Navigator Holdings Ltd. (NYSE:NVGS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Navigator Holdings Ltd. provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. Navigator Holdings Ltd. is based in London, the United Kingdom. “

Other analysts have also issued research reports about the company. Jefferies Group reissued a “buy” rating and set a $15.00 price objective on shares of Navigator Holdings in a report on Wednesday, August 10th. Stifel Nicolaus decreased their price target on Navigator Holdings from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, July 22nd. Finally, Morgan Stanley lowered Navigator Holdings from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $14.50 to $7.00 in a research note on Thursday, August 25th. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Navigator Holdings has a consensus rating of “Hold” and a consensus target price of $13.33.

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Navigator Holdings (NYSE:NVGS) opened at 7.25 on Wednesday. Navigator Holdings has a 12-month low of $6.47 and a 12-month high of $17.67. The firm has a market capitalization of $401.92 million, a price-to-earnings ratio of 5.18 and a beta of 1.15. The company’s 50-day moving average price is $7.15 and its 200-day moving average price is $11.26.

Navigator Holdings (NYSE:NVGS) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Navigator Holdings had a return on equity of 8.42% and a net margin of 25.18%. The firm had revenue of $72.54 million for the quarter, compared to analyst estimates of $70.75 million. During the same period in the previous year, the business posted $0.49 EPS. Navigator Holdings’s revenue for the quarter was down 13.8% compared to the same quarter last year. Equities analysts expect that Navigator Holdings will post $0.82 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. raised its stake in shares of Navigator Holdings by 1.9% in the second quarter. Baird Financial Group Inc. now owns 195,288 shares of the company’s stock valued at $2,246,000 after buying an additional 3,723 shares in the last quarter. Huntington Asset Advisors Inc. acquired a new position in Navigator Holdings during the first quarter worth approximately $123,000. Acadian Asset Management LLC raised its position in Navigator Holdings by 357.9% in the second quarter. Acadian Asset Management LLC now owns 10,778 shares of the company’s stock worth $124,000 after buying an additional 8,424 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new position in Navigator Holdings during the second quarter worth approximately $138,000. Finally, Trexquant Investment LP raised its position in Navigator Holdings by 21.9% in the second quarter. Trexquant Investment LP now owns 67,100 shares of the company’s stock worth $772,000 after buying an additional 12,061 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Navigator Holdings Company 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. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.

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