Navios Maritime Holdings Inc. (NYSE:NM) was downgraded by research analysts at Clarkson Capital from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.

Several other analysts have also recently commented on the company. Zacks Investment Research upgraded Navios Maritime Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 15th. ValuEngine cut Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $1.25.

Shares of Navios Maritime Holdings (NM) opened at 1.77 on Tuesday. Navios Maritime Holdings has a 12 month low of $0.95 and a 12 month high of $2.40. The company has a 50 day moving average of $1.69 and a 200-day moving average of $1.47. The firm’s market capitalization is $205.41 million.

Navios Maritime Holdings (NYSE:NM) last announced its earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Navios Maritime Holdings had a negative return on equity of 14.37% and a negative net margin of 22.05%. The business had revenue of $118.60 million for the quarter, compared to analysts’ expectations of $114.27 million. During the same period in the prior year, the business posted ($0.29) earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. Analysts predict that Navios Maritime Holdings will post ($0.94) EPS for the current year.

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Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers bought a new stake in Navios Maritime Holdings in the second quarter valued at approximately $107,000. New York State Common Retirement Fund bought a new stake in Navios Maritime Holdings in the second quarter valued at approximately $131,000. California State Teachers Retirement System bought a new stake in Navios Maritime Holdings in the second quarter valued at approximately $218,000. Schwab Charles Investment Management Inc. bought a new stake in Navios Maritime Holdings in the second quarter valued at approximately $232,000. Finally, Vanguard Group Inc. bought a new stake in Navios Maritime Holdings in the second quarter valued at approximately $248,000. Institutional investors and hedge funds own 21.08% of the company’s stock.

About Navios Maritime Holdings

Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.

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