Navigator (NYSE:NVGS) Hits New 52-Week Low – What’s Next?

Shares of Navigator Holdings Ltd. (NYSE:NVGS) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.26 and last traded at $14.23, with a volume of 8317 shares traded. The stock had previously closed at $14.73.

Analyst Ratings Changes

NVGS has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $20.00 target price on shares of Navigator in a research note on Friday, November 22nd. StockNews.com upgraded Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Navigator presently has a consensus rating of “Buy” and an average price target of $21.60.

Navigator Price Performance

The stock has a 50 day simple moving average of $16.19 and a two-hundred day simple moving average of $16.00. The firm has a market cap of $1.05 billion, a PE ratio of 12.67 and a beta of 1.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75.

Institutional Investors Weigh In On Navigator

A number of institutional investors have recently modified their holdings of the business. Aristides Capital LLC grew its position in shares of Navigator by 10.5% during the 4th quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company’s stock valued at $231,000 after acquiring an additional 1,428 shares during the period. Y Intercept Hong Kong Ltd grew its position in shares of Navigator by 6.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 26,913 shares of the shipping company’s stock valued at $413,000 after acquiring an additional 1,540 shares during the period. Quarry LP grew its position in shares of Navigator by 61.0% during the 3rd quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock valued at $70,000 after acquiring an additional 1,661 shares during the period. Barclays PLC grew its position in shares of Navigator by 10.7% during the 3rd quarter. Barclays PLC now owns 19,640 shares of the shipping company’s stock valued at $316,000 after acquiring an additional 1,895 shares during the period. Finally, LPL Financial LLC grew its position in shares of Navigator by 18.5% during the 4th quarter. LPL Financial LLC now owns 12,638 shares of the shipping company’s stock valued at $194,000 after acquiring an additional 1,976 shares during the period. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Company Profile

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.