Navios Maritime Holdings Inc. (NYSE:NM) had its target price reduced by Citigroup Inc from $1.50 to $1.25 in a research note issued on Thursday. The firm presently has a “sell” rating on the shipping company’s stock. Citigroup Inc’s price target suggests a potential upside of 7.76% from the company’s previous close.

Several other research analysts also recently weighed in on NM. Zacks Investment Research upgraded shares of Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Tuesday, February 21st. Credit Suisse Group AG restated a “neutral” rating on shares of Navios Maritime Holdings in a research note on Wednesday, February 22nd.

Shares of Navios Maritime Holdings (NYSE:NM) traded down 5.69% during midday trading on Thursday, hitting $1.16. 1,538,654 shares of the stock were exchanged. Navios Maritime Holdings has a 12-month low of $0.70 and a 12-month high of $2.40. The firm has a 50 day moving average of $1.64 and a 200 day moving average of $1.67. The firm’s market cap is $130.65 million.

Navios Maritime Holdings (NYSE:NM) last announced its earnings results on Wednesday, May 24th. The shipping company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.30) by $0.07. The firm had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $104.31 million. Navios Maritime Holdings had a negative net margin of 31.91% and a negative return on equity of 8.83%. Navios Maritime Holdings’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) earnings per share. Equities analysts forecast that Navios Maritime Holdings will post ($0.94) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP increased its position in shares of Navios Maritime Holdings by 18.0% in the fourth quarter. Royce & Associates LP now owns 1,623,449 shares of the shipping company’s stock valued at $2,289,000 after buying an additional 247,100 shares during the period. Warlander Asset Management LP purchased a new position in shares of Navios Maritime Holdings during the fourth quarter valued at $3,757,000. Renaissance Technologies LLC increased its position in shares of Navios Maritime Holdings by 37.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,802 shares of the shipping company’s stock valued at $2,466,000 after buying an additional 475,200 shares during the period. Raging Capital Management LLC purchased a new position in shares of Navios Maritime Holdings during the fourth quarter valued at $1,076,000. Finally, Horseman Capital Management Ltd purchased a new position in shares of Navios Maritime Holdings during the first quarter valued at $1,834,000. Institutional investors and hedge funds own 11.31% of the company’s stock.

About Navios Maritime Holdings

Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.

12 Month Chart for NYSE:NM

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