Invesco Ltd. decreased its position in shares of Navigator Holdings Ltd (NYSE:NVGS) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,750 shares of the shipping company’s stock after selling 3,641 shares during the quarter. Invesco Ltd. owned approximately 0.19% of Navigator worth $990,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Emancipation Management LLC raised its position in Navigator by 65.1% during the 2nd quarter. Emancipation Management LLC now owns 117,717 shares of the shipping company’s stock worth $1,102,000 after purchasing an additional 46,408 shares during the last quarter. Steinberg Asset Management LLC raised its position in Navigator by 7.4% during the 2nd quarter. Steinberg Asset Management LLC now owns 1,369,353 shares of the shipping company’s stock worth $12,817,000 after purchasing an additional 94,399 shares during the last quarter. GSA Capital Partners LLP bought a new position in Navigator during the 2nd quarter worth $103,000. Minerva Advisors LLC raised its position in Navigator by 3.1% during the 2nd quarter. Minerva Advisors LLC now owns 400,881 shares of the shipping company’s stock worth $3,752,000 after purchasing an additional 11,947 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Navigator by 164.2% during the 2nd quarter. Renaissance Technologies LLC now owns 306,500 shares of the shipping company’s stock worth $2,869,000 after purchasing an additional 190,500 shares during the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.
NVGS stock opened at $11.12 on Wednesday. The stock has a 50-day moving average price of $10.57 and a 200-day moving average price of $10.28. Navigator Holdings Ltd has a 1-year low of $8.70 and a 1-year high of $12.73. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market cap of $625.88 million, a PE ratio of -222.40 and a beta of 1.07.
NVGS has been the subject of several analyst reports. Evercore ISI set a $15.00 target price on Navigator and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine raised Navigator from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co raised Navigator from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $13.50 to $15.00 in a research report on Thursday, July 25th. TheStreet lowered Navigator from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered Navigator from a “hold” rating to a “strong sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $14.60.
Navigator Company Profile
Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.
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