XTX Topco Ltd Takes $565,000 Position in Navient Corporation (NASDAQ:NAVI)

XTX Topco Ltd purchased a new stake in Navient Corporation (NASDAQ:NAVI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,696 shares of the credit services provider's stock, valued at approximately $565,000.

Several other hedge funds also recently added to or reduced their stakes in NAVI. Raymond James Financial Inc. purchased a new stake in Navient in the fourth quarter valued at $167,000. JPMorgan Chase & Co. raised its position in shares of Navient by 143.0% in the fourth quarter. JPMorgan Chase & Co. now owns 356,405 shares of the credit services provider's stock worth $4,737,000 after acquiring an additional 209,744 shares during the period. Wellington Management Group LLP raised its position in shares of Navient by 47.4% in the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock worth $17,488,000 after acquiring an additional 423,013 shares during the period. Wells Fargo & Company MN raised its position in shares of Navient by 13.9% in the fourth quarter. Wells Fargo & Company MN now owns 74,148 shares of the credit services provider's stock worth $985,000 after acquiring an additional 9,024 shares during the period. Finally, Capula Management Ltd acquired a new position in shares of Navient in the fourth quarter worth about $260,000. 97.14% of the stock is owned by hedge funds and other institutional investors.

Navient Stock Down 0.2%

Shares of NAVI traded down $0.02 during midday trading on Friday, reaching $12.41. The stock had a trading volume of 579,643 shares, compared to its average volume of 1,081,545. Navient Corporation has a 1-year low of $10.53 and a 1-year high of $16.97. The company's fifty day simple moving average is $13.89 and its two-hundred day simple moving average is $13.37. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 40.03 and a beta of 1.37. The company has a debt-to-equity ratio of 16.52, a current ratio of 9.94 and a quick ratio of 9.94.

Navient (NASDAQ:NAVI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.21 EPS 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 analyst estimates of $156.20 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. Equities research analysts expect that Navient Corporation will post 1.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. TD Cowen downgraded shares of Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. TD Securities upped their price objective on shares of Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods reduced their price target on shares of Navient from $16.50 to $15.00 and set a "market perform" rating for the company in a research report on Thursday, July 31st. Finally, Jefferies Financial Group reduced their price target on shares of Navient from $14.00 to $12.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, Navient presently has a consensus rating of "Hold" and an average target price of $13.56.

Navient Company 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.