Navient Co. (NASDAQ:NAVI) Shares Sold by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC decreased its holdings in Navient Co. (NASDAQ:NAVI) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,280 shares of the credit services provider’s stock after selling 3,275 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Navient were worth $469,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its position in Navient by 12.6% in the 3rd quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock valued at $221,000 after buying an additional 1,587 shares during the period. Wedge Capital Management L L P NC grew its stake in Navient by 4.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 47,774 shares of the credit services provider’s stock worth $635,000 after purchasing an additional 2,190 shares in the last quarter. Xponance Inc. increased its holdings in Navient by 12.9% during the 4th quarter. Xponance Inc. now owns 23,460 shares of the credit services provider’s stock worth $312,000 after purchasing an additional 2,687 shares during the period. Principal Financial Group Inc. raised its position in Navient by 0.9% in the 4th quarter. Principal Financial Group Inc. now owns 374,879 shares of the credit services provider’s stock valued at $4,982,000 after purchasing an additional 3,445 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Navient by 4.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 79,760 shares of the credit services provider’s stock valued at $1,060,000 after purchasing an additional 3,541 shares in the last quarter. Institutional investors and hedge funds own 97.14% of the company’s stock.

Navient Price Performance

Shares of NASDAQ:NAVI opened at $11.01 on Friday. The company’s fifty day moving average price is $13.16 and its 200 day moving average price is $14.12. The firm has a market capitalization of $1.13 billion, a P/E ratio of 9.49 and a beta of 1.24. Navient Co. has a 12 month low of $10.53 and a 12 month high of $16.97. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49.

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

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date was Friday, March 7th. Navient’s payout ratio is currently 55.17%.

Analysts Set New Price Targets

A number of analysts recently weighed in on NAVI shares. JPMorgan Chase & Co. cut their target price on shares of Navient from $13.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday. StockNews.com lowered shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Bank of America decreased their price objective 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. Seaport Res Ptn upgraded Navient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods decreased their price target on Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, Navient presently has an average rating of “Hold” and a consensus target price of $13.00.

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.