Victory Capital Management Inc. Sells 78,962 Shares of Navient Co. (NASDAQ:NAVI)

Victory Capital Management Inc. lessened its holdings in Navient Co. (NASDAQ:NAVI - Free Report) by 45.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,967 shares of the credit services provider's stock after selling 78,962 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Navient worth $1,731,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NAVI. Nisa Investment Advisors LLC raised its holdings in shares of Navient by 156.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 18,480 shares of the credit services provider's stock valued at $318,000 after purchasing an additional 11,267 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Navient by 24.8% during the third quarter. Assenagon Asset Management S.A. now owns 541,674 shares of the credit services provider's stock worth $9,328,000 after purchasing an additional 107,543 shares during the last quarter. Barclays PLC raised its holdings in Navient by 14.3% during the third quarter. Barclays PLC now owns 76,766 shares of the credit services provider's stock worth $1,322,000 after purchasing an additional 9,600 shares in the last quarter. Ibex Wealth Advisors acquired a new position in shares of Navient in the 3rd quarter valued at $373,000. Finally, New York State Common Retirement Fund raised its stake in Navient by 11.5% during the 3rd quarter. New York State Common Retirement Fund now owns 59,609 shares of the credit services provider's stock worth $1,026,000 after acquiring an additional 6,126 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company's stock.

Navient Price Performance

Shares of NASDAQ NAVI traded down $0.12 during trading on Friday, reaching $15.42. The company had a trading volume of 433,873 shares, compared to its average volume of 1,022,317. 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 twelve month low of $14.10 and a twelve month high of $19.69. The stock has a 50-day moving average price of $16.33 and a two-hundred day moving average price of $16.94. The stock has a market capitalization of $1.72 billion, a PE ratio of 9.88 and a beta of 1.39.

Navient (NASDAQ:NAVI - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. The company had revenue of $163.00 million for the quarter, compared to analysts' expectations of $188.04 million. Navient had a net margin of 3.93% and a return on equity of 12.09%. As a group, sell-side analysts predict that Navient Co. will post 1.66 earnings per share for the current year.

Insider Transactions at Navient

In related news, EVP Mark L. Heleen sold 10,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $16.00, for a total transaction of $160,000.00. Following the transaction, the executive vice president now directly owns 393,611 shares in the company, valued at $6,297,776. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 27.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Cowen dropped their price target on Navient from $14.00 to $13.00 and set a "sell" rating on the stock in a research note on Friday, April 26th. Keefe, Bruyette & Woods reduced their price target on Navient from $19.00 to $17.00 and set a "market perform" rating for the company in a report on Thursday, April 25th. Barclays dropped their price objective on Navient from $13.00 to $11.00 and set an "underweight" rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. decreased their target price on shares of Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. Finally, StockNews.com downgraded shares of Navient from a "buy" rating to a "hold" rating in a report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.