Navient Corp (NASDAQ:NAVI) Stake Lessened by Bailard Inc.

Bailard Inc. lowered its holdings in Navient Corp (NASDAQ:NAVI) by 13.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,800 shares of the credit services provider’s stock after selling 4,700 shares during the period. Bailard Inc.’s holdings in Navient were worth $381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of Navient by 2.2% in the second quarter. Boston Partners now owns 11,002,631 shares of the credit services provider’s stock valued at $150,080,000 after purchasing an additional 233,256 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Navient by 3.2% in the second quarter. LSV Asset Management now owns 7,099,398 shares of the credit services provider’s stock valued at $96,906,000 after purchasing an additional 218,576 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Navient by 12.4% in the second quarter. Prudential Financial Inc. now owns 4,265,722 shares of the credit services provider’s stock valued at $58,228,000 after purchasing an additional 469,089 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Navient by 63.1% in the second quarter. Invesco Ltd. now owns 4,056,341 shares of the credit services provider’s stock valued at $55,369,000 after purchasing an additional 1,569,552 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Navient by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 3,832,530 shares of the credit services provider’s stock valued at $52,314,000 after purchasing an additional 94,728 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

NASDAQ NAVI opened at $12.15 on Wednesday. Navient Corp has a 1-year low of $8.23 and a 1-year high of $15.67. The company has a current ratio of 13.85, a quick ratio of 13.85 and a debt-to-equity ratio of 26.20. The company has a market capitalization of $2.76 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 1.60 and a beta of 2.16. The firm’s fifty day simple moving average is $12.49 and its 200-day simple moving average is $13.06.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. Navient had a net margin of 8.14% and a return on equity of 16.82%. During the same period in the prior year, the firm earned $0.53 EPS. As a group, analysts predict that Navient Corp will post 2.45 EPS for the current year.

NAVI has been the topic of a number of research reports. BMO Capital Markets set a $17.00 price target on shares of Navient and gave the stock a “hold” rating in a research note on Friday, July 26th. BidaskClub downgraded shares of Navient from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Barclays upped their price target on shares of Navient from $14.00 to $17.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Navient from a “strong-buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a research note on Tuesday, September 24th. Finally, ValuEngine raised shares of Navient from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Navient has a consensus rating of “Hold” and an average price target of $15.83.

Navient Profile

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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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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