Navigator (NYSE:NVGS) Sets New 52-Week Low – Should You Sell?

Shares of Navigator Holdings Ltd. (NYSE:NVGS) hit a new 52-week low on Monday . The stock traded as low as $13.97 and last traded at $13.99, with a volume of 32438 shares changing hands. The stock had previously closed at $14.41.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and issued a $20.00 target price on shares of Navigator in a report on Friday, November 22nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $21.60.

Navigator Stock Performance

The company has a market cap of $1.02 billion, a P/E ratio of 12.29 and a beta of 1.39. The business has a fifty day moving average of $16.14 and a 200 day moving average of $15.95. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45.

Institutional Investors Weigh In On Navigator

A number of large investors have recently modified their holdings of NVGS. Wexford Capital LP lifted its holdings in Navigator by 36.5% in the fourth quarter. Wexford Capital LP now owns 85,425 shares of the shipping company’s stock worth $1,311,000 after buying an additional 22,857 shares during the period. State of Wyoming lifted its position in Navigator by 22.4% during the fourth quarter. State of Wyoming now owns 34,143 shares of the shipping company’s stock valued at $524,000 after buying an additional 6,244 shares during the period. Man Group plc boosted its holdings in shares of Navigator by 159.9% during the 4th quarter. Man Group plc now owns 203,441 shares of the shipping company’s stock valued at $3,123,000 after buying an additional 125,178 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Navigator in the 4th quarter worth about $554,000. Finally, First Manhattan CO. LLC. increased its stake in shares of Navigator by 25.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,034,596 shares of the shipping company’s stock worth $15,881,000 after acquiring an additional 207,851 shares in the last quarter. Institutional investors own 18.95% of the company’s stock.

About Navigator

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.