Hotchkis & Wiley Capital Management LLC Has $11.46 Million Stock Holdings in Navient Corporation $NAVI

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Navient Corporation (NASDAQ:NAVI) by 3.1%, owning approximately 0.90% of the company with holdings valued at $11.46 million.
• Navient recently reported Q2 earnings of $0.21 per share, falling short of the consensus estimate of $0.27, with revenue of $156 million.
• The company announced a quarterly dividend of $0.16, representing a 4.7% dividend yield, which will be paid to shareholders on September 19th.

Hotchkis & Wiley Capital Management LLC increased its stake in shares of Navient Corporation (NASDAQ:NAVI - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 907,116 shares of the credit services provider's stock after buying an additional 27,340 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.90% of Navient worth $11,457,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NAVI. Sterling Capital Management LLC grew its stake in Navient by 815.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock worth $32,000 after buying an additional 2,176 shares during the last quarter. Quantbot Technologies LP bought a new position in Navient during the 1st quarter worth $40,000. New Age Alpha Advisors LLC bought a new position in Navient during the 1st quarter worth $71,000. Covestor Ltd grew its stake in Navient by 15.7% during the 1st quarter. Covestor Ltd now owns 7,303 shares of the credit services provider's stock worth $92,000 after buying an additional 993 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Navient by 2,663.1% during the 1st quarter. GAMMA Investing LLC now owns 8,096 shares of the credit services provider's stock valued at $102,000 after acquiring an additional 7,803 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors.

Navient Stock Down 0.2%

Navient stock traded down $0.02 during trading hours on Friday, hitting $13.64. The company had a trading volume of 75,232 shares, compared to its average volume of 804,828. The firm has a market capitalization of $1.36 billion, a P/E ratio of 43.99 and a beta of 1.37. The company has a debt-to-equity ratio of 16.52, a current ratio of 9.94 and a quick ratio of 9.94. The firm's fifty day moving average is $13.80 and its 200-day moving average is $13.28. Navient Corporation has a fifty-two week low of $10.53 and a fifty-two week high of $16.97.

Navient (NASDAQ:NAVI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The company had revenue of $156.00 million during the quarter, compared to analyst estimates of $156.20 million. Navient had a net margin of 0.89% and a return on equity of 4.08%. During the same quarter in the prior year, the company posted $0.29 EPS. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. On average, research analysts forecast that Navient Corporation will post 1.04 earnings per share for the current year.

Navient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.16 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.64 dividend on an annualized basis and a yield of 4.7%. Navient's payout ratio is 206.45%.

Analysts Set New Price Targets

NAVI has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Thursday, July 31st. TD Securities increased their price target on Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research note on Thursday, May 1st. Morgan Stanley decreased their price target on Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on Navient from $12.50 to $15.50 and gave the company a "neutral" rating in a research note on Friday, July 11th. Finally, TD Cowen cut Navient from a "hold" rating to a "strong sell" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $13.56.

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.