Schedule 13G

United States

Security and Exchange Commission

Washington, D.C. 20549

 

Schedule 13G

 

Under the Securities Act of 1934

(Amendment No.     )*

 

 

Navios Maritime Holdings Inc.


(Name of Issuer)

Common Stock


(Title of Class of Securities)

 

 

Y62196103

                                (CUSIP Number)                                

June 30, 2007


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

 


CUSIP No. Y62196103   13G  

 

  1  

NAME OF REPORTING PERSON

S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON

   
   

            DePrince, Race & Zollo, Inc.

            59-3299598

   
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
                Incorporated in the State of Florida    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    SOLE VOTING POWER
 
                  3,678,399
    6    SHARED VOTING POWER
 
                  none
    7    SOLE DISPOSITIVE POWER
 
                  3,678,399
    8    SHARED DISPOSITIVE POWER
 
                  none
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                3,678,399    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   ¨
                No    
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
                4.49%    
12   TYPE OF REPORTING PERSON*  
                IA    

 


  SCHEDULE 13 G  
Item 1.           
 

(a)

   Navios Maritime Holdings Inc.      
          
 

(b)

  

C/O International Shipping Enterprises

1225 Franklin Ave, Suite 325

Garden City, NY 11530

     
Item 2.           
 

(a)

   DePrince, Race & Zollo, Inc.      
          
 

(b)

  

250 Park Ave South, Suite 250

Winter Park, FL 32789

     
          
 

(c)

   USA      
          
 

(d)

   common stock      
          
 

(e)

   Y62196103      
          
Item 3.     
  (e)    X   


Item 4.    Ownership      
   (a)    3,678,399 shares      
   (b)    4.49%      
   (c)    (i)    3,678,399 shares      
      (iii)    3,678,399 shares      
Item 5.    Ownership of Five Percent or Less of a Class   
   N/A   
Item 6.    Ownership of More than Five Percent on Behalf of Another Person.      
   N/A      
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
   N/A
Item 8.    Identification and Classification of Members of the Group      
   N/A      
Item 9.    Notice of Dissolution of Group      
   N/A      
Item 10.    Certification      
   By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.      


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: 07/09/2007

/s/ Angela R. Petrucelly

Signature
Angela R. Petrucelly – COO