Navient Corporation $NAVI Shares Acquired by Tudor Investment Corp ET AL

by · The Cerbat Gem

Tudor Investment Corp ET AL boosted its position in shares of Navient Corporation (NASDAQ:NAVI – Free Report) by 66.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 590,581 shares of the credit services provider’s stock after purchasing an additional 235,142 shares during the period. Tudor Investment Corp ET AL’s holdings in Navient were worth $7,766,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Orbis Allan Gray Ltd grew its holdings in Navient by 23.2% during the 2nd quarter. Orbis Allan Gray Ltd now owns 2,848,718 shares of the credit services provider’s stock valued at $40,167,000 after purchasing an additional 536,933 shares in the last quarter. American Century Companies Inc. grew its holdings in Navient by 6.8% during the 3rd quarter. American Century Companies Inc. now owns 2,159,730 shares of the credit services provider’s stock valued at $28,400,000 after purchasing an additional 138,020 shares in the last quarter. Lighthouse Investment Partners LLC grew its holdings in Navient by 790.1% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 1,590,339 shares of the credit services provider’s stock valued at $20,913,000 after purchasing an additional 1,411,662 shares in the last quarter. Wellington Management Group LLP grew its holdings in Navient by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,462,585 shares of the credit services provider’s stock valued at $19,233,000 after purchasing an additional 7,284 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Navient by 70.0% during the 3rd quarter. Millennium Management LLC now owns 888,186 shares of the credit services provider’s stock valued at $11,680,000 after purchasing an additional 365,677 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Trading Up 0.6%

Navient stock opened at $8.35 on Tuesday. The firm’s 50-day moving average is $8.93 and its 200-day moving average is $11.25. The company has a debt-to-equity ratio of 16.94, a quick ratio of 9.01 and a current ratio of 9.01. Navient Corporation has a 1 year low of $7.86 and a 1 year high of $16.07. The company has a market cap of $794.00 million, a P/E ratio of -10.18 and a beta of 1.27.

Navient (NASDAQ:NAVI – Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.29). Navient had a positive return on equity of 4.70% and a negative net margin of 2.47%.The business had revenue of $137.00 million during the quarter, compared to the consensus estimate of $144.25 million. During the same quarter in the previous year, the business posted ($0.24) earnings per share. On average, equities analysts expect that Navient Corporation will post 1.04 earnings per share for the current year.

Navient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Friday, March 6th. Navient’s dividend payout ratio (DPR) is -78.05%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Navient from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Navient from $15.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, January 29th. Zacks Research upgraded shares of Navient from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Barclays reduced their price objective on shares of Navient from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Morgan Stanley set a $12.00 price objective on shares of Navient in a research note on Wednesday, January 28th. Six equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Navient has an average rating of “Reduce” and an average target price of $11.38.

Get Our Latest Analysis on NAVI

Navient Company Profile

(Free Report)

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.

See Also

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