Nelnet (NYSE:NNI - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.
Nelnet Stock Down 0.0 %
Nelnet stock traded down $0.01 during trading hours on Friday, reaching $93.65. The stock had a trading volume of 113,705 shares, compared to its average volume of 92,647. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 38.38 and a beta of 0.86. The company has a debt-to-equity ratio of 3.67, a current ratio of 35.15 and a quick ratio of 35.15. The business's 50 day moving average price is $89.60 and its 200-day moving average price is $87.67. Nelnet has a 52 week low of $81.67 and a 52 week high of $101.60.
Nelnet (NYSE:NNI - Get Free Report) last announced its earnings results on Tuesday, February 27th. The credit services provider reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $1.15 by ($1.19). The firm had revenue of $260.66 million during the quarter. Nelnet had a return on equity of 3.81% and a net margin of 4.43%. Sell-side analysts anticipate that Nelnet will post 5.2 EPS for the current year.
Hedge Funds Weigh In On Nelnet
A number of large investors have recently added to or reduced their stakes in NNI. Group One Trading L.P. acquired a new position in shares of Nelnet during the first quarter valued at about $26,000. Lazard Asset Management LLC acquired a new position in shares of Nelnet during the fourth quarter valued at about $29,000. CWM LLC increased its holdings in shares of Nelnet by 176.5% during the fourth quarter. CWM LLC now owns 412 shares of the credit services provider's stock valued at $36,000 after acquiring an additional 263 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of Nelnet by 49,900.0% during the fourth quarter. TFO Wealth Partners LLC now owns 500 shares of the credit services provider's stock valued at $44,000 after acquiring an additional 499 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Nelnet by 30.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 715 shares of the credit services provider's stock valued at $65,000 after acquiring an additional 166 shares in the last quarter. 33.51% of the stock is currently owned by institutional investors.
Nelnet Company Profile
(
Get Free Report)
Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.
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