Parkside Financial Bank & Trust Sells 2,134 Shares of Navient Corp (NASDAQ:NAVI)

Parkside Financial Bank & Trust reduced its position in Navient Corp (NASDAQ:NAVI) by 39.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,298 shares of the credit services provider’s stock after selling 2,134 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Navient were worth $42,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NAVI. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Navient by 72.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 77,804 shares of the credit services provider’s stock valued at $899,000 after purchasing an additional 32,720 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Navient by 11.6% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 22,412 shares of the credit services provider’s stock valued at $306,000 after purchasing an additional 2,325 shares during the last quarter. Oakbrook Investments LLC boosted its stake in shares of Navient by 48.1% in the 2nd quarter. Oakbrook Investments LLC now owns 19,400 shares of the credit services provider’s stock valued at $265,000 after purchasing an additional 6,300 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Navient by 13.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 101,463 shares of the credit services provider’s stock valued at $1,384,000 after purchasing an additional 11,843 shares during the last quarter. Finally, Perella Weinberg Partners Capital Management LP bought a new stake in shares of Navient in the 2nd quarter valued at $245,000. 95.53% of the stock is currently owned by institutional investors.

Shares of Navient stock traded down $0.04 during trading on Tuesday, reaching $14.48. 16,836 shares of the company traded hands, compared to its average volume of 1,736,744. The company has a debt-to-equity ratio of 26.07, a current ratio of 13.16 and a quick ratio of 13.16. Navient Corp has a 1-year low of $8.23 and a 1-year high of $15.67. The company has a 50 day moving average price of $12.81 and a 200-day moving average price of $13.22. The firm has a market capitalization of $3.16 billion, a PE ratio of 6.94, a P/E/G ratio of 0.23 and a beta of 2.15.

Navient (NASDAQ:NAVI) last released its earnings results on Tuesday, October 22nd. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. Navient had a net margin of 8.80% and a return on equity of 17.50%. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $295.33 million. During the same quarter in the previous year, the company earned $0.53 EPS. Equities research analysts expect that Navient Corp will post 2.51 earnings per share for the current year.

NAVI has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Navient from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research note on Monday, October 28th. ValuEngine lowered shares of Navient from a “sell” rating to a “strong sell” rating in a research note on Friday, October 25th. BMO Capital Markets upped their price objective on shares of Navient from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. TheStreet lowered shares of Navient from a “b-” rating to a “c+” rating in a research note on Monday, October 7th. Finally, Barclays boosted their target price on shares of Navient from $14.00 to $17.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.50.

About Navient

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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