Keeping It Simple

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#1 Navigator Holdings Ltd (NYSE:NVGS)

http://www.insidermonkey.com/blog/billionaire-wilbur-ross-maintains-top-bets-swaps-etsy-inc-etsy-for-fitbit-inc-fit-475213/



– Shares Owned by Invesco Private Capital (as of June 30): 21.86 Million

– Value of The Holding (as of June 30): $251.43 Million

For a long time now, Navigator Holdings Ltd (NYSE:NVGS) has held the top spot in Invesco Private Capital’s equity portfolio. Though the fund kept its stake in the company unchanged during the April-June period, it still amassed more than half of the value of Invesco’s equity portfolio at the end of June, which is quite a feat considering that Navigator Holdings Ltd’s stock has lost more than 60% of its value since the beginning of March this year. Several analysts who track the stock feel that its undervalued at current levels, especially when one takes into account that the company’s operating results have been fairly stable since mid-2014 and that Navigator Holdings Ltd owns a large number of modern ethylene-capable liquefied gas carriers. On September 12, analysts at Jefferies Group reiterated their ‘Buy’ rating on the stock. The number of hedge funds tracked by Insider Monkey that were long Navigator Holdings Ltd (NYSE:NVGS) increased by one to 16 during the second quarter, however, the aggregate value of their holdings in it fell by $112.60 million to $299.23 million during that time.