Navient Corporation $NAVI Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in shares of Navient Corporation (NASDAQ:NAVI) by 290.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 188,946 shares of the credit services provider’s stock after purchasing an additional 140,550 shares during the quarter. WINTON GROUP Ltd’s holdings in Navient were worth $1,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Navient by 11.7% during the 1st quarter. Royal Bank of Canada now owns 98,366 shares of the credit services provider’s stock valued at $1,243,000 after purchasing an additional 10,296 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Navient by 9.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,350 shares of the credit services provider’s stock valued at $2,657,000 after buying an additional 17,483 shares during the period. Russell Investments Group Ltd. boosted its stake in Navient by 77.0% during the second quarter. Russell Investments Group Ltd. now owns 7,766 shares of the credit services provider’s stock valued at $109,000 after buying an additional 3,378 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Navient by 13.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 438,621 shares of the credit services provider’s stock valued at $6,185,000 after buying an additional 52,236 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Navient by 6.4% during the second quarter. First Trust Advisors LP now owns 276,778 shares of the credit services provider’s stock worth $3,903,000 after acquiring an additional 16,611 shares during the period. 97.14% of the stock is owned by institutional investors.

Navient Stock Performance

Shares of Navient stock opened at $9.42 on Friday. Navient Corporation has a 12 month low of $7.33 and a 12 month high of $13.50. The company has a quick ratio of 10.53, a current ratio of 10.53 and a debt-to-equity ratio of 16.73. The stock has a market cap of $883.41 million, a PE ratio of -18.84 and a beta of 1.18. The business has a fifty day simple moving average of $8.94 and a 200-day simple moving average of $8.57.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Thursday, August 6th. The credit services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $142.87 million. Navient had a positive return on equity of 4.68% and a negative net margin of 1.64%.During the same period in the previous year, the firm earned $0.20 earnings per share. On average, sell-side analysts anticipate that Navient Corporation will post 0.78 EPS for the current fiscal year.

Navient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Friday, September 4th. Navient’s payout ratio is -128.00%.

Wall Street Analysts Forecast Growth

NAVI has been the topic of several research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Navient in a research report on Wednesday, June 24th. TD Cowen restated a “sell” rating on shares of Navient in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Navient from $9.50 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Five research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $9.14.

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.