Horizon Kinetics Asset Management LLC Sells 87,619 Shares of Navigator Holdings Ltd (NYSE:NVGS)

Horizon Kinetics Asset Management LLC lessened its stake in Navigator Holdings Ltd (NYSE:NVGS) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,206,377 shares of the shipping company’s stock after selling 87,619 shares during the quarter. Horizon Kinetics Asset Management LLC owned about 2.16% of Navigator worth $5,380,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NVGS. Oppenheimer & Co. Inc. grew its holdings in shares of Navigator by 1.2% during the first quarter. Oppenheimer & Co. Inc. now owns 1,813,502 shares of the shipping company’s stock worth $8,088,000 after purchasing an additional 21,783 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in Navigator by 1.8% in the 1st quarter. Frontier Capital Management Co. LLC now owns 1,389,741 shares of the shipping company’s stock valued at $6,198,000 after buying an additional 24,070 shares during the last quarter. Royce & Associates LP raised its position in Navigator by 8.7% in the 4th quarter. Royce & Associates LP now owns 1,202,673 shares of the shipping company’s stock valued at $16,200,000 after buying an additional 96,000 shares during the last quarter. Renaissance Technologies LLC raised its position in Navigator by 24.8% in the 4th quarter. Renaissance Technologies LLC now owns 413,500 shares of the shipping company’s stock valued at $5,570,000 after buying an additional 82,200 shares during the last quarter. Finally, First Manhattan Co. raised its position in Navigator by 2.7% in the 1st quarter. First Manhattan Co. now owns 386,810 shares of the shipping company’s stock valued at $1,725,000 after buying an additional 10,050 shares during the last quarter. 69.47% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on NVGS. Zacks Investment Research raised Navigator from a “sell” rating to a “hold” rating in a research report on Friday, May 15th. ValuEngine upgraded Navigator from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.58.

NYSE:NVGS traded down $0.32 during trading on Wednesday, reaching $7.95. The company’s stock had a trading volume of 320,529 shares, compared to its average volume of 176,966. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.06 and a current ratio of 1.15. The firm has a market cap of $461.16 million, a price-to-earnings ratio of -21.08 and a beta of 2.08. Navigator Holdings Ltd has a 12 month low of $3.80 and a 12 month high of $13.99. The firm has a 50 day moving average of $5.97 and a 200-day moving average of $9.43.

Navigator (NYSE:NVGS) last posted its quarterly earnings results on Thursday, April 2nd. The shipping company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.07). The firm had revenue of $76.07 million for the quarter, compared to the consensus estimate of $63.84 million. Navigator had a negative return on equity of 1.06% and a negative net margin of 7.17%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) EPS. Equities research analysts forecast that Navigator Holdings Ltd will post 0.33 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Navigator (NYSE:NVGS)

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