Oppenheimer & Co. Inc. Has $8.01 Million Position in Navigator Holdings Ltd. (NYSE:NVGS)

Oppenheimer & Co. Inc. reduced its holdings in Navigator Holdings Ltd. (NYSE:NVGS) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 521,841 shares of the shipping company’s stock after selling 8,100 shares during the period. Oppenheimer & Co. Inc. owned 0.71% of Navigator worth $8,010,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Royce & Associates LP increased its stake in shares of Navigator by 0.7% during the 3rd quarter. Royce & Associates LP now owns 898,403 shares of the shipping company’s stock worth $14,437,000 after purchasing an additional 6,250 shares during the last quarter. Gagnon Securities LLC increased its stake in shares of Navigator by 7.3% during the 4th quarter. Gagnon Securities LLC now owns 852,608 shares of the shipping company’s stock worth $13,088,000 after purchasing an additional 57,966 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Navigator by 24.8% during the 4th quarter. Hodges Capital Management Inc. now owns 686,148 shares of the shipping company’s stock worth $10,532,000 after purchasing an additional 136,160 shares during the last quarter. Portolan Capital Management LLC increased its stake in shares of Navigator by 4.6% during the 3rd quarter. Portolan Capital Management LLC now owns 300,408 shares of the shipping company’s stock worth $4,828,000 after purchasing an additional 13,252 shares during the last quarter. Finally, Graham Capital Wealth Management LLC increased its stake in shares of Navigator by 1.7% during the 4th quarter. Graham Capital Wealth Management LLC now owns 217,979 shares of the shipping company’s stock worth $3,346,000 after purchasing an additional 3,681 shares during the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a $20.00 price objective on shares of Navigator in a research note on Friday, November 22nd. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Navigator currently has an average rating of “Buy” and an average target price of $21.60.

Navigator Stock Down 2.2 %

Shares of NVGS opened at $15.18 on Friday. Navigator Holdings Ltd. has a 52 week low of $14.55 and a 52 week high of $18.18. The firm has a market cap of $1.11 billion, a P/E ratio of 13.43 and a beta of 1.45. The firm’s 50-day simple moving average is $16.19 and its 200 day simple moving average is $16.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75.

Navigator 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.