HighTower Advisors LLC Has $3.81 Million Stock Position in Navigator Holdings Ltd. (NYSE:NVGS)

HighTower Advisors LLC lowered its stake in Navigator Holdings Ltd. (NYSE:NVGS – Get Rating) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,035 shares of the shipping company’s stock after selling 2,215 shares during the period. HighTower Advisors LLC’s holdings in Navigator were worth $3,813,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Gamco Investors INC. ET AL lifted its holdings in shares of Navigator by 14.5% during the first quarter. Gamco Investors INC. ET AL now owns 586,001 shares of the shipping company’s stock worth $7,155,000 after purchasing an additional 74,000 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Navigator by 12.0% during the second quarter. Renaissance Technologies LLC now owns 422,200 shares of the shipping company’s stock worth $4,767,000 after purchasing an additional 45,400 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Navigator by 1.1% during the first quarter. Wellington Management Group LLP now owns 253,956 shares of the shipping company’s stock worth $3,101,000 after purchasing an additional 2,813 shares during the period. Millennium Management LLC lifted its holdings in shares of 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 purchasing an additional 194,577 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of Navigator by 25.0% during the first quarter. Gabelli Funds LLC now owns 125,053 shares of the shipping company’s stock worth $1,527,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 23.68% of the company’s stock.

Navigator Price Performance

Shares of NYSE NVGS opened at $13.04 on Friday. Navigator Holdings Ltd. has a twelve month low of $9.81 and a twelve month high of $15.21. The firm has a fifty day simple moving average of $13.41 and a 200 day simple moving average of $12.85. The company has a market capitalization of $1.01 billion, a PE ratio of 18.90 and a beta of 1.61. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.60.

Navigator (NYSE:NVGS – Get Rating) last announced its earnings results on Monday, March 20th. The shipping company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Navigator had a return on equity of 3.43% and a net margin of 11.29%. The firm had revenue of $106.42 million for the quarter, compared to the consensus estimate of $104.60 million. On average, sell-side analysts forecast that Navigator Holdings Ltd. will post 0.91 EPS for the current year.

Wall Street Analyst Weigh In

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

Navigator 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.