WINTON GROUP Ltd Has $3.80 Million Holdings in Navient Corporation $NAVI

WINTON GROUP Ltd lifted its stake in shares of Navient Corporation (NASDAQ:NAVI) by 208.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 292,120 shares of the credit services provider’s stock after buying an additional 197,395 shares during the period. WINTON GROUP Ltd owned about 0.30% of Navient worth $3,798,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Highbridge Capital Management LLC acquired a new position in shares of Navient during the fourth quarter worth $845,000. Goldman Sachs Group Inc. increased its holdings in shares of Navient by 37.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,543,796 shares of the credit services provider’s stock worth $20,069,000 after buying an additional 423,381 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in shares of Navient during the fourth quarter worth $2,990,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Navient by 3,045.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the credit services provider’s stock worth $67,000 after buying an additional 4,964 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Navient by 140.2% during the fourth quarter. AlphaQuest LLC now owns 104,658 shares of the credit services provider’s stock worth $1,361,000 after buying an additional 61,090 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors and hedge funds.

Navient Stock Performance

NASDAQ NAVI opened at $7.81 on Monday. The company has a market capitalization of $734.05 million, a price-to-earnings ratio of -12.40 and a beta of 1.20. Navient Corporation has a twelve month low of $7.33 and a twelve month high of $16.07. The stock has a fifty day simple moving average of $8.43 and a 200 day simple moving average of $10.08. The company has a quick ratio of 7.67, a current ratio of 7.67 and a debt-to-equity ratio of 16.49.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Tuesday, April 28th. The credit services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $152.00 million for the quarter, compared to analysts’ expectations of $141.47 million. Navient had a negative net margin of 1.94% and a positive return on equity of 4.39%. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Sell-side analysts expect that Navient Corporation will post 0.71 EPS for the current year.

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.64 dividend on an annualized basis and a yield of 8.2%. Navient’s dividend payout ratio is -101.59%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NAVI. Wall Street Zen upgraded Navient from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Barclays increased their price objective on Navient from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on Navient from $10.50 to $8.50 and set a “neutral” rating for the company in a report on Thursday, April 9th. Weiss Ratings restated a “sell (d)” rating on shares of Navient in a report on Friday, March 27th. Finally, TD Cowen increased their price objective on Navient from $8.00 to $9.00 and gave the company a “sell” rating in a report on Thursday, April 30th. Five analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Navient presently has an average rating of “Reduce” and an average price target of $9.29.

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.