Navios Maritime Acquisition (NYSE:NNA) Issues Quarterly Earnings Results

Navios Maritime Acquisition (NYSE:NNA) announced its earnings results on Wednesday. The shipping company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.58), Morningstar.com reports. Navios Maritime Acquisition had a negative return on equity of 14.03% and a negative net margin of 23.53%. The business had revenue of $54.39 million for the quarter.

NYSE NNA opened at $5.72 on Friday. Navios Maritime Acquisition has a 52 week low of $2.90 and a 52 week high of $9.30. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 3.11. The business’s fifty day simple moving average is $6.21 and its 200-day simple moving average is $6.62.

NNA has been the topic of several analyst reports. ValuEngine upgraded Navios Maritime Acquisition from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Zacks Investment Research lowered Navios Maritime Acquisition from a “strong-buy” rating to a “hold” rating in a report on Friday, May 24th.

Several hedge funds and other institutional investors have recently bought and sold shares of NNA. BlackRock Inc. purchased a new position in shares of Navios Maritime Acquisition during the 2nd quarter worth $98,000. JPMorgan Chase & Co. raised its holdings in shares of Navios Maritime Acquisition by 202.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,097 shares of the shipping company’s stock worth $154,000 after acquiring an additional 16,122 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Navios Maritime Acquisition by 123.2% during the 2nd quarter. Renaissance Technologies LLC now owns 84,780 shares of the shipping company’s stock worth $534,000 after acquiring an additional 46,795 shares during the period. Institutional investors and hedge funds own 6.60% of the company’s stock.

About Navios Maritime Acquisition

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.

Featured Article: Google Finance Portfolio

Earnings History for Navios Maritime Acquisition (NYSE:NNA)

Receive News & Ratings for Navios Maritime Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.