Several other equities analysts have also recently issued reports on the company. Oppenheimer reaffirmed a hold rating on shares of Navient in a research report on Thursday. Zacks Investment Research raised Navient from a sell rating to a hold rating and set a $13.00 price objective on the stock in a research report on Monday. BidaskClub cut Navient from a hold rating to a sell rating in a research report on Friday, October 12th. Finally, ValuEngine raised Navient from a sell rating to a hold rating in a research report on Saturday, October 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $15.79.
Shares of Navient stock traded down $0.22 during midday trading on Thursday, hitting $11.71. The company had a trading volume of 2,488,138 shares, compared to its average volume of 2,840,662. The company has a quick ratio of 21.92, a current ratio of 21.92 and a debt-to-equity ratio of 26.35. The company has a market capitalization of $3.31 billion, a P/E ratio of 6.55 and a beta of 2.15. Navient has a 52-week low of $11.60 and a 52-week high of $15.02.
A number of hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position in Navient by 3.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 357,980 shares of the credit services provider’s stock valued at $4,826,000 after acquiring an additional 11,973 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Navient by 13.3% during the 3rd quarter. First Trust Advisors LP now owns 798,378 shares of the credit services provider’s stock valued at $10,762,000 after buying an additional 93,528 shares during the period. Seven Eight Capital LP bought a new position in shares of Navient during the 3rd quarter valued at $1,381,000. Oakbrook Investments LLC lifted its holdings in shares of Navient by 24.8% during the 3rd quarter. Oakbrook Investments LLC now owns 31,435 shares of the credit services provider’s stock valued at $424,000 after buying an additional 6,240 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Navient by 4.1% during the 3rd quarter. Bank of Montreal Can now owns 1,754,919 shares of the credit services provider’s stock valued at $23,656,000 after buying an additional 68,669 shares during the period. 92.14% of the stock is currently owned by institutional investors and hedge funds.
Navient Company Profile
Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.
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