Navient Corp Short Interest Down 23.0% in July (NAVI)
Navient Corp (NASDAQ:NAVI) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 7,191,141 shares, a decrease of 23.0% from the July 15th total of 9,336,423 shares, Analyst RN reports. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 2,561,808 shares, the short-interest ratio is currently 2.8 days.
In other Navient Corp news, Director Barry Lawson Williams sold 14,450 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $17.42, for a total transaction of $251,719.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Compass Point reiterated a “focus list” rating on shares of Navient Corp in a research note on Monday, July 14th. Separately, analysts at TheStreet downgraded shares of Navient Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 3rd. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Navient Corp in a research note on Tuesday, May 20th. They set a “buy” rating and a $18.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Navient Corp currently has an average rating of “Buy” and a consensus target price of $18.00.
Navient Corp (NASDAQ:NAVI) opened at 17.10 on Tuesday. Navient Corp has a 52 week low of $15.00 and a 52 week high of $18.28. The stock has a 50-day moving average of $17.62 and a 200-day moving average of $16.9. The company has a market cap of $7.172 billion and a P/E ratio of 7.25.
Navient Corp (NASDAQ:NAVI) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.03. The company had revenue of $662.00 million for the quarter, compared to the consensus estimate of $572.33 million. The company’s quarterly revenue was down 15.6% on a year-over-year basis. Analysts expect that Navient Corp will post $2.05 EPS for the current fiscal year.
Navient Corporation holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (NASDAQ:NAVI), as well as the portfolio of private education loans (Private Education Loans).
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