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

WINTON GROUP Ltd boosted its holdings in Navient Corporation (NASDAQ:NAVI) by 208.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 292,120 shares of the credit services provider’s stock after purchasing an additional 197,395 shares during the quarter. WINTON GROUP Ltd’s holdings in Navient were worth $3,798,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NAVI. Lighthouse Investment Partners LLC lifted its position in Navient by 790.1% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 1,590,339 shares of the credit services provider’s stock valued at $20,913,000 after acquiring an additional 1,411,662 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in Navient by 23.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 2,848,718 shares of the credit services provider’s stock valued at $40,167,000 after acquiring an additional 536,933 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Navient by 37.8% during the 4th 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. Millennium Management LLC lifted its position in shares of Navient by 70.0% during 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 in the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in shares of Navient by 66.2% during the 3rd quarter. Tudor Investment Corp ET AL now owns 590,581 shares of the credit services provider’s stock worth $7,766,000 after buying an additional 235,142 shares in the last quarter. Institutional investors own 97.14% of the company’s stock.

Navient Price Performance

NAVI opened at $7.81 on Monday. The company has a fifty day moving average price of $8.43 and a 200-day moving average price of $10.08. The firm has a market capitalization of $734.05 million, a P/E ratio of -12.40 and a beta of 1.20. The company has a debt-to-equity ratio of 16.49, a current ratio of 7.67 and a quick ratio of 7.67. Navient Corporation has a one year low of $7.33 and a one year high of $16.07.

Navient (NASDAQ:NAVI) last released 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 firm had revenue of $152.00 million during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.25 EPS. Equities research analysts expect that Navient Corporation will post 0.71 earnings per share for the current fiscal year.

Navient Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on NAVI shares. TD Cowen lifted their target price on shares of Navient from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Thursday, April 30th. Morgan Stanley dropped their target price on shares of Navient from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Bank of America started coverage on shares of Navient in a research report on Monday, April 20th. They set an “underperform” rating and a $7.00 target price on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Navient in a research report on Friday, March 27th. Finally, Barclays lifted their target price on shares of Navient from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Five analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $9.29.

Navient 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.