Navios Maritime Acquisition Corporation (NNA) Sets Yearly Low; Strong Momentum for Sellers

Marco Green
January 14, 2018

Zacks Investment Research lowered shares of Navios Maritime Partners from a "hold" rating to a "sell" rating in a research report on Wednesday. KCG Holdings Inc. acquired a new position in shares of Navios Maritime Midstream Partners during the second quarter worth about $166,000. Panagora Asset Management Inc reported 73,347 shares. Advisory Research Inc. boosted its position in shares of Navios Maritime Midstream Partners by 1.1% in the second quarter. Credit Suisse Ag owns 53,575 shares for 0% of their portfolio. California State Teachers Retirement Systems stated it has 231,817 shares or 0% of all its holdings. Bridgeway Cap reported 0.01% in Navios Maritime Acquisition Corporation (NYSE:NNA). Royal Comml Bank Of Canada accumulated 12,988 shares or 0% of the stock. It worsened, as 49 investors sold WSM shares while 105 reduced holdings. Analysts are turning out to be more optimistic than before, with 2 of analysts who cover Navios Maritime Acquisition Corporation (NYSE:NNA) advice adding it to buy candidate list.

Wall Street brokerages predict that Navios Maritime Acquisition Co. Alliancebernstein Limited Partnership has 25,300 shares for 0% of their portfolio. The 9 months bearish chart indicates high risk for the $161.77 million company. The firm's revenue was down 11.6% on a year-over-year basis.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 1.44, and a price to sales ratio of 14.57. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.70% or $0.03 during the last trading session, reaching $1.08. About 100,981 shares traded. Navios Maritime Acquisition Corporation (NYSE:NNA) has declined 4.17% since January 10, 2017 and is downtrending. It has underperformed by 41.12% the S&P500. Navios Maritime Partners has a one year low of $1.45 and a one year high of $2.65. For the past 5 years, the company's revenue has grown -6.3%, while the company's earnings per share has grown -49.2%. On average, equities analysts anticipate that Navios Maritime Midstream Partners will post $1.20 EPS for the current year. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Navios Maritime Midstream Partners by 46.2% in the second quarter. Therefore 40% are positive. Navios Maritime Midstream Partners had 6 analyst reports since September 22, 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. The stock has "Hold" rating by Stifel Nicolaus on Thursday, August 31. Stifel Nicolaus maintained Navios Maritime Acquisition Corporation (NYSE:NNA) on Friday, July 7 with "Buy" rating. The firm has "Neutral" rating given on Wednesday, April 26 by JP Morgan. On Friday, August 19 the stock rating was maintained by Citigroup with "Buy". The firm earned "Underperform" rating on Friday, November 17 by Bank of America. On Tuesday, October 24 the stock rating was downgraded by Stifel Nicolaus to "Hold". UBS maintained the stock with "Neutral" rating in Monday, August 22 report.

Several other research firms have also recently issued reports on NMM. More interesting news about Navios Maritime Acquisition Corporation (NYSE:NNA) were released by: Seekingalpha.com and their article: "Navios Maritime Acquisition Corporation's (NNA) CEO Angeliki Frangou on Q3 ..." published on November 05, 2017 as well as Fool.com's news article titled: "Why Teekay Corp., Teekay Offshore, and Navios Maritime Acquisition Stock ..." with publication date: June 07, 2017.

Navios Maritime Midstream Partners L.P. owns, operates, and acquires crude oil tankers, refined petroleum product tankers, chemical tankers, and liquefied petroleum gas tankers. It now has negative earnings. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.

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