Jefferies Group LLC raised its position in Navios Maritime Holdings Inc. (NYSE:NM) by 109.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,504,542 shares of the shipping company’s stock after purchasing an additional 787,238 shares during the period. Jefferies Group LLC owned about 1.28% of Navios Maritime worth $1,805,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NM. Teachers Advisors LLC acquired a new stake in Navios Maritime in the second quarter valued at $250,000. TIAA CREF Investment Management LLC acquired a new stake in Navios Maritime in the second quarter valued at $335,000. New York State Common Retirement Fund acquired a new stake in Navios Maritime in the second quarter valued at $131,000. Northern Trust Corp acquired a new stake in Navios Maritime in the second quarter valued at $1,065,000. Finally, Vanguard Group Inc. acquired a new stake in Navios Maritime in the second quarter valued at $248,000. 23.63% of the stock is currently owned by institutional investors.
Shares of Navios Maritime Holdings Inc. (NYSE NM) opened at $1.18 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 2.32. Navios Maritime Holdings Inc. has a 52 week low of $0.95 and a 52 week high of $1.99.
Several analysts have weighed in on the company. Zacks Investment Research lowered Navios Maritime from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Jefferies Group assumed coverage on Navios Maritime in a report on Monday, December 18th. They issued a “buy” rating and a $2.00 target price on the stock. ValuEngine lowered Navios Maritime from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 14th. Finally, Clarkson Capital raised Navios Maritime from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $1.58.
ILLEGAL ACTIVITY NOTICE: “Jefferies Group LLC Boosts Holdings in Navios Maritime Holdings Inc. (NM)” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/03/14/jefferies-group-llc-boosts-holdings-in-navios-maritime-holdings-inc-nm.html.
Navios Maritime 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.
Want to see what other hedge funds are holding NM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navios Maritime Holdings Inc. (NYSE:NM).
Receive News & Ratings for Navios Maritime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime and related companies with MarketBeat.com's FREE daily email newsletter.