Two Sigma Investments LP Has $1.73 Million Stake in Navient Co. (NASDAQ:NAVI)

Two Sigma Investments LP increased its stake in Navient Co. (NASDAQ:NAVI - Free Report) by 39.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,046 shares of the credit services provider's stock after purchasing an additional 36,498 shares during the quarter. Two Sigma Investments LP owned about 0.12% of Navient worth $1,728,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Stadium Capital Management LLC raised its position in shares of Navient by 7.3% during the 4th quarter. Stadium Capital Management LLC now owns 365,069 shares of the credit services provider's stock worth $4,852,000 after buying an additional 24,899 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Navient by 41.8% during the fourth quarter. ProShare Advisors LLC now owns 23,358 shares of the credit services provider's stock valued at $310,000 after acquiring an additional 6,882 shares during the period. Nomura Holdings Inc. bought a new stake in Navient during the fourth quarter worth approximately $646,000. Millennium Management LLC lifted its position in Navient by 206.7% in the fourth quarter. Millennium Management LLC now owns 225,901 shares of the credit services provider's stock worth $3,002,000 after purchasing an additional 152,252 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Navient by 1.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,052 shares of the credit services provider's stock valued at $585,000 after purchasing an additional 823 shares in the last quarter. Institutional investors and hedge funds own 97.14% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. TD Cowen lowered shares of Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Navient from $11.00 to $12.50 and gave the stock a "neutral" rating in a report on Thursday, May 1st. TD Securities increased their target price on shares of Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group decreased their price target on shares of Navient from $14.00 to $12.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Three investment 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 MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.93.

Navient Price Performance

NASDAQ:NAVI traded up $0.01 during mid-day trading on Thursday, hitting $13.57. The company's stock had a trading volume of 199,714 shares, compared to its average volume of 752,185. The stock has a fifty day moving average of $12.49 and a 200-day moving average of $13.47. Navient Co. has a fifty-two week low of $10.53 and a fifty-two week high of $16.97. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.70 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 (NASDAQ:NAVI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $156.00 million during the quarter, compared to the consensus estimate of $150.40 million. Navient had a net margin of 2.96% and a return on equity of 6.69%. During the same period last year, the firm posted $0.47 EPS. As a group, equities analysts forecast that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.72%. Navient's dividend payout ratio is 128.00%.

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.