Navios Maritime Partners (NYSE:NMM) Upgraded to “Buy” at StockNews.com

Navios Maritime Partners (NYSE:NMM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Navios Maritime Partners Trading Up 0.4 %

Shares of NMM stock opened at $39.92 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 3.33 and a beta of 1.87. Navios Maritime Partners has a 1 year low of $32.82 and a 1 year high of $65.89. The firm has a fifty day moving average price of $43.33 and a 200-day moving average price of $49.93.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by ($1.93). The company had revenue of $302.99 million for the quarter, compared to the consensus estimate of $340.83 million. Navios Maritime Partners had a net margin of 27.53% and a return on equity of 11.64%. As a group, equities analysts predict that Navios Maritime Partners will post 12.64 earnings per share for the current year.

Institutional Trading of Navios Maritime Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lighthouse Investment Partners LLC boosted its holdings in Navios Maritime Partners by 41.0% in the 4th quarter. Lighthouse Investment Partners LLC now owns 50,403 shares of the shipping company’s stock worth $2,182,000 after buying an additional 14,667 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Navios Maritime Partners in the fourth quarter valued at about $769,000. BNP Paribas Financial Markets boosted its stake in shares of Navios Maritime Partners by 108.1% in the fourth quarter. BNP Paribas Financial Markets now owns 4,473 shares of the shipping company’s stock worth $194,000 after acquiring an additional 2,324 shares during the period. Ion Asset Management Ltd. grew its position in shares of Navios Maritime Partners by 81.9% during the fourth quarter. Ion Asset Management Ltd. now owns 805,678 shares of the shipping company’s stock worth $34,878,000 after purchasing an additional 362,678 shares in the last quarter. Finally, Natixis raised its stake in Navios Maritime Partners by 0.3% during the 4th quarter. Natixis now owns 124,727 shares of the shipping company’s stock valued at $5,399,000 after purchasing an additional 397 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

About Navios Maritime Partners

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.