at about $115,000. Gunderson Capital Management Inc. bought a new stake in shares of Navigator in the 2nd quarter valued at about $138,000. 1492 Capital Management LLC bought a new stake in shares of Navigator in the 1st quarter valued at about $170,000. Finally, PDT Partners LLC raised its holdings in shares of Navigator by 20.4% in the 1st quarter. PDT Partners LLC now owns 14,088 shares of the shipping company's stock valued at $172,000 after purchasing an additional 2,388 shares in the last quarter. 24.67% of the stock is owned by hedge funds and other institutional investors.
About Navigator
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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 April 14, 2022, it operated a fleet of 53 semi- or fully-refrigerated liquefied gas carriers.
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