Universal Beteiligungs und Servicegesellschaft mbH Sells 35,700 Shares of Navient Corporation (NASDAQ:NAVI)

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Navient Corporation (NASDAQ:NAVI - Free Report) by 14.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 203,717 shares of the credit services provider's stock after selling 35,700 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.20% of Navient worth $2,573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Navient in the 1st quarter valued at $342,000. Allianz Asset Management GmbH increased its position in Navient by 47.1% in the 1st quarter. Allianz Asset Management GmbH now owns 381,040 shares of the credit services provider's stock valued at $4,813,000 after acquiring an additional 122,061 shares during the period. Denali Advisors LLC lifted its position in Navient by 2.8% during the 1st quarter. Denali Advisors LLC now owns 158,987 shares of the credit services provider's stock worth $2,008,000 after acquiring an additional 4,287 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Navient in the first quarter valued at approximately $149,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Navient by 55.9% during the first quarter. Harbor Capital Advisors Inc. now owns 10,608 shares of the credit services provider's stock worth $134,000 after purchasing an additional 3,802 shares during the last quarter. Institutional investors and hedge funds own 97.14% of the company's stock.

Navient Price Performance

Navient stock traded down $0.28 during trading hours on Friday, hitting $12.66. 936,068 shares of the company traded hands, compared to its average volume of 1,126,263. The firm has a market cap of $1.28 billion, a P/E ratio of 40.84 and a beta of 1.37. The company has a quick ratio of 9.88, a current ratio of 9.94 and a debt-to-equity ratio of 16.52. Navient Corporation has a 1-year low of $10.53 and a 1-year high of $16.97. The firm's 50-day simple moving average is $13.99 and its two-hundred day simple moving average is $13.42.

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). Navient had a return on equity of 4.08% and a net margin of 0.89%. The company had revenue of $156.00 million for the quarter, compared to the consensus estimate of $156.20 million. During the same period in the prior year, the business earned $0.29 earnings per share. As a group, analysts forecast that Navient Corporation will post 1.04 earnings per share for the current fiscal year.

Navient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a $0.16 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.64 dividend on an annualized basis and a yield of 5.1%. Navient's payout ratio is 206.45%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NAVI shares. TD Securities upped their price objective on Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their price objective on Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Thursday. TD Cowen downgraded Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. Jefferies Financial Group dropped their price objective on shares of 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. raised their target price on shares of Navient from $12.50 to $15.50 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.56.

Navient Profile

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.