World Asset Management Inc reduced its position in shares of Navient Corporation (NASDAQ:NAVI) by 10.0% during the second quarter, Holdings Channel reports. The firm owned 29,683 shares of the credit services provider’s stock after selling 3,316 shares during the period. World Asset Management Inc’s holdings in Navient Corporation were worth $494,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Navient Corporation by 2,615.0% in the first quarter. BlackRock Inc. now owns 21,395,479 shares of the credit services provider’s stock worth $315,797,000 after buying an additional 20,607,439 shares during the period. Vanguard Group Inc. boosted its stake in shares of Navient Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 39,295,006 shares of the credit services provider’s stock worth $579,995,000 after buying an additional 1,606,973 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Navient Corporation by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,016,645 shares of the credit services provider’s stock worth $133,086,000 after buying an additional 1,022,191 shares during the period. LSV Asset Management boosted its stake in shares of Navient Corporation by 10.5% in the first quarter. LSV Asset Management now owns 5,109,703 shares of the credit services provider’s stock worth $75,419,000 after buying an additional 484,526 shares during the period. Finally, OppenheimerFunds Inc. boosted its stake in shares of Navient Corporation by 275.1% in the first quarter. OppenheimerFunds Inc. now owns 562,679 shares of the credit services provider’s stock worth $8,305,000 after buying an additional 412,669 shares during the period. 95.45% of the stock is owned by institutional investors.

Shares of Navient Corporation (NASDAQ:NAVI) opened at 13.70 on Friday. The company’s 50-day moving average price is $15.54 and its 200-day moving average price is $15.12. Navient Corporation has a 1-year low of $12.66 and a 1-year high of $17.95. The company has a market capitalization of $3.76 billion, a PE ratio of 7.10 and a beta of 2.43.

Navient Corporation (NASDAQ:NAVI) last issued its earnings results on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The business had revenue of $343 million during the quarter, compared to the consensus estimate of $331.67 million. Navient Corporation had a return on equity of 14.05% and a net margin of 11.50%. The firm’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. On average, equities analysts expect that Navient Corporation will post $1.76 earnings per share for the current fiscal year.

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A number of analysts have recently commented on NAVI shares. Zacks Investment Research cut Navient Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised Navient Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Wedbush reaffirmed a “neutral” rating and issued a $16.50 price target on shares of Navient Corporation in a research note on Tuesday, April 18th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Navient Corporation in a research note on Monday, June 12th. Finally, ValuEngine raised Navient Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Navient Corporation has an average rating of “Hold” and a consensus target price of $18.55.

About Navient Corporation

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 Corporation (NASDAQ:NAVI)

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