Blueshift Asset Management LLC grew its position in Navient Corp (NASDAQ:NAVI) by 125.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,575 shares of the credit services provider’s stock after acquiring an additional 17,032 shares during the quarter. Blueshift Asset Management LLC’s holdings in Navient were worth $418,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NAVI. Huntington National Bank lifted its stake in shares of Navient by 190.0% in the 4th quarter. Huntington National Bank now owns 2,900 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 1,900 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Navient in the 4th quarter valued at about $82,000. Penserra Capital Management LLC acquired a new position in shares of Navient in the 4th quarter valued at about $148,000. Stifel Financial Corp lifted its stake in shares of Navient by 19.4% in the 3rd quarter. Stifel Financial Corp now owns 12,658 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 2,054 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Navient in the 4th quarter valued at about $181,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on NAVI. Barclays raised Navient from an “equal weight” rating to an “overweight” rating and set a $11.00 price objective on the stock in a research note on Tuesday, March 17th. BidaskClub lowered Navient from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 26th. Citigroup reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Navient in a research note on Tuesday, March 17th. Credit Suisse Group reaffirmed a “hold” rating and issued a $14.50 price objective on shares of Navient in a research note on Thursday, January 23rd. Finally, Stephens began coverage on Navient in a research note on Tuesday, December 10th. They issued an “equal weight” rating and a $17.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.13.
Shares of NASDAQ:NAVI opened at $7.99 on Thursday. The company has a market cap of $1.37 billion, a P/E ratio of 3.11, a PEG ratio of 0.13 and a beta of 2.16. The company has a debt-to-equity ratio of 24.40, a quick ratio of 10.68 and a current ratio of 10.68. Navient Corp has a one year low of $4.07 and a one year high of $15.67. The business’s 50-day simple moving average is $11.13 and its 200 day simple moving average is $12.96.
Navient (NASDAQ:NAVI) last announced its earnings results on Tuesday, January 21st. The credit services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. The business had revenue of $294.00 million for the quarter, compared to the consensus estimate of $298.33 million. Navient had a return on equity of 18.15% and a net margin of 10.80%. During the same period last year, the business posted $0.58 EPS. Analysts predict that Navient Corp will post 3.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.64 annualized dividend and a dividend yield of 8.01%. Navient’s payout ratio is currently 24.24%.
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.
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