Navient Corp (NASDAQ:NAVI) Stock Holdings Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Navient Corp (NASDAQ:NAVI) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,930 shares of the credit services provider’s stock after selling 20,500 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of Navient worth $1,791,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Invesco Ltd. raised its stake in Navient by 63.1% during the 2nd 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 during the period. Robeco Institutional Asset Management B.V. raised its stake in Navient by 80.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,779,403 shares of the credit services provider’s stock valued at $48,376,000 after purchasing an additional 1,680,676 shares during the period. Nuveen Asset Management LLC raised its stake in Navient by 52.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,572,997 shares of the credit services provider’s stock valued at $35,121,000 after purchasing an additional 880,568 shares during the period. Parametric Portfolio Associates LLC raised its stake in Navient by 5.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,942,048 shares of the credit services provider’s stock valued at $24,858,000 after purchasing an additional 99,105 shares during the period. Finally, Millennium Management LLC raised its stake in Navient by 35.4% during the 3rd quarter. Millennium Management LLC now owns 661,106 shares of the credit services provider’s stock valued at $8,462,000 after purchasing an additional 172,825 shares during the period. 95.44% of the stock is currently owned by institutional investors.

NAVI stock opened at $15.45 on Friday. The company has a debt-to-equity ratio of 24.40, a current ratio of 10.38 and a quick ratio of 13.16. Navient Corp has a 52-week low of $11.05 and a 52-week high of $15.67. The company has a 50-day moving average of $13.84 and a two-hundred day moving average of $13.44. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 0.21 and a beta of 2.13.

Navient (NASDAQ:NAVI) last released its earnings results on Tuesday, January 21st. The credit services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.10. Navient had a net margin of 10.80% and a return on equity of 18.15%. The business had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $298.33 million. During the same quarter last year, the company earned $0.58 earnings per share. Equities analysts expect that Navient Corp will post 2.91 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on NAVI shares. BidaskClub raised shares of Navient from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets upped their price target on shares of Navient from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Credit Suisse Group reaffirmed a “hold” rating and issued a $14.50 price target on shares of Navient in a research note on Thursday. Wedbush upped their price target on shares of Navient from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, TheStreet cut shares of Navient from a “b-” rating to a “c+” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.00.

About Navient

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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