Navigator (NYSE:NVGS) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Navigator (NYSE:NVGS – Get Rating) issued its earnings results on Monday. The shipping company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09, MarketWatch Earnings reports. The business had revenue of $136.00 million for the quarter, compared to analysts’ expectations of $105.95 million. Navigator had a return on equity of 4.30% and a net margin of 9.23%. During the same period in the previous year, the firm posted $0.16 EPS.

Navigator Stock Performance

NYSE:NVGS traded down $1.16 during mid-day trading on Wednesday, reaching $13.57. The stock had a trading volume of 308,876 shares, compared to its average volume of 203,140. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.38 and a current ratio of 1.43. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.54 and a beta of 1.61. Navigator has a twelve month low of $9.81 and a twelve month high of $15.21. The business has a 50 day simple moving average of $13.47 and a 200 day simple moving average of $12.87.

Institutional Investors Weigh In On Navigator

A number of hedge funds and other institutional investors have recently modified their holdings of NVGS. Millennium Management LLC increased its stake in shares of Navigator by 431.6% during the 2nd quarter. Millennium Management LLC now owns 239,661 shares of the shipping company’s stock worth $2,706,000 after purchasing an additional 194,577 shares in the last quarter. Morgan Stanley grew its stake in Navigator by 45.5% in the 4th quarter. Morgan Stanley now owns 381,694 shares of the shipping company’s stock worth $4,565,000 after acquiring an additional 119,355 shares during the period. Man Group plc grew its stake in Navigator by 389.2% in the 4th quarter. Man Group plc now owns 101,549 shares of the shipping company’s stock worth $1,215,000 after acquiring an additional 80,789 shares during the period. Gamco Investors INC. ET AL grew its stake in Navigator by 14.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 586,001 shares of the shipping company’s stock worth $7,155,000 after acquiring an additional 74,000 shares during the period. Finally, Two Sigma Investments LP grew its stake in Navigator by 113.9% in the 3rd quarter. Two Sigma Investments LP now owns 114,651 shares of the shipping company’s stock worth $1,313,000 after acquiring an additional 61,039 shares during the period. 23.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on NVGS shares. TheStreet raised shares of Navigator from a “c” rating to a “b-” rating in a research report on Tuesday, March 28th. StockNews.com started coverage on shares of Navigator in a research report on Thursday, May 18th. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Navigator Company Profile

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Navigator Holdings Ltd. owns and operates a fleet of handy-size liquefied gas carriers. It also provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders.