Tudor Investment Corp ET AL Increases Position in Navient Corporation $NAVI

Tudor Investment Corp ET AL lifted its position in shares of Navient Corporation (NASDAQ:NAVI) by 66.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 590,581 shares of the credit services provider’s stock after buying an additional 235,142 shares during the period. Tudor Investment Corp ET AL owned 0.61% of Navient worth $7,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NAVI. Lighthouse Investment Partners LLC lifted its stake in shares of Navient by 790.1% during the third quarter. Lighthouse Investment Partners LLC now owns 1,590,339 shares of the credit services provider’s stock valued at $20,913,000 after buying an additional 1,411,662 shares during the period. Orbis Allan Gray Ltd raised its stake in Navient by 23.2% during the second quarter. Orbis Allan Gray Ltd now owns 2,848,718 shares of the credit services provider’s stock worth $40,167,000 after purchasing an additional 536,933 shares during the period. Millennium Management LLC raised its position in shares of Navient by 70.0% in the 3rd quarter. Millennium Management LLC now owns 888,186 shares of the credit services provider’s stock worth $11,680,000 after buying an additional 365,677 shares during the period. Allianz Asset Management GmbH boosted its holdings in Navient by 44.7% in the third quarter. Allianz Asset Management GmbH now owns 696,720 shares of the credit services provider’s stock valued at $9,162,000 after acquiring an additional 215,103 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Navient by 71.7% in the 3rd quarter. UBS Group AG now owns 451,973 shares of the credit services provider’s stock worth $5,943,000 after purchasing an additional 188,684 shares during the period. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NAVI shares. Zacks Research upgraded Navient from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen upgraded Navient from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Navient in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Navient from $15.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. Finally, Barclays dropped their price objective on shares of Navient from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday. Six investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $11.38.

Navient Price Performance

Navient stock opened at $8.35 on Tuesday. Navient Corporation has a 52-week low of $7.86 and a 52-week high of $16.07. The firm has a fifty day moving average of $8.93 and a 200-day moving average of $11.25. The firm has a market capitalization of $794.00 million, a P/E ratio of -10.18 and a beta of 1.27. The company has a quick ratio of 9.01, a current ratio of 9.01 and a debt-to-equity ratio of 16.94.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.29). The business had revenue of $137.00 million during the quarter, compared to analyst estimates of $144.25 million. Navient had a positive return on equity of 4.70% and a negative net margin of 2.47%.During the same period in the previous year, the company earned ($0.24) EPS. As a group, analysts predict that Navient Corporation will post 1.04 EPS for the current year.

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Friday, March 6th. Navient’s dividend payout ratio (DPR) is presently -78.05%.

Navient Company Profile

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.