Navios Maritime Holdings Inc. (NYSE:NM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Navios Maritime Holdings Inc. is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain. It operates in three segments: Drybulk Vessel Operations, Tanker Vessel Operations and Logistics Business. The Company also engages in operating ports and transfer station terminals and handles vessels, barges, and push boats, as well as operates upriver transport facilities in the Hidrovia region. Navios Maritime Holdings Inc. is headquartered in Piraeus, Greece. “

Other equities research analysts have also issued reports about the stock. Citigroup Inc. cut their price target on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating on the stock in a research note on Thursday, May 25th. ValuEngine lowered shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.

Shares of Navios Maritime Holdings (NM) traded down 0.59% during trading on Friday, hitting $1.68. The stock had a trading volume of 934,858 shares. Navios Maritime Holdings has a one year low of $0.95 and a one year high of $2.40. The stock’s market cap is $194.97 million. The stock’s 50 day moving average price is $1.43 and its 200-day moving average price is $1.47.

Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Navios Maritime Holdings had a negative net margin of 22.05% and a negative return on equity of 14.37%. The firm had revenue of $118.60 million for the quarter, compared to analyst estimates of $114.27 million. During the same period last year, the business earned ($0.29) EPS. Navios Maritime Holdings’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts expect that Navios Maritime Holdings will post ($0.94) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers purchased a new stake in shares of Navios Maritime Holdings in the second quarter valued at about $107,000. New York State Common Retirement Fund purchased a new stake in shares of Navios Maritime Holdings in the second quarter valued at about $131,000. California State Teachers Retirement System purchased a new stake in shares of Navios Maritime Holdings in the second quarter valued at about $218,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Navios Maritime Holdings in the second quarter valued at about $232,000. Finally, Vanguard Group Inc. purchased a new stake in shares of Navios Maritime Holdings in the second quarter valued at about $248,000. Institutional investors own 21.03% of the company’s stock.

Navios Maritime Holdings Company Profile

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.

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