Navient Co. (NASDAQ:NAVI) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd grew its position in shares of Navient Co. (NASDAQ:NAVI – Get Rating) by 301.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,857 shares of the credit services provider’s stock after purchasing an additional 160,526 shares during the period. WINTON GROUP Ltd’s holdings in Navient were worth $4,538,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its position in shares of Navient by 536.9% during the third quarter. Allianz Asset Management GmbH now owns 1,683,262 shares of the credit services provider’s stock worth $33,210,000 after acquiring an additional 1,418,986 shares during the period. Morgan Stanley increased its position in shares of Navient by 43.2% during the third quarter. Morgan Stanley now owns 1,603,781 shares of the credit services provider’s stock worth $31,642,000 after acquiring an additional 484,155 shares during the period. North Star Asset Management Inc. purchased a new stake in shares of Navient during the fourth quarter worth $19,108,000. First Trust Advisors LP increased its position in shares of Navient by 10.3% during the fourth quarter. First Trust Advisors LP now owns 653,239 shares of the credit services provider’s stock worth $13,862,000 after acquiring an additional 61,050 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Navient by 15.9% during the third quarter. American Century Companies Inc. now owns 557,536 shares of the credit services provider’s stock worth $11,000,000 after acquiring an additional 76,342 shares during the period. Institutional investors own 80.27% of the company’s stock.

Shares of NAVI stock traded down $0.29 during mid-day trading on Friday, hitting $16.22. 1,146,106 shares of the stock were exchanged, compared to its average volume of 1,636,928. The stock’s fifty day simple moving average is $16.81 and its two-hundred day simple moving average is $18.81. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 4.40 and a beta of 1.65. Navient Co. has a 12-month low of $15.61 and a 12-month high of $23.80. The company has a debt-to-equity ratio of 25.03, a quick ratio of 19.55 and a current ratio of 19.55.

Navient (NASDAQ:NAVI – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. Navient had a return on equity of 14.12% and a net margin of 18.20%. The company had revenue of $276.00 million for the quarter, compared to analyst estimates of $258.20 million. During the same quarter last year, the company posted $1.71 earnings per share. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, research analysts expect that Navient Co. will post 3.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Friday, March 4th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, March 3rd. This represents a $0.64 annualized dividend and a dividend yield of 3.95%. Navient’s dividend payout ratio (DPR) is 17.34%.

Several research firms recently commented on NAVI. Credit Suisse Group dropped their target price on Navient from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, January 27th. Barclays dropped their target price on Navient from $26.00 to $25.00 in a report on Monday, January 10th. StockNews.com began coverage on Navient in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Compass Point lowered Navient from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Thursday, March 31st. Finally, TheStreet lowered Navient from a “b” rating to a “c+” rating in a report on Tuesday, January 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.00.

In other Navient news, major shareholder Newbury Investors Llc bought 315,408 shares of the firm’s stock in a transaction dated Thursday, March 31st. The stock was acquired at an average price of $17.13 per share, for a total transaction of $5,402,939.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.85% of the stock is currently owned by corporate insiders.

Navient Profile (Get Rating)

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 through three segments: Federal Education Loans, Consumer Lending, and Business Processing.

Further Reading