Navios Maritime Partners (NYSE:NMM) Downgraded to "Hold" Rating by 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 report released on Monday.

Navios Maritime Partners Trading Down 1.7 %

Shares of NMM traded down $0.73 during mid-day trading on Monday, reaching $42.82. The company had a trading volume of 35,364 shares, compared to its average volume of 134,291. Navios Maritime Partners has a fifty-two week low of $28.05 and a fifty-two week high of $65.89. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 3.25 and a beta of 1.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $44.29 and a 200-day simple moving average of $50.27.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The shipping company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.80 by ($0.65). Navios Maritime Partners had a return on equity of 13.66% and a net margin of 30.48%. The business had revenue of $340.84 million for the quarter, compared to analysts' expectations of $326.32 million. During the same quarter in the prior year, the firm earned $2.68 earnings per share. Navios Maritime Partners's quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Navios Maritime Partners will post 11.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Navios Maritime Partners

A number of large investors have recently bought and sold shares of NMM. Main Street Financial Solutions LLC increased its holdings in shares of Navios Maritime Partners by 1.6% during the third quarter. Main Street Financial Solutions LLC now owns 762,929 shares of the shipping company's stock valued at $47,782,000 after purchasing an additional 12,094 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of Navios Maritime Partners by 4.0% in the third quarter. Moors & Cabot Inc. now owns 74,130 shares of the shipping company's stock worth $4,643,000 after buying an additional 2,850 shares during the period. ING Groep NV raised its stake in Navios Maritime Partners by 446.2% during the 4th quarter. ING Groep NV now owns 71,000 shares of the shipping company's stock valued at $3,074,000 after purchasing an additional 58,000 shares during the period. Integrated Investment Consultants LLC acquired a new position in Navios Maritime Partners in the 3rd quarter valued at approximately $4,208,000. Finally, Walleye Capital LLC grew its stake in Navios Maritime Partners by 4,002.4% in the third quarter. Walleye Capital LLC now owns 35,512 shares of the shipping company's stock valued at $2,224,000 after purchasing an additional 36,422 shares in the last quarter. Institutional investors own 62.74% of the company's stock.

Navios Maritime Partners Company Profile

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.