Robeco Institutional Asset Management B.V. Trims Stock Position in Navient Corp (NASDAQ:NAVI)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Navient Corp (NASDAQ:NAVI) by 1.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,098,727 shares of the credit services provider’s stock after selling 30,497 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.88% of Navient worth $28,649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MFN Partners Management LP acquired a new stake in shares of Navient during the 1st quarter valued at about $7,521,000. JPMorgan Chase & Co. grew its position in shares of Navient by 293.8% during the 1st quarter. JPMorgan Chase & Co. now owns 863,940 shares of the credit services provider’s stock valued at $9,996,000 after acquiring an additional 644,550 shares during the period. Sapience Investments LLC acquired a new stake in shares of Navient during the 1st quarter valued at about $6,384,000. Dimensional Fund Advisors LP grew its position in shares of Navient by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 12,204,398 shares of the credit services provider’s stock valued at $107,522,000 after acquiring an additional 298,646 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Navient by 139.7% during the 4th quarter. Deutsche Bank AG now owns 507,921 shares of the credit services provider’s stock valued at $4,473,000 after acquiring an additional 296,023 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

A number of research firms have recently commented on NAVI. BidaskClub upgraded Navient from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Credit Suisse Group cut Navient from an “outperform” rating to a “neutral” rating and set a $14.50 target price on the stock. in a research report on Thursday, July 25th. They noted that the move was a valuation call. ValuEngine cut Navient from a “sell” rating to a “strong sell” rating in a research report on Thursday. JPMorgan Chase & Co. upgraded Navient from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $12.50 to $14.50 in a report on Thursday, April 25th. Finally, Oppenheimer reiterated a “hold” rating on shares of Navient in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.67.

In other news, major shareholder Canyon Capital Advisors Llc sold 3,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $14.95, for a total transaction of $52,325,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen M. Hauber sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $13.63, for a total value of $122,670.00. The disclosure for this sale can be found here. Insiders own 1.85% of the company’s stock.

NAVI stock traded down $0.25 during trading on Friday, hitting $13.71. The stock had a trading volume of 1,174,932 shares, compared to its average volume of 2,244,586. The company has a debt-to-equity ratio of 26.20, a current ratio of 13.85 and a quick ratio of 12.43. Navient Corp has a twelve month low of $8.23 and a twelve month high of $15.67. The stock has a market cap of $3.39 billion, a PE ratio of 6.56, a P/E/G ratio of 1.93 and a beta of 2.12. The business’s 50-day moving average price is $13.66.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.20. Navient had a return on equity of 16.82% and a net margin of 8.14%. The company had revenue of $296.00 million for the quarter, compared to analysts’ expectations of $296.50 million. During the same period in the previous year, the firm posted $0.52 EPS. Navient’s revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that Navient Corp will post 2.45 earnings per share for the current fiscal year.

Navient 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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