XTX Topco Ltd Takes Position in Navient Corporation (NASDAQ:NAVI)

XTX Topco Ltd bought a new stake in shares of Navient Corporation (NASDAQ:NAVI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 44,696 shares of the credit services provider's stock, valued at approximately $565,000.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp grew its position in Navient by 14.6% during the 4th quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider's stock worth $20,832,000 after purchasing an additional 199,937 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Navient by 47.4% during the 4th quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock valued at $17,488,000 after acquiring an additional 423,013 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Navient by 2.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 917,232 shares of the credit services provider's stock valued at $12,190,000 after acquiring an additional 22,765 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Navient by 46.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 725,244 shares of the credit services provider's stock valued at $9,638,000 after purchasing an additional 228,385 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Navient by 69.4% in the 4th quarter. Bank of America Corp DE now owns 667,372 shares of the credit services provider's stock valued at $8,869,000 after purchasing an additional 273,483 shares during the last quarter. Institutional investors own 97.14% of the company's stock.

Navient Stock Performance

Navient stock traded down $0.02 during midday trading on Friday, hitting $12.41. The company's 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 has a debt-to-equity ratio of 16.52, a current ratio of 9.94 and a quick ratio of 9.94. The company has a 50-day moving average price of $13.89 and a two-hundred day moving average price of $13.36. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 40.03 and a beta of 1.37.

Navient (NASDAQ:NAVI - Get Free Report) last issued its 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). The firm had revenue of $156.00 million during the quarter, compared to analyst estimates of $156.20 million. Navient had a net margin of 0.89% and a return on equity of 4.08%. During the same quarter in the previous year, the firm posted $0.29 earnings per share. As a group, sell-side analysts predict that Navient Corporation will post 1.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on NAVI. Jefferies Financial Group cut their target price 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. Morgan Stanley cut their target price 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 Securities upped their price objective on shares of Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research report on Thursday, May 1st. TD Cowen lowered shares of Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Thursday, July 31st. Three investment 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.