Short Interest in Navigator Holdings Ltd (NYSE:NVGS) Drops By 27.9%

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

Navigator stock traded up $0.19 during mid-day trading on Friday, hitting $10.34. The stock had a trading volume of 3,596 shares, compared to its average volume of 162,997. The stock has a market cap of $564.95 million, a price-to-earnings ratio of -205.60 and a beta of 1.06. 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 company has a 50 day moving average of $9.71. Navigator has a one year low of $8.70 and a one year high of $13.05.

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVGS. Deutsche Bank AG raised its position in Navigator by 44.6% in the 4th quarter. Deutsche Bank AG now owns 7,406 shares of the shipping company’s stock worth $69,000 after purchasing an additional 2,286 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in Navigator in the 1st quarter worth about $126,000. Osborn Williams & Donohoe LLC purchased a new stake in Navigator in the 1st quarter worth about $132,000. GSA Capital Partners LLP purchased a new stake in Navigator in the 4th quarter worth about $184,000. Finally, Acadian Asset Management LLC purchased a new stake in Navigator in the 1st quarter worth about $285,000. 68.98% of the stock is owned by institutional investors and hedge funds.

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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