LSV Asset Management lowered its position in shares of Navient Corp (NASDAQ:NAVI) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,614,050 shares of the credit services provider’s stock after selling 59,100 shares during the period. LSV Asset Management’s holdings in Navient were worth $74,779,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in NAVI. W. E. Donoghue & Co. LLC bought a new stake in shares of Navient during the second quarter valued at approximately $17,303,000. Bank of Montreal Can increased its position in shares of Navient by 56.4% during the fourth quarter. Bank of Montreal Can now owns 2,021,051 shares of the credit services provider’s stock valued at $26,921,000 after acquiring an additional 729,149 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Navient by 27.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,022,265 shares of the credit services provider’s stock valued at $30,375,000 after acquiring an additional 436,644 shares in the last quarter. Koch Industries Inc. bought a new stake in Navient in the 2nd quarter worth approximately $407,000. Finally, Gilman Hill Asset Management LLC bought a new stake in Navient in the 4th quarter worth approximately $3,950,000. 92.43% of the stock is owned by institutional investors.
A number of equities research analysts have commented on the stock. ValuEngine downgraded shares of Navient from a “strong-buy” rating to a “buy” rating in a research report on Friday. Jefferies Group reaffirmed a “hold” rating and issued a $15.00 target price on shares of Navient in a research report on Thursday, January 25th. Zacks Investment Research downgraded shares of Navient from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BidaskClub downgraded shares of Navient from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Finally, UBS Group assumed coverage on shares of Navient in a research report on Monday, January 8th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.45.
In other news, SVP Stephen M. Hauber sold 17,423 shares of Navient stock in a transaction on Monday, January 29th. The shares were sold at an average price of $14.40, for a total transaction of $250,891.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.68% of the company’s stock.
Navient Corp (NAVI) opened at $14.21 on Monday. The firm has a market cap of $3,737.40, a price-to-earnings ratio of 14.07, a PEG ratio of 1.24 and a beta of 2.30. Navient Corp has a one year low of $11.48 and a one year high of $16.97. The company has a debt-to-equity ratio of 30.13, a quick ratio of 33.10 and a current ratio of 22.41.
Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $362.33 million. Navient had a net margin of 5.94% and a return on equity of 13.90%. During the same quarter last year, the company posted $0.43 EPS. equities research analysts forecast that Navient Corp will post 1.91 earnings per share for the current fiscal year.
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Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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