Bridgeway Capital Management LLC Has $12.19 Million Stock Holdings in Navient Co. (NASDAQ:NAVI)

Bridgeway Capital Management LLC raised its stake in Navient Co. (NASDAQ:NAVI - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 917,232 shares of the credit services provider's stock after acquiring an additional 22,765 shares during the period. Bridgeway Capital Management LLC owned about 0.85% of Navient worth $12,190,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Navient by 6.4% during the fourth quarter. American Century Companies Inc. now owns 1,822,583 shares of the credit services provider's stock worth $24,222,000 after purchasing an additional 109,229 shares during the last quarter. Northern Trust Corp lifted its position in Navient by 14.6% during the 4th quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider's stock worth $20,832,000 after buying an additional 199,937 shares in the last quarter. Wellington Management Group LLP grew its holdings in Navient by 47.4% during the 4th quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock worth $17,488,000 after acquiring an additional 423,013 shares during the last quarter. Bank of New York Mellon Corp increased its position in Navient by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,149,599 shares of the credit services provider's stock valued at $15,278,000 after acquiring an additional 10,788 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Navient by 69.4% in the 4th quarter. Bank of America Corp DE now owns 667,372 shares of the credit services provider's stock valued at $8,869,000 after acquiring an additional 273,483 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors.

Navient Price Performance

Navient stock traded up $0.29 during trading hours on Monday, reaching $13.80. 248,779 shares of the stock were exchanged, compared to its average volume of 804,176. The stock has a 50 day moving average of $12.44 and a two-hundred day moving average of $13.63. The company has a market cap of $1.40 billion, a P/E ratio of 11.90 and a beta of 1.38. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35. Navient Co. has a twelve month low of $10.53 and a twelve month high of $16.97.

Navient (NASDAQ:NAVI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. The firm had revenue of $156.00 million for the quarter, compared to analyst estimates of $150.40 million. Navient had a return on equity of 6.69% and a net margin of 2.96%. During the same period last year, the firm posted $0.47 earnings per share. Equities analysts expect that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Friday, June 6th. Navient's dividend payout ratio (DPR) is 128.00%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com cut shares of Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods cut their price target on Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. TD Securities lifted their price objective on Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a research report on Thursday, May 1st. Jefferies Financial Group decreased their price objective on Navient from $14.00 to $12.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Navient from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.93.

About Navient

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.