Tudor Investment Corp ET AL Purchases 421,898 Shares of Navient Co. (NASDAQ:NAVI)

Tudor Investment Corp ET AL increased its stake in Navient Co. (NASDAQ:NAVI - Free Report) by 1,088.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 460,646 shares of the credit services provider's stock after purchasing an additional 421,898 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.43% of Navient worth $6,122,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NAVI. Marshall Wace LLP boosted its holdings in shares of Navient by 1,043.8% during the 4th quarter. Marshall Wace LLP now owns 635,466 shares of the credit services provider's stock worth $8,445,000 after buying an additional 579,909 shares during the period. Wellington Management Group LLP lifted its position in 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 worth $17,488,000 after acquiring an additional 423,013 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Navient by 143.0% during the fourth quarter. JPMorgan Chase & Co. now owns 356,405 shares of the credit services provider's stock valued at $4,737,000 after acquiring an additional 209,744 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Navient in the fourth quarter valued at about $2,525,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Navient by 51.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 555,634 shares of the credit services provider's stock valued at $7,384,000 after purchasing an additional 188,399 shares during the last quarter. Institutional investors own 97.14% of the company's stock.

Analyst Upgrades and Downgrades

NAVI has been the subject of several recent analyst reports. TD Cowen downgraded Navient from a "hold" rating to a "strong sell" rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Navient from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Thursday. Seaport Res Ptn raised shares of Navient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. StockNews.com downgraded shares of Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, TD Securities boosted their price objective on shares of Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.93.

Navient Stock Performance

Navient stock traded up $0.23 on Friday, hitting $12.76. The company's stock had a trading volume of 541,899 shares, compared to its average volume of 775,485. Navient Co. has a one year low of $10.53 and a one year high of $16.97. The firm has a market cap of $1.29 billion, a P/E ratio of 11.00 and a beta of 1.24. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. The company has a fifty day moving average price of $12.55 and a 200-day moving average price of $13.75.

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

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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 annualized dividend and a dividend yield of 5.02%. Navient's dividend payout ratio (DPR) is presently 55.17%.

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.