Navient Corp (NASDAQ:NAVI) EVP Stephen M. Hauber sold 9,000 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $13.63, for a total value of $122,670.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NASDAQ:NAVI traded down $0.09 on Friday, reaching $13.45. 730,843 shares of the company traded hands, compared to its average volume of 1,853,239. Navient Corp has a fifty-two week low of $8.23 and a fifty-two week high of $15.02. The company has a market capitalization of $3.22 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 2.15 and a beta of 2.34. The company has a debt-to-equity ratio of 25.60, a quick ratio of 12.43 and a current ratio of 12.43.
Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.12. Navient had a return on equity of 15.10% and a net margin of 6.99%. The company had revenue of $285.00 million during the quarter, compared to the consensus estimate of $304.67 million. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, research analysts forecast that Navient Corp will post 2.1 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in NAVI. Dimensional Fund Advisors LP raised its stake in Navient by 11.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,661,010 shares of the credit services provider’s stock valued at $158,061,000 after purchasing an additional 1,456,612 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Navient by 781.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 907,606 shares of the credit services provider’s stock valued at $103,000 after purchasing an additional 804,586 shares during the period. BlackRock Inc. raised its stake in Navient by 3.3% during the 4th quarter. BlackRock Inc. now owns 23,806,736 shares of the credit services provider’s stock valued at $209,740,000 after purchasing an additional 763,973 shares during the period. Southside Capital LLC acquired a new stake in Navient during the 4th quarter valued at $6,105,000. Finally, MFN Partners Management LP acquired a new stake in Navient during the 1st quarter valued at $7,521,000. 98.89% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently commented on the company. BidaskClub upgraded Navient from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Zacks Investment Research upgraded Navient from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Oppenheimer reiterated a “hold” rating on shares of Navient in a research report on Friday, January 25th. JPMorgan Chase & Co. upgraded Navient from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.50 to $14.50 in a research report on Thursday, April 25th. Finally, ValuEngine upgraded Navient from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Navient has a consensus rating of “Buy” and an average price target of $15.21.
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Navient Company 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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