Tudor Investment Corp ET AL Grows Stake in Navient Co. (NASDAQ:NAVI)

Tudor Investment Corp ET AL grew its position in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 1,088.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,646 shares of the credit services provider's stock after buying an additional 421,898 shares during the quarter. Tudor Investment Corp ET AL owned 0.43% of Navient worth $6,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NAVI. Sterling Capital Management LLC lifted its holdings in Navient by 815.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock valued at $32,000 after acquiring an additional 2,176 shares during the period. Raymond James Financial Inc. bought a new position in shares of Navient in the 4th quarter worth approximately $167,000. AXQ Capital LP purchased a new position in shares of Navient in the fourth quarter worth approximately $196,000. Headlands Technologies LLC grew its position in Navient by 757.3% during the fourth quarter. Headlands Technologies LLC now owns 14,737 shares of the credit services provider's stock valued at $196,000 after buying an additional 13,018 shares during the period. Finally, Aigen Investment Management LP bought a new position in Navient in the fourth quarter worth approximately $258,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NAVI. Keefe, Bruyette & Woods cut their price objective on shares of Navient from $16.00 to $14.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. StockNews.com downgraded Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. TD Securities boosted their price objective on Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research note on Thursday, May 1st. TD Cowen cut shares of Navient from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 1st. Finally, Seaport Res Ptn upgraded shares of Navient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, Navient has an average rating of "Hold" and an average target price of $12.93.

Navient Price Performance

Shares of NASDAQ:NAVI traded up $0.01 during midday trading on Tuesday, reaching $12.78. 117,389 shares of the company were exchanged, compared to its average volume of 772,686. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35. The stock has a market cap of $1.29 billion, a PE ratio of 11.00 and a beta of 1.38. The business's fifty day moving average is $12.52 and its two-hundred day moving average is $13.70. Navient Co. has a one year low of $10.53 and a one year high of $16.97.

Navient (NASDAQ:NAVI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $156.00 million for the quarter, compared to analysts' expectations of $150.40 million. Navient had a return on equity of 6.69% and a net margin of 2.96%. During the same period in the previous year, the firm posted $0.47 earnings per share. As a group, analysts predict that Navient Co. will post 1.04 earnings per share for the current year.

Navient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.16 per share. The ex-dividend date was Friday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.01%. Navient's dividend payout ratio is currently 128.00%.

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.