Navios Maritime Holdings Inc. (NYSE:NM) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Navios Maritime Holdings from a “strong sell” rating to a “hold” rating in a report on Friday. Citigroup Inc. lowered their price objective on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating on the stock in a report on Thursday, May 25th.

Navios Maritime Holdings (NM) opened at 1.13 on Friday. The stock’s 50 day moving average is $1.20 and its 200 day moving average is $1.59. The firm’s market cap is $130.14 million. Navios Maritime Holdings has a 52 week low of $0.86 and a 52 week high of $2.40.

Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings data on Wednesday, May 24th. The shipping company reported ($0.37) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.30) by $0.07. Navios Maritime Holdings had a negative net margin of 20.55% and a negative return on equity of 13.28%. The business had revenue of $95.30 million during the quarter, compared to analyst estimates of $104.31 million. During the same quarter last year, the business earned ($0.11) earnings per share. Navios Maritime Holdings’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts expect that Navios Maritime Holdings will post ($0.94) EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/07/22/navios-maritime-holdings-inc-nysenm-stock-rating-lowered-by-valuengine.html.

Institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC increased its position in shares of Navios Maritime Holdings by 8.3% in the first quarter. Parametric Portfolio Associates LLC now owns 2,776,233 shares of the shipping company’s stock worth $5,192,000 after buying an additional 212,145 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Navios Maritime Holdings by 9.8% in the first quarter. Renaissance Technologies LLC now owns 1,919,702 shares of the shipping company’s stock worth $3,590,000 after buying an additional 170,900 shares during the last quarter. Horseman Capital Management Ltd purchased a new position in shares of Navios Maritime Holdings during the first quarter worth $1,834,000. Goldman Sachs Group Inc. increased its position in shares of Navios Maritime Holdings by 254.4% in the first quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock worth $1,605,000 after buying an additional 615,981 shares during the last quarter. Finally, Phoenix Investment Adviser LLC increased its position in shares of Navios Maritime Holdings by 37.5% in the first quarter. Phoenix Investment Adviser LLC now owns 288,700 shares of the shipping company’s stock worth $540,000 after buying an additional 78,700 shares during the last quarter. Institutional investors and hedge funds own 19.70% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Navios Maritime Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.