Campbell & CO Investment Adviser LLC lowered its holdings in Navient Co. (NASDAQ:NAVI) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,422 shares of the credit services provider’s stock after selling 6,351 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Navient were worth $436,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cooperman Leon G lifted its holdings in shares of Navient by 7.1% during the 3rd quarter. Cooperman Leon G now owns 3,180,000 shares of the credit services provider’s stock worth $26,871,000 after acquiring an additional 210,000 shares during the period. UBS Asset Management Americas Inc. increased its position in Navient by 13.0% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 433,563 shares of the credit services provider’s stock worth $3,664,000 after purchasing an additional 49,720 shares in the last quarter. Intersect Capital LLC increased its position in Navient by 11.9% during the 4th quarter. Intersect Capital LLC now owns 11,367 shares of the credit services provider’s stock worth $112,000 after purchasing an additional 1,208 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Navient by 7.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 84,814 shares of the credit services provider’s stock valued at $716,000 after acquiring an additional 6,217 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Navient by 38.9% during the third quarter. AQR Capital Management LLC now owns 1,436,515 shares of the credit services provider’s stock worth $12,139,000 after buying an additional 402,246 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on NAVI. Barclays increased their price objective on shares of Navient from $13.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, January 28th. JPMorgan Chase & Co. lowered shares of Navient from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Navient has an average rating of “Buy” and an average target price of $12.00.
NAVI opened at $12.24 on Tuesday. The company has a debt-to-equity ratio of 34.94, a current ratio of 12.02 and a quick ratio of 12.02. The company’s 50-day moving average is $11.65 and its 200 day moving average is $9.80. Navient Co. has a fifty-two week low of $4.07 and a fifty-two week high of $13.77. The firm has a market capitalization of $2.28 billion, a P/E ratio of 6.24 and a beta of 1.82.
Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Monday, January 25th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. Navient had a net margin of 9.65% and a return on equity of 25.22%. The business had revenue of $241.00 million during the quarter, compared to the consensus estimate of $283.38 million. During the same quarter last year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities research analysts expect that Navient Co. will post 3.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 19th. Stockholders of record on Friday, March 5th will be paid a $0.16 dividend. The ex-dividend date is Thursday, March 4th. This represents a $0.64 annualized dividend and a dividend yield of 5.23%. Navient’s payout ratio is 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 through four segments: Federal Education Loans, Consumer Lending, Business Processing, and Other.
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