18,656 Shares in Navient Co. (NASDAQ:NAVI) Purchased by Trexquant Investment LP

Trexquant Investment LP bought a new position in shares of Navient Co. (NASDAQ:NAVIFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,656 shares of the credit services provider’s stock, valued at approximately $347,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Navient by 13.1% during the third quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock worth $90,000 after buying an additional 607 shares in the last quarter. CI Investments Inc. boosted its holdings in shares of Navient by 5,209.1% in the 3rd quarter. CI Investments Inc. now owns 9,291 shares of the credit services provider’s stock worth $160,000 after purchasing an additional 9,116 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Navient by 1,762.0% in the 4th quarter. International Assets Investment Management LLC now owns 9,310 shares of the credit services provider’s stock worth $173,000 after purchasing an additional 8,810 shares in the last quarter. Dimension Capital Management LLC purchased a new position in shares of Navient in the 3rd quarter worth about $195,000. Finally, Pathstone Family Office LLC boosted its holdings in shares of Navient by 9.8% in the 3rd quarter. Pathstone Family Office LLC now owns 11,542 shares of the credit services provider’s stock worth $199,000 after purchasing an additional 1,029 shares in the last quarter. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen cut their price objective on Navient from $14.00 to $13.00 and set a “sell” rating for the company in a report on Friday, April 26th. Keefe, Bruyette & Woods cut their price objective on Navient from $19.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. cut their price objective on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, Barclays lowered their target price on Navient from $13.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.10.

Get Our Latest Research Report on Navient

Navient Trading Down 0.7 %

NAVI opened at $14.97 on Tuesday. The business has a 50 day simple moving average of $15.97 and a two-hundred day simple moving average of $16.81. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 9.60 and a beta of 1.39. The company has a debt-to-equity ratio of 18.38, a current ratio of 12.52 and a quick ratio of 12.52. Navient Co. has a one year low of $14.10 and a one year high of $19.69.

Navient (NASDAQ:NAVIGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $163.00 million during the quarter, compared to analyst estimates of $188.04 million. Navient had a return on equity of 12.09% and a net margin of 3.93%. Analysts predict that Navient Co. will post 1.66 EPS for the current year.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Friday, June 7th. Navient’s payout ratio is 41.03%.

Insider Buying and Selling at Navient

In other Navient news, EVP Mark L. Heleen sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $16.00, for a total transaction of $160,000.00. Following the completion of the transaction, the executive vice president now owns 393,611 shares of the company’s stock, valued at approximately $6,297,776. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 27.99% of the stock is currently owned by corporate insiders.

Navient Company Profile

(Free Report)

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.

Further Reading

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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