Quinn Opportunity Partners LLC Purchases Shares of 60,000 Navient Corp (NAVI)

Quinn Opportunity Partners LLC purchased a new position in shares of Navient Corp (NASDAQ:NAVI) during the first quarter, Holdings Channel reports. The fund purchased 60,000 shares of the credit services provider’s stock, valued at approximately $694,000.

Several other hedge funds have also modified their holdings of the company. Doyle Wealth Management purchased a new stake in Navient in the fourth quarter valued at approximately $46,000. Bessemer Group Inc. boosted its position in Navient by 165.5% in the fourth quarter. Bessemer Group Inc. now owns 5,437 shares of the credit services provider’s stock valued at $48,000 after buying an additional 3,389 shares during the last quarter. Jane Street Group LLC purchased a new stake in Navient in the fourth quarter valued at approximately $93,000. Signition LP boosted its position in Navient by 13.6% in the fourth quarter. Signition LP now owns 11,362 shares of the credit services provider’s stock valued at $100,000 after buying an additional 1,358 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Navient by 781.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 907,606 shares of the credit services provider’s stock valued at $103,000 after buying an additional 804,586 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Navient stock opened at $13.54 on Friday. The company has a debt-to-equity ratio of 25.60, a quick ratio of 12.43 and a current ratio of 12.43. Navient Corp has a 12 month low of $8.23 and a 12 month high of $15.02. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 6.48, a P/E/G ratio of 2.15 and a beta of 2.34.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.12. Navient had a return on equity of 15.10% and a net margin of 6.99%. The business had revenue of $285.00 million for the quarter, compared to analyst estimates of $304.67 million. During the same quarter in the prior year, the firm posted $0.43 EPS. Sell-side analysts expect that Navient Corp will post 2.1 earnings per share for the current year.

A number of equities research analysts recently commented on NAVI shares. BidaskClub upgraded Navient from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Oppenheimer reiterated a “hold” rating on shares of Navient in a research report on Friday, January 25th. Zacks Investment Research upgraded Navient from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. ValuEngine upgraded Navient from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, BMO Capital Markets upped their target price on Navient from $14.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.21.

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Navient Company Profile

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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