State of Alaska Department of Revenue grew its stake in shares of Navient Corp (NASDAQ:NAVI) by 50.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,170 shares of the credit services provider’s stock after purchasing an additional 22,630 shares during the period. State of Alaska Department of Revenue’s holdings in Navient were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NAVI. PNC Financial Services Group Inc. raised its holdings in shares of Navient by 2.1% during the second quarter. PNC Financial Services Group Inc. now owns 52,557 shares of the credit services provider’s stock valued at $875,000 after purchasing an additional 1,082 shares during the period. Thrivent Financial For Lutherans raised its holdings in shares of Navient by 1.0% during the second quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock valued at $179,000 after purchasing an additional 110 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of Navient by 2.3% during the second quarter. Mutual of America Capital Management LLC now owns 34,022 shares of the credit services provider’s stock valued at $566,000 after purchasing an additional 771 shares during the period. FMR LLC raised its holdings in shares of Navient by 23.9% in the 2nd quarter. FMR LLC now owns 304,213 shares of the credit services provider’s stock worth $5,065,000 after acquiring an additional 58,639 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Navient by 47.5% in the 2nd quarter. Nordea Investment Management AB now owns 66,122 shares of the credit services provider’s stock worth $1,101,000 after acquiring an additional 21,286 shares during the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.

Shares of Navient Corp (NAVI) opened at $14.53 on Friday. The company has a debt-to-equity ratio of 30.13, a current ratio of 22.41 and a quick ratio of 33.10. The firm has a market cap of $3,747.92 and a PE ratio of 8.05. Navient Corp has a fifty-two week low of $11.48 and a fifty-two week high of $16.97.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $366.00 million during the quarter, compared to analyst estimates of $362.33 million. Navient had a net margin of 5.94% and a return on equity of 13.90%. During the same quarter last year, the business posted $0.43 EPS. analysts expect that Navient Corp will post 1.91 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Jefferies Group restated a “hold” rating and issued a $14.00 target price on shares of Navient in a report on Thursday, January 11th. ValuEngine lowered shares of Navient from a “strong-buy” rating to a “buy” rating in a report on Friday. BMO Capital Markets lowered their target price on shares of Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a report on Thursday, October 19th. Citigroup assumed coverage on shares of Navient in a report on Monday, October 16th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Oppenheimer assumed coverage on shares of Navient in a report on Monday, January 8th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.45.

In other Navient news, SVP Stephen M. Hauber sold 17,423 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $14.40, for a total value of $250,891.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.68% of the company’s stock.

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Navient Profile

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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