Millennium Management LLC Sells 379,035 Shares of Navios Maritime Holdings Inc. (NM)

Millennium Management LLC lowered its stake in shares of Navios Maritime Holdings Inc. (NYSE:NM) by 68.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,039 shares of the shipping company’s stock after selling 379,035 shares during the quarter. Millennium Management LLC’s holdings in Navios Maritime were worth $48,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC grew its holdings in Navios Maritime by 16.4% during the third quarter. Renaissance Technologies LLC now owns 2,224,019 shares of the shipping company’s stock worth $1,576,000 after buying an additional 313,100 shares in the last quarter. 63.61% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on NM shares. Zacks Investment Research upgraded Navios Maritime from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Saturday. ValuEngine downgraded Navios Maritime from a “hold” rating to a “sell” rating in a report on Friday, May 3rd.

Shares of NYSE:NM opened at $3.91 on Friday. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.93 and a quick ratio of 0.85. Navios Maritime Holdings Inc. has a 1 year low of $1.69 and a 1 year high of $9.50.

Navios Maritime (NYSE:NM) last announced its quarterly earnings data on Wednesday, February 20th. The shipping company reported ($1.79) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($1.79). The firm had revenue of $127.35 million during the quarter, compared to the consensus estimate of $135.63 million. Navios Maritime had a negative return on equity of 12.83% and a negative net margin of 53.38%. Equities research analysts anticipate that Navios Maritime Holdings Inc. will post -9.33 EPS for the current year.

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Navios Maritime Company Profile

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, Europe, Asia, South America, and internationally. The company focuses on the transportation and transshipment of dry bulk commodities, including iron ores, coal, and grains. It operates through three segments: Dry Bulk Vessel Operations, Logistics Business, and Containers Business.

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Institutional Ownership by Quarter for Navios Maritime (NYSE:NM)

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