WINTON GROUP Ltd Boosts Stake in Navient Corporation $NAVI

Key Points

• WINTON GROUP Ltd increased its Navient stake by 290.4% in the second quarter, holding 188,946 shares valued at approximately $1.61 million. Institutional investors collectively own 97.14% of Navient’s stock.
• Navient reported quarterly EPS of $0.29, beating estimates of $0.20, while revenue reached $150 million versus the $142.87 million consensus forecast.
• The company declared a quarterly dividend of $0.16 per share, equivalent to an annualized yield of 6.8%. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $9.14.

WINTON GROUP Ltd lifted its holdings in shares of Navient Corporation (NASDAQ:NAVI - Free Report) by 290.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 188,946 shares of the credit services provider's stock after acquiring an additional 140,550 shares during the quarter. WINTON GROUP Ltd owned 0.20% of Navient worth $1,608,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of Navient by 11.7% during the 1st quarter. Royal Bank of Canada now owns 98,366 shares of the credit services provider's stock valued at $1,243,000 after buying an additional 10,296 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Navient by 9.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,350 shares of the credit services provider's stock worth $2,657,000 after buying an additional 17,483 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Navient by 77.0% in the second quarter. Russell Investments Group Ltd. now owns 7,766 shares of the credit services provider's stock worth $109,000 after buying an additional 3,378 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Navient by 13.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 438,621 shares of the credit services provider's stock valued at $6,185,000 after acquiring an additional 52,236 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Navient by 6.4% in the second quarter. First Trust Advisors LP now owns 276,778 shares of the credit services provider's stock valued at $3,903,000 after acquiring an additional 16,611 shares in the last quarter. Institutional investors and hedge funds own 97.14% of the company's stock.

Navient Price Performance

Shares of NASDAQ NAVI opened at $9.42 on Friday. The company has a debt-to-equity ratio of 16.73, a current ratio of 10.53 and a quick ratio of 10.53. Navient Corporation has a 1-year low of $7.33 and a 1-year high of $13.50. The business's fifty day moving average price is $8.94 and its two-hundred day moving average price is $8.57. The firm has a market capitalization of $883.41 million, a PE ratio of -18.84 and a beta of 1.18.

Navient (NASDAQ:NAVI - Get Free Report) last announced its earnings results on Thursday, August 6th. The credit services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. The firm had revenue of $150.00 million for the quarter, compared to the consensus estimate of $142.87 million. Navient had a positive return on equity of 4.68% and a negative net margin of 1.64%.During the same quarter in the previous year, the business earned $0.20 EPS. On average, research analysts expect that Navient Corporation will post 0.78 EPS for the current year.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Friday, September 4th. Navient's payout ratio is -128.00%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NAVI. Weiss Ratings reissued a "sell (d)" rating on shares of Navient in a report on Wednesday, June 24th. JPMorgan Chase & Co. cut their target price on shares of Navient from $9.50 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, July 13th. Finally, TD Cowen reissued a "sell" rating on shares of Navient in a report on Friday, August 7th. Five analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $9.14.

Navient Profile

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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