Navient (NASDAQ:NAVI) Hits New 1-Year Low at $15.42

Navient Co. (NASDAQ:NAVIGet Rating) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $15.42 and last traded at $15.53, with a volume of 34794 shares traded. The stock had previously closed at $15.87.

NAVI has been the topic of several research analyst reports. Credit Suisse Group dropped their price objective on shares of Navient from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. StockNews.com started coverage on Navient in a report on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. cut shares of Navient from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $21.00 to $17.00 in a research report on Monday, April 11th. TheStreet cut shares of Navient from a “b” rating to a “c+” rating in a research note on Tuesday, January 25th. Finally, Compass Point lowered shares of Navient from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.00.

The business’s fifty day moving average price is $16.78 and its 200-day moving average price is $18.78. The company has a debt-to-equity ratio of 25.03, a quick ratio of 19.55 and a current ratio of 19.55. The stock has a market cap of $2.31 billion, a PE ratio of 4.23 and a beta of 1.65.

Navient (NASDAQ:NAVIGet Rating) last announced its earnings results on Tuesday, April 26th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. The company had revenue of $276.00 million during the quarter, compared to analyst estimates of $258.20 million. Navient had a net margin of 18.20% and a return on equity of 14.12%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.71 earnings per share. Analysts forecast 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. Investors of record on Friday, March 4th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, March 3rd. This represents a $0.64 annualized dividend and a yield of 4.09%. Navient’s dividend payout ratio (DPR) is 17.34%.

In other news, major shareholder Newbury Investors Llc purchased 315,408 shares of the company’s stock in a transaction on Thursday, March 31st. The stock was acquired at an average cost 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 available through the SEC website. Corporate insiders own 2.85% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Navient by 122.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 23,153 shares of the credit services provider’s stock valued at $492,000 after purchasing an additional 12,749 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Navient by 18.2% during the 3rd quarter. Deutsche Bank AG now owns 428,424 shares of the credit services provider’s stock valued at $8,453,000 after purchasing an additional 65,998 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Navient by 75.4% during the 4th quarter. Bessemer Group Inc. now owns 49,040 shares of the credit services provider’s stock valued at $1,041,000 after purchasing an additional 21,080 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of Navient by 8.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 151,715 shares of the credit services provider’s stock valued at $2,993,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Spire Wealth Management bought a new position in shares of Navient during the 4th quarter valued at about $29,000. 80.27% of the stock is owned by institutional investors and hedge funds.

Navient Company Profile (NASDAQ:NAVI)

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

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Navient (NASDAQ:NAVI) Hits New 1-Year Low at $15.42

Navient Co. (NASDAQ:NAVIGet Rating) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $15.42 and last traded at $15.53, with a volume of 34794 shares traded. The stock had previously closed at $15.87.

Several research analysts recently commented on the stock. StockNews.com initiated coverage on shares of Navient in a report on Thursday, March 31st. They set a “hold” rating for the company. Compass Point cut Navient from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research note on Thursday, March 31st. JPMorgan Chase & Co. cut Navient from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $21.00 to $17.00 in a research note on Monday, April 11th. Credit Suisse Group cut their target price on Navient from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, January 27th. Finally, Barclays lowered their price target on shares of Navient from $26.00 to $25.00 in a report on Monday, January 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.00.

The company has a quick ratio of 19.55, a current ratio of 19.55 and a debt-to-equity ratio of 25.03. The stock has a market cap of $2.31 billion, a P/E ratio of 4.23 and a beta of 1.65. The business’s 50-day simple moving average is $16.78 and its two-hundred day simple moving average is $18.78.

Navient (NASDAQ:NAVIGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The credit services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. Navient had a net margin of 18.20% and a return on equity of 14.12%. The company had revenue of $276.00 million during the quarter, compared to analyst estimates of $258.20 million. During the same period last year, the business earned $1.71 earnings per share. Navient’s revenue was down 6.4% compared to the same quarter last year. Analysts anticipate that Navient Co. will post 3.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Friday, March 4th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, March 3rd. Navient’s dividend payout ratio is currently 17.34%.

In related news, major shareholder Newbury Investors Llc bought 315,408 shares of the stock in a transaction that occurred on Thursday, March 31st. The shares were acquired at an average cost of $17.13 per share, with a total value of $5,402,939.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.85% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. increased its stake in shares of Navient by 122.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 23,153 shares of the credit services provider’s stock worth $492,000 after buying an additional 12,749 shares during the period. Deutsche Bank AG raised its holdings in Navient by 18.2% in the 3rd quarter. Deutsche Bank AG now owns 428,424 shares of the credit services provider’s stock worth $8,453,000 after purchasing an additional 65,998 shares in the last quarter. Bessemer Group Inc. raised its holdings in Navient by 75.4% in the 4th quarter. Bessemer Group Inc. now owns 49,040 shares of the credit services provider’s stock worth $1,041,000 after purchasing an additional 21,080 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in Navient by 8.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 151,715 shares of the credit services provider’s stock worth $2,993,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Spire Wealth Management bought a new position in Navient in the 4th quarter worth $29,000. 80.27% of the stock is currently owned by institutional investors.

Navient Company Profile (NASDAQ:NAVI)

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

Receive News & Ratings for Navient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient and related companies with MarketBeat.com's FREE daily email newsletter.