Navios Maritime Acquisition (NYSE:NNA) posted its quarterly earnings data on Wednesday. The shipping company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04), Morningstar.com reports. Navios Maritime Acquisition had a positive return on equity of 2.08% and a negative net margin of 19.94%. The business had revenue of $44.20 million for the quarter, compared to analyst estimates of $53.63 million.
Shares of Navios Maritime Acquisition (NYSE:NNA) traded down $0.03 during trading hours on Thursday, reaching $0.73. 1,024,949 shares of the company traded hands, compared to its average volume of 813,592. Navios Maritime Acquisition has a twelve month low of $0.72 and a twelve month high of $1.92. The firm has a market cap of $124.78, a P/E ratio of -2.35 and a beta of 1.15. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.92 and a quick ratio of 0.92.
A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Stifel Nicolaus set a $2.00 price objective on shares of Navios Maritime Acquisition and gave the stock a “buy” rating in a research note on Sunday, October 29th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Navios Maritime Acquisition in a research note on Friday, January 19th. Finally, Zacks Investment Research upgraded shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $1.63.
A number of large investors have recently modified their holdings of NNA. Northern Trust Corp lifted its stake in Navios Maritime Acquisition by 124.4% in the 2nd quarter. Northern Trust Corp now owns 2,315,549 shares of the shipping company’s stock valued at $3,404,000 after purchasing an additional 1,283,455 shares during the last quarter. Stifel Financial Corp lifted its stake in Navios Maritime Acquisition by 53.6% in the 2nd quarter. Stifel Financial Corp now owns 1,119,934 shares of the shipping company’s stock valued at $1,638,000 after purchasing an additional 390,870 shares during the last quarter. California Public Employees Retirement System lifted its stake in Navios Maritime Acquisition by 71.3% in the 3rd quarter. California Public Employees Retirement System now owns 286,854 shares of the shipping company’s stock valued at $350,000 after purchasing an additional 119,354 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Navios Maritime Acquisition in the 3rd quarter valued at about $124,000. Finally, Hosking Partners LLP lifted its stake in Navios Maritime Acquisition by 7.7% in the 4th quarter. Hosking Partners LLP now owns 1,350,945 shares of the shipping company’s stock valued at $1,500,000 after purchasing an additional 96,166 shares during the last quarter. Institutional investors and hedge funds own 19.07% of the company’s stock.
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About Navios Maritime Acquisition
Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.
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