Navigator (NYSE:NVGS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Navigator (NYSE:NVGS – Get Rating) in a research report released on Thursday morning. The brokerage issued a hold rating on the shipping company’s stock.

Navigator Stock Down 1.2 %

Shares of NYSE:NVGS opened at $12.06 on Thursday. The company has a 50-day moving average price of $12.94 and a 200-day moving average price of $12.31. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 0.52. Navigator has a 12 month low of $9.81 and a 12 month high of $15.21.

Hedge Funds Weigh In On Navigator

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming bought a new position in shares of Navigator during the fourth quarter valued at about $113,000. Jane Street Group LLC purchased a new stake in Navigator in the fourth quarter worth about $123,000. Millennium Management LLC grew its holdings in Navigator by 7.2% in the fourth quarter. Millennium Management LLC now owns 51,192 shares of the shipping company’s stock worth $612,000 after purchasing an additional 3,448 shares during the period. Morgan Stanley grew its holdings in Navigator by 45.5% in the fourth quarter. Morgan Stanley now owns 381,694 shares of the shipping company’s stock worth $4,565,000 after purchasing an additional 119,355 shares during the period. Finally, Man Group plc grew its holdings in Navigator by 389.2% in the fourth quarter. Man Group plc now owns 101,549 shares of the shipping company’s stock worth $1,215,000 after purchasing an additional 80,789 shares during the period. 23.68% of the stock is owned by institutional investors.

About Navigator

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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.