Navigator (NYSE:NVGS) Stock Crosses Above 50-Day Moving Average of $11.40

Navigator Holdings Ltd. (NYSE:NVGSGet Rating) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.40 and traded as high as $12.26. Navigator shares last traded at $11.99, with a volume of 93,612 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVGS. Clarkson Capital reaffirmed a “buy” rating on shares of Navigator in a research report on Tuesday, June 14th. Stifel Nicolaus upped their price target on Navigator from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, June 2nd. Jefferies Financial Group began coverage on Navigator in a research report on Wednesday, July 20th. They set a “buy” rating and a $15.00 price target on the stock. Finally, StockNews.com raised Navigator from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd.

Navigator Trading Up 1.2 %

The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $11.40 and a two-hundred day simple moving average of $12.07. The firm has a market cap of $925.39 million, a PE ratio of 599.80 and a beta of 1.83.

Navigator (NYSE:NVGSGet Rating) last announced its quarterly earnings data on Thursday, August 18th. The shipping company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Navigator had a return on equity of 4.37% and a net margin of 0.17%. During the same quarter in the previous year, the business earned $0.01 earnings per share. Equities analysts forecast that Navigator Holdings Ltd. will post 0.79 EPS for the current year.

Institutional Investors Weigh In On Navigator

A number of hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new position in shares of Navigator during the second quarter valued at approximately $178,000. Cubist Systematic Strategies LLC purchased a new stake in Navigator during the second quarter worth $285,000. Millennium Management LLC lifted its holdings in Navigator by 431.6% during the second quarter. Millennium Management LLC now owns 239,661 shares of the shipping company’s stock worth $2,706,000 after buying an additional 194,577 shares during the period. Alpha Paradigm Partners LLC lifted its holdings in Navigator by 500.5% during the second quarter. Alpha Paradigm Partners LLC now owns 21,058 shares of the shipping company’s stock worth $238,000 after buying an additional 17,551 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Navigator by 1.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 596,001 shares of the shipping company’s stock valued at $6,729,000 after purchasing an additional 10,000 shares during the last quarter. 24.67% of the stock is currently owned by hedge funds and other institutional investors.

About Navigator

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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 April 14, 2022, it operated a fleet of 53 semi- or fully-refrigerated liquefied gas carriers.

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