Navient Co. (NASDAQ:NAVI) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP boosted its position in Navient Co. (NASDAQ:NAVI) by 46.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,526 shares of the credit services provider’s stock after purchasing an additional 6,800 shares during the period. Entropy Technologies LP’s holdings in Navient were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in shares of Navient by 47.0% during the 3rd 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 period. nVerses Capital LLC acquired a new stake in shares of Navient during the 3rd quarter valued at approximately $87,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Navient during the 3rd quarter valued at approximately $95,000. Covestor Ltd lifted its position in shares of Navient by 24.6% during the 3rd quarter. Covestor Ltd now owns 7,360 shares of the credit services provider’s stock valued at $115,000 after acquiring an additional 1,455 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Navient during the 3rd quarter valued at approximately $174,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NAVI. JPMorgan Chase & Co. reduced their price target on shares of Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Bank of America reduced their price target on shares of Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. StockNews.com cut shares of Navient from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. TD Cowen dropped their price objective on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Seaport Res Ptn raised shares of Navient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.90.

Navient Stock Up 0.8 %

NAVI stock opened at $13.60 on Friday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 11.72 and a beta of 1.43. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48. Navient Co. has a one year low of $12.73 and a one year high of $17.56. The company has a 50 day moving average price of $13.90 and a two-hundred day moving average price of $14.88.

Navient (NASDAQ:NAVI) last released its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. As a group, sell-side analysts expect that Navient Co. will post 1.04 EPS for the current year.

Navient Profile

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.