Navios Maritime Partners (NMM) Now Covered by Jefferies Group


Navios Maritime Acquisition (NYSE:NNA) traded down $0.02 during midday trading on Thursday, reaching $1.12. It dropped, as 10 investors sold Navios Maritime Acquisition Corporation shares while 20 reduced holdings. 10 funds opened positions while 14 raised stakes. The United Kingdom-based Legal & General Group Public Limited Com has invested 0% in Navios Maritime Acquisition Corporation (NYSE:NNA). Panagora Asset Management Inc reported 73,347 shares. They expect $0.64 EPS, down 1.54% or $0.01 from last year's $0.65 per share. California State Teachers Retirement Systems stated it has 231,817 shares or 0% of all its holdings. Bnp Paribas Arbitrage invested in 6,286 shares or 0% of the stock. Royal Comml Bank Of Canada accumulated 12,988 shares or 0% of the stock. Susquehanna Interest Gru Llp reported 0% of its portfolio in Navios Maritime Midstream Partners L.P. (NYSE:NAP). Navios Maritime Midstream Partners's dividend payout ratio (DPR) is 143.22%. Alliancebernstein Limited Partnership has 25,300 shares for 0% of their portfolio. Moreover, Sii Investments Wi has 0% invested in Navios Maritime Midstream Partners L.P. (NYSE:NAP). Finally, Citigroup boosted their target price on Navios Maritime Partners from $2.00 to $2.25 and gave the company a neutral rating in a research report on Thursday, November 16th. The 9 months bearish chart indicates high risk for the $161.77 million company. The Company's fleet comprises 12 Panamax vessels, 9 Capesize vessels, 3 Ultra-Handymax vessels, and 7 container vessels.

The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in.

The Company ended its previous trading session at $1.08 with the gain of 0.93%. About 300,657 shares traded. Navios Maritime Acquisition Corporation (NYSE:NNA) has declined 4.17% since January 11, 2017 and is downtrending. It has underperformed by 21.30% the S&P500. Navios Maritime Partners LP has a 1 year low of $1.45 and a 1 year high of $2.65. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.03. On average, equities analysts anticipate that Navios Maritime Midstream Partners will post $1.20 EPS for the current year. At present, 0 analysts call it Sell, while 3 think it is Hold. Therefore 41% are positive. Navios Maritime Partners had 16 analyst reports since September 17, 2015 according to SRatingsIntel. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Navios Maritime Partners has a consensus rating of "Hold" and a consensus target price of $2.19. Stifel Nicolaus maintained Navios Maritime Acquisition Corporation (NYSE:NNA) on Friday, July 7 with "Buy" rating. The rating was upgraded by Credit Suisse on Tuesday, October 20 to "Neutral". The stock has "Buy" rating by Citigroup on Wednesday, January 27. The firm earned "Buy" rating on Monday, July 10 by Jefferies. Zacks downgraded Navios Maritime Acquisition Corporation (NYSE:NNA) on Tuesday, September 22 to "Hold" rating. The stock has "Buy" rating by Berenberg on Friday, May 26.

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A number of brokerages have recently weighed in on NNA.

Wall Street brokerages predict that Navios Maritime Acquisition Co. The company has market cap of $159.35 million. The Company may also seek to own, operate and acquire refined petroleum product tankers, chemical tankers and liquefied petroleum gas (LPG) tankers under long-term employment contracts. It now has negative earnings. The Company charters its vessels to worldwide oil companies, refiners and vessel operators under long, medium and short-term charters.

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