Harvey Capital Management Inc. Buys Shares of 163,100 Navigator Holdings Ltd. (NYSE:NVGS)

Harvey Capital Management Inc. acquired a new stake in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 163,100 shares of the shipping company's stock, valued at approximately $2,504,000. Harvey Capital Management Inc. owned approximately 0.22% of Navigator at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of Navigator by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company's stock worth $132,000 after acquiring an additional 684 shares during the last quarter. Quarry LP increased its position in shares of Navigator by 61.0% in the third 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 increased its position in shares of Navigator by 10.7% in the third 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. R Squared Ltd purchased a new position in shares of Navigator during the fourth quarter valued at about $31,000. Finally, Tectonic Advisors LLC increased its position in shares of Navigator by 3.5% during the third quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company's stock valued at $1,027,000 after buying an additional 2,152 shares during the period. 18.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVGS has been the topic of a number of recent research reports. StockNews.com upgraded shares of Navigator from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Jefferies Financial Group restated a "buy" rating and set a $20.00 price objective on shares of Navigator in a research report on Friday, November 22nd. Finally, Alliance Global Partners initiated coverage on shares of Navigator in a research report on Monday, October 28th. They issued a "buy" rating and a $24.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $21.60.

Navigator Trading Down 1.0 %

Shares of Navigator stock traded down $0.17 during trading on Friday, hitting $16.42. The stock had a trading volume of 166,547 shares, compared to its average volume of 222,763. The firm's fifty day simple moving average is $16.09 and its 200-day simple moving average is $16.00. The stock has a market cap of $1.20 billion, a PE ratio of 14.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. Navigator Holdings Ltd. has a 12 month low of $14.55 and a 12 month high of $18.18.

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.