Harvey Capital Management Inc. Buys New Holdings in Navigator Holdings Ltd. (NYSE:NVGS)

Harvey Capital Management Inc. bought a new position in Navigator Holdings Ltd. (NYSE:NVGS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 163,100 shares of the shipping company’s stock, valued at approximately $2,504,000.

A number of other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in shares of Navigator by 9.1% in the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock valued at $132,000 after purchasing an additional 684 shares during the period. Quarry LP grew its position in Navigator by 61.0% in the third quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock valued at $70,000 after acquiring an additional 1,661 shares during the period. Barclays PLC raised its stake in Navigator by 10.7% during the third quarter. Barclays PLC now owns 19,640 shares of the shipping company’s stock worth $316,000 after acquiring an additional 1,895 shares in the last quarter. R Squared Ltd bought a new position in shares of Navigator during the fourth quarter valued at $31,000. Finally, Tectonic Advisors LLC boosted its stake in shares of Navigator by 3.5% in the 3rd quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock valued at $1,027,000 after purchasing an additional 2,152 shares in the last quarter. Institutional investors and hedge funds own 18.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 target price on shares of Navigator in a research report on Friday, November 22nd. StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Alliance Global Partners assumed coverage on shares of Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 target price for the company. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.60.

Navigator Stock Performance

Shares of NYSE:NVGS opened at $16.77 on Wednesday. The firm’s 50 day simple moving average is $16.00 and its 200 day simple moving average is $15.99. Navigator Holdings Ltd. has a fifty-two week low of $14.55 and a fifty-two week high of $18.18. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 14.84 and a beta of 1.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71.

Navigator Company 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.