Gagnon Securities LLC Increases Stock Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

Gagnon Securities LLC lifted its holdings in Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 852,608 shares of the shipping company's stock after buying an additional 57,966 shares during the period. Navigator comprises approximately 2.6% of Gagnon Securities LLC's portfolio, making the stock its 15th biggest position. Gagnon Securities LLC owned about 1.17% of Navigator worth $13,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd bought a new stake in shares of Navigator in the fourth quarter valued at approximately $31,000. JPMorgan Chase & Co. bought a new position in shares of Navigator during the 3rd quarter worth about $907,000. Barclays PLC raised its position in shares of Navigator by 10.7% during the third quarter. Barclays PLC now owns 19,640 shares of the shipping company's stock valued at $316,000 after buying an additional 1,895 shares during the last quarter. First Sabrepoint Capital Management LP acquired a new stake in Navigator during the third quarter worth about $2,994,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Navigator during the third quarter valued at about $408,000. Hedge funds and other institutional investors own 18.95% of the company's stock.

Navigator Stock Performance

Shares of NVGS traded down $0.09 during trading hours on Wednesday, hitting $16.92. The company had a trading volume of 118,148 shares, compared to its average volume of 227,323. The business has a fifty day moving average of $15.91 and a 200-day moving average of $15.99. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 14.98 and a beta of 1.45. Navigator Holdings Ltd. has a 12 month low of $14.55 and a 12 month high of $18.18.

Analysts Set New Price Targets

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

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.