Navient Corporation $NAVI Stake Decreased by CenterBook Partners LP

Key Points

• CenterBook Partners cut its Navient stake by 46.4% in the third quarter, selling 343,614 shares; it still held 397,092 shares valued at about $3.6 million.
• Navient reported third-quarter EPS of $0.03, below the $0.13 analyst consensus. Its stock was down 4.5% in the article’s report.
• Analyst sentiment was mostly cautious: Navient had a consensus “Reduce” rating and an $8 price target, with Barclays and TD Cowen maintaining negative ratings while JPMorgan kept a Neutral rating.

CenterBook Partners LP reduced its stake in shares of Navient Corporation (NASDAQ:NAVI - Free Report) by 46.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 397,092 shares of the credit services provider's stock after selling 343,614 shares during the quarter. CenterBook Partners LP owned about 0.42% of Navient worth $3,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Navient during the second quarter valued at approximately $110,235,000. Bank of America Corp DE bought a new position in shares of Navient during the second quarter worth $11,989,000. Wellington Management Group LLP boosted its position in shares of Navient by 41.5% during the second quarter. Wellington Management Group LLP now owns 1,939,380 shares of the credit services provider's stock worth $16,504,000 after acquiring an additional 568,590 shares during the last quarter. Squarepoint Ops LLC grew its stake in Navient by 145.9% during the second quarter. Squarepoint Ops LLC now owns 939,099 shares of the credit services provider's stock valued at $7,992,000 after acquiring an additional 557,141 shares in the last quarter. Finally, PDT Partners LLC purchased a new position in Navient during the second quarter valued at $4,435,000. Institutional investors own 97.14% of the company's stock.

Navient News Roundup

Here are the key news stories impacting Navient this week:

• Positive Sentiment: A Q3 review pointed to origination growth and portfolio repositioning as business supports. Separately, an article says private lenders are optimistic about the Trump administration’s repayment overhaul, which could create an opportunity for Navient, though the effects remain uncertain. NAVI Q3 2026 deep dive Student-loan repayment overhaul
• Neutral Sentiment: JPMorgan raised its price target to $9 from $8.50 but kept a Neutral rating, signaling limited conviction in near-term upside. Read More.
• Negative Sentiment: Navient reported Q3 EPS of $0.03, below analyst estimates of $0.13–$0.15. Despite reported revenue of $308 million, the earnings shortfall and modest profitability likely raised concerns about operating performance. Navient misses Q3 estimates
• Negative Sentiment: TD Cowen cut its target to $8 from $8.50 and maintained a Sell rating; Barclays lowered its target to $6 from $7 and kept an Underweight rating. The more pessimistic targets add pressure, particularly Barclays’ substantial implied downside. Read More. Read More.
• Negative Sentiment: Industry coverage says private lenders are gaining graduate-school business while losing money on it, highlighting potential profitability risks in student lending. Private student lending profitability

Navient Stock Down 4.5%

NASDAQ NAVI opened at $8.42 on Friday. The company has a debt-to-equity ratio of 15.37, a quick ratio of 10.53 and a current ratio of 7.50. The company has a market capitalization of $789.63 million, a P/E ratio of 15.89 and a beta of 1.17. Navient Corporation has a one year low of $7.33 and a one year high of $13.48. The stock has a 50 day moving average price of $9.17 and a 200-day moving average price of $8.87.

Navient (NASDAQ:NAVI - Get Free Report) last posted its earnings results on Wednesday, November 4th. The credit services provider reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.10). Navient had a net margin of 1.79% and a return on equity of 3.65%. The business had revenue of $308.00 million during the quarter, compared to analysts' expectations of $144.92 million. During the same period last year, the business posted ($0.84) earnings per share. As a group, equities analysts predict that Navient Corporation will post 0.71 EPS for the current fiscal year.

Navient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a dividend of $0.16 per share. The ex-dividend date was Friday, September 4th. This represents a $0.64 annualized dividend and a yield of 7.6%. Navient's dividend payout ratio (DPR) is -128.00%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays reduced their price target on shares of Navient from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Navient from $8.50 to $9.00 and gave the company a "neutral" rating in a report on Thursday. Zacks Research upgraded Navient from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 12th. TD Cowen reduced their target price on Navient from $8.50 to $8.00 and set a "sell" rating on the stock in a report on Thursday. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Navient in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $8.00.

Navient Profile

Navient Corp. NASDAQ: NAVI is a financial services company that provides education finance and business-processing solutions. The company has historically serviced and managed federal and private student loans, helping borrowers with account administration, repayment processing, customer support and related loan-management services.

Navient's operations have evolved as the company reduced its role in servicing federally owned student loans. In 2021, it transferred its federal student loan servicing portfolio to Aidvantage, a division of Maximus.

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