Navient Corporation $NAVI Shares Acquired by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp increased its stake in Navient by 66.2% in Q3, buying 235,142 shares to own 590,581 shares (about 0.61%) valued at roughly $7.77 million.
• Navient recently missed quarterly estimates (EPS $0.02 vs. $0.31 expected; revenue $137M vs. $144.25M) and trades around $8.24 with a market cap of $783.5M, while analysts' consensus is a “Strong Sell” with an average target of $11.63.
• The company pays a quarterly dividend of $0.16 (annualized yield ~7.8%), but has a negative net margin and payout ratio, and institutional investors own about 97.14% of the stock.

Tudor Investment Corp ET AL boosted its holdings in Navient Corporation (NASDAQ:NAVI - Free Report) by 66.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 590,581 shares of the credit services provider's stock after purchasing an additional 235,142 shares during the period. Tudor Investment Corp ET AL owned about 0.61% of Navient worth $7,766,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. increased its holdings in Navient by 457.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 147,085 shares of the credit services provider's stock worth $1,934,000 after purchasing an additional 120,711 shares during the last quarter. Caxton Associates LLP boosted its stake in shares of Navient by 21.9% during the 3rd quarter. Caxton Associates LLP now owns 166,468 shares of the credit services provider's stock valued at $2,189,000 after buying an additional 29,918 shares during the last quarter. Verition Fund Management LLC grew its position in shares of Navient by 88.7% during the third quarter. Verition Fund Management LLC now owns 20,894 shares of the credit services provider's stock worth $275,000 after buying an additional 9,819 shares in the last quarter. Polymer Capital Management HK LTD acquired a new stake in shares of Navient during the third quarter worth approximately $288,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Navient in the third quarter worth $315,000. Institutional investors and hedge funds own 97.14% of the company's stock.

Navient Stock Up 2.5%

Shares of Navient stock opened at $8.24 on Tuesday. The stock has a market capitalization of $783.54 million, a price-to-earnings ratio of -10.05 and a beta of 1.33. Navient Corporation has a twelve month low of $7.86 and a twelve month high of $16.07. The company has a current ratio of 9.01, a quick ratio of 9.01 and a debt-to-equity ratio of 16.94. The business's 50 day simple moving average is $9.74 and its 200-day simple moving average is $11.61.

Navient (NASDAQ:NAVI - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.29). Navient had a negative net margin of 2.47% and a positive return on equity of 4.70%. The company had revenue of $137.00 million for the quarter, compared to analyst estimates of $144.25 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. Equities research analysts forecast that Navient Corporation will post 1.04 earnings per share for the current year.

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.64 annualized dividend and a dividend yield of 7.8%. Navient's payout ratio is -78.05%.

Analyst Ratings Changes

NAVI has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Navient from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Navient from $15.00 to $9.00 and set a "hold" rating for the company in a research report on Thursday, January 29th. Morgan Stanley set a $12.00 target price on shares of Navient in a research note on Wednesday, January 28th. Zacks Research cut shares of Navient from a "hold" rating to a "strong sell" rating in a research report on Monday, February 2nd. Finally, Barclays set a $9.00 price target on Navient in a research note on Thursday, January 29th. Five analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Navient currently has an average rating of "Strong Sell" and an average target price of $11.63.

About Navient

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.

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