Navigator Holdings Ltd (NYSE:NVGS) Short Interest Update

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Navigator Holdings Ltd (NYSE:NVGS) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 245,800 shares, a decline of 27.9% from the May 30th total of 341,000 shares. Based on an average trading volume of 114,900 shares, the short-interest ratio is currently 2.1 days. Approximately 0.8% of the company’s stock are sold short.

A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Maxim Group set a $8.00 target price on shares of TrovaGene and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Navigator presently has an average rating of “Hold” and a consensus price target of $14.33.

NVGS traded up $0.34 during mid-day trading on Thursday, reaching $10.15. 85,100 shares of the company traded hands, compared to its average volume of 110,230. Navigator has a 52-week low of $8.70 and a 52-week high of $13.05. The stock’s fifty day moving average is $9.71. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.07 and a quick ratio of 0.96. The firm has a market cap of $531.55 million, a PE ratio of -203.00 and a beta of 1.06.

Navigator (NYSE:NVGS) last issued its quarterly earnings data on Monday, May 13th. The shipping company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). Navigator had a negative net margin of 3.14% and a negative return on equity of 0.72%. The business had revenue of $76.10 million for the quarter, compared to the consensus estimate of $67.73 million. During the same period in the previous year, the firm earned $0.01 EPS. The company’s revenue was down 2.2% on a year-over-year basis. On average, research analysts forecast that Navigator will post 0.13 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. purchased a new position in shares of Navigator during the fourth quarter worth $310,000. GSA Capital Partners LLP acquired a new position in shares of Navigator in the 4th quarter valued at $184,000. Millennium Management LLC boosted its holdings in shares of Navigator by 133.3% in the 4th quarter. Millennium Management LLC now owns 56,896 shares of the shipping company’s stock valued at $535,000 after buying an additional 32,512 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Navigator by 1.5% in the 4th quarter. Northern Trust Corp now owns 507,891 shares of the shipping company’s stock valued at $4,775,000 after buying an additional 7,536 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Navigator by 7.5% in the 1st quarter. Creative Planning now owns 49,931 shares of the shipping company’s stock valued at $549,000 after buying an additional 3,475 shares in the last quarter. 68.98% of the stock is currently owned by institutional investors.

About Navigator

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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