Navient (NASDAQ:NAVI) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Navient Co. (NASDAQ:NAVI)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.06 and traded as low as $13.04. Navient shares last traded at $13.08, with a volume of 961,755 shares changing hands.

Analyst Ratings Changes

NAVI has been the subject of several recent research reports. Bank of America decreased their price objective on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. JPMorgan Chase & Co. lowered their price objective on shares of Navient from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Barclays lifted their price objective on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. StockNews.com raised shares of Navient from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen decreased their price objective on Navient from $14.00 to $13.00 and set a “sell” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.83.

Navient Stock Down 1.0 %

The company has a market capitalization of $1.39 billion, a PE ratio of 18.77 and a beta of 1.43. The stock’s fifty day moving average is $14.47 and its two-hundred day moving average is $15.03. The company has a current ratio of 9.49, a quick ratio of 9.49 and a debt-to-equity ratio of 16.59.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $0.25 by $1.20. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $150.04 million. Navient had a return on equity of 8.62% and a net margin of 1.71%. During the same quarter in the prior year, the business earned $0.84 earnings per share. As a group, analysts predict that Navient Co. will post 2.47 EPS for the current year.

Navient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date was Friday, December 6th. Navient’s dividend payout ratio is currently 92.75%.

Insider Buying and Selling at Navient

In related news, EVP Stephen M. Hauber sold 10,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. Following the sale, the executive vice president now owns 256,883 shares of the company’s stock, valued at approximately $3,853,245. This represents a 3.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 27.99% of the company’s stock.

Institutional Trading of Navient

Institutional investors and hedge funds have recently bought and sold shares of the company. KBC Group NV grew its position in Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock valued at $68,000 after acquiring an additional 1,392 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Navient during the 3rd quarter worth approximately $87,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Navient in the 3rd quarter worth about $95,000. Covestor Ltd grew its stake in shares of Navient by 24.6% in the 3rd quarter. Covestor Ltd now owns 7,360 shares of the credit services provider’s stock worth $115,000 after buying an additional 1,455 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Navient during the 2nd quarter valued at about $121,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

About Navient

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.