Donald Smith & CO. Inc. Has $66.78 Million Holdings in Navient Co. (NASDAQ:NAVI)

Donald Smith & CO. Inc. lifted its holdings in Navient Co. (NASDAQ:NAVI - Free Report) by 31.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,586,501 shares of the credit services provider's stock after purchasing an additional 858,890 shares during the period. Navient comprises 1.7% of Donald Smith & CO. Inc.'s holdings, making the stock its 24th biggest holding. Donald Smith & CO. Inc. owned about 3.05% of Navient worth $66,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NAVI. CWM LLC raised its position in shares of Navient by 314.6% during the third quarter. CWM LLC now owns 2,193 shares of the credit services provider's stock worth $38,000 after purchasing an additional 1,664 shares during the period. SG Americas Securities LLC increased its stake in Navient by 165.1% in the 3rd quarter. SG Americas Securities LLC now owns 70,393 shares of the credit services provider's stock worth $1,212,000 after purchasing an additional 43,843 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Navient by 367.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,795 shares of the credit services provider's stock worth $117,000 after buying an additional 5,342 shares during the period. Meritage Portfolio Management lifted its stake in Navient by 5.5% during the third quarter. Meritage Portfolio Management now owns 29,612 shares of the credit services provider's stock valued at $510,000 after buying an additional 1,540 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Navient by 156.2% in the third quarter. Nisa Investment Advisors LLC now owns 18,480 shares of the credit services provider's stock worth $318,000 after buying an additional 11,267 shares during the period. 97.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Navient news, EVP Mark L. Heleen sold 10,000 shares of the business's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $17.20, for a total value of $172,000.00. Following the completion of the sale, the executive vice president now owns 385,577 shares of the company's stock, valued at $6,631,924.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 27.99% of the stock is currently owned by corporate insiders.

Navient Stock Down 1.1 %

NAVI stock traded down $0.17 during mid-day trading on Monday, hitting $15.55. The stock had a trading volume of 781,336 shares, compared to its average volume of 925,447. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 9.97 and a beta of 1.38. The company has a current ratio of 12.52, a quick ratio of 12.52 and a debt-to-equity ratio of 18.38. Navient Co. has a 1-year low of $14.10 and a 1-year high of $19.69. The company has a fifty day moving average of $16.53 and a 200 day moving average of $17.06.

Navient (NASDAQ:NAVI - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The firm had revenue of $163.00 million for the quarter, compared to the consensus estimate of $188.04 million. Navient had a return on equity of 12.09% and a net margin of 3.93%. On average, equities analysts expect that Navient Co. will post 1.64 EPS for the current fiscal year.

Navient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Thursday, February 29th. Navient's payout ratio is presently 41.03%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NAVI. JPMorgan Chase & Co. cut their price target on shares of Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday. StockNews.com downgraded shares of Navient from a "buy" rating to a "hold" rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods decreased their target price on Navient from $19.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on Navient in a research report on Wednesday, January 10th. They set a "hold" rating and a $19.00 price target on the stock. Finally, Barclays decreased their price objective on Navient from $13.00 to $11.00 and set an "underweight" rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $16.10.

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.