Navios Maritime Partners (NYSE:NMM) Rating Lowered to Hold at StockNews.com

Navios Maritime Partners (NYSE:NMM - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

Navios Maritime Partners Trading Down 2.9 %

NYSE:NMM traded down $1.31 during midday trading on Friday, hitting $43.73. 85,968 shares of the company traded hands, compared to its average volume of 126,584. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. Navios Maritime Partners has a 12-month low of $32.42 and a 12-month high of $65.89. The firm has a market capitalization of $1.31 billion, a P/E ratio of 3.65 and a beta of 1.93. The firm's fifty day moving average is $43.62 and its 200-day moving average is $50.04.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The shipping company reported $2.61 EPS for the quarter, missing the consensus estimate of $4.54 by ($1.93). The business had revenue of $302.99 million during 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%. On average, sell-side analysts predict that Navios Maritime Partners will post 12.64 EPS for the current year.

Institutional Trading of Navios Maritime Partners

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Navios Maritime Partners by 21.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,149 shares of the shipping company's stock valued at $135,000 after purchasing an additional 384 shares during the last quarter. Natixis raised its stake in shares of Navios Maritime Partners by 0.3% during the 4th quarter. Natixis now owns 124,727 shares of the shipping company's stock worth $5,399,000 after buying an additional 397 shares during the last quarter. Pekin Hardy Strauss Inc. grew its position in shares of Navios Maritime Partners by 3.2% in the third quarter. Pekin Hardy Strauss Inc. now owns 27,825 shares of the shipping company's stock valued at $1,743,000 after purchasing an additional 875 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Navios Maritime Partners by 23.7% in the fourth quarter. First Trust Advisors LP now owns 5,325 shares of the shipping company's stock worth $231,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in Navios Maritime Partners by 2.6% in the 4th quarter. Moors & Cabot Inc. now owns 76,031 shares of the shipping company's stock valued at $3,291,000 after purchasing an additional 1,901 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

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.