Cornerstone Investment Partners LLC Sells 9,261 Shares of Navigator Holdings Ltd. (NYSE:NVGS)

Cornerstone Investment Partners LLC decreased its position in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,035 shares of the shipping company’s stock after selling 9,261 shares during the period. Cornerstone Investment Partners LLC’s holdings in Navigator were worth $384,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in Navigator by 0.7% during the 3rd quarter. Royce & Associates LP now owns 898,403 shares of the shipping company’s stock worth $14,437,000 after buying an additional 6,250 shares during the period. Gagnon Securities LLC increased its position in Navigator by 7.3% during the 4th quarter. Gagnon Securities LLC now owns 852,608 shares of the shipping company’s stock worth $13,088,000 after buying an additional 57,966 shares during the period. Hodges Capital Management Inc. grew its holdings in shares of Navigator by 24.8% during the 4th quarter. Hodges Capital Management Inc. now owns 686,148 shares of the shipping company’s stock worth $10,532,000 after purchasing an additional 136,160 shares in the last quarter. Portolan Capital Management LLC grew its holdings in shares of Navigator by 4.6% during the 3rd quarter. Portolan Capital Management LLC now owns 300,408 shares of the shipping company’s stock worth $4,828,000 after purchasing an additional 13,252 shares in the last quarter. Finally, Graham Capital Wealth Management LLC grew its holdings in shares of Navigator by 1.7% during the 4th quarter. Graham Capital Wealth Management LLC now owns 217,979 shares of the shipping company’s stock worth $3,346,000 after purchasing an additional 3,681 shares in the last quarter. Institutional investors own 18.95% of the company’s stock.

Wall Street Analyst Weigh In

NVGS has been the topic of several analyst reports. StockNews.com raised Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group reissued a “buy” rating and set a $20.00 target price on shares of Navigator in a report on Friday, November 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $21.60.

Navigator Stock Performance

NYSE:NVGS opened at $14.74 on Tuesday. The stock’s 50-day simple moving average is $16.19 and its 200 day simple moving average is $16.00. The firm has a market capitalization of $1.08 billion, a PE ratio of 13.04 and a beta of 1.45. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. Navigator Holdings Ltd. has a twelve month low of $14.55 and a twelve month high of $18.18.

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.