UBS Group AG Has $4.19 Million Holdings in Navient Corporation $NAVI

UBS Group AG cut its stake in Navient Corporation (NASDAQ:NAVI) by 28.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,227 shares of the credit services provider’s stock after selling 129,746 shares during the period. UBS Group AG owned about 0.33% of Navient worth $4,189,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC raised its holdings in shares of Navient by 105.8% in the 4th quarter. SG Americas Securities LLC now owns 55,285 shares of the credit services provider’s stock worth $719,000 after buying an additional 28,418 shares in the last quarter. GAMMA Investing LLC grew its position in Navient by 70.5% during the 4th quarter. GAMMA Investing LLC now owns 1,978 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 818 shares during the last quarter. JPMorgan Chase & Co. grew its position in Navient by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 749,903 shares of the credit services provider’s stock worth $9,861,000 after acquiring an additional 12,153 shares during the last quarter. Tudor Investment Corp ET AL grew its position in Navient by 66.2% during the 3rd quarter. Tudor Investment Corp ET AL now owns 590,581 shares of the credit services provider’s stock worth $7,766,000 after acquiring an additional 235,142 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Navient by 457.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 147,085 shares of the credit services provider’s stock worth $1,934,000 after acquiring an additional 120,711 shares during the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Navient in a research report on Friday, March 27th. JPMorgan Chase & Co. decreased their price target on Navient from $10.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Zacks Research upgraded Navient from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Barclays increased their price target on Navient from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Navient from $15.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.29.

Navient Stock Up 1.1%

Shares of NAVI opened at $8.44 on Friday. The firm has a market capitalization of $793.28 million, a price-to-earnings ratio of -13.40 and a beta of 1.24. The company has a debt-to-equity ratio of 16.49, a quick ratio of 7.67 and a current ratio of 7.67. The business’s fifty day moving average price is $8.43 and its two-hundred day moving average price is $10.35. Navient Corporation has a 52 week low of $7.80 and a 52 week high of $16.07.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $152.00 million for the quarter, compared to analyst estimates of $141.47 million. Navient had a positive return on equity of 4.39% and a negative net margin of 1.94%.During the same period last year, the company earned $0.25 EPS. On average, analysts predict that Navient Corporation will post 0.71 earnings per share for the current year.

Navient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Friday, June 5th. Navient’s dividend payout ratio (DPR) is presently -101.59%.

About Navient

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.