Alps Advisors Inc. Acquires 463,382 Shares of Navient Corp (NAVI)

Alps Advisors Inc. raised its holdings in Navient Corp (NASDAQ:NAVI) by 13.8% during the fourth quarter, Holdings Channel reports. The fund owned 3,816,609 shares of the credit services provider’s stock after purchasing an additional 463,382 shares during the period. Alps Advisors Inc.’s holdings in Navient were worth $50,837,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Thrivent Financial For Lutherans raised its holdings in Navient by 1.0% in the second quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock worth $179,000 after purchasing an additional 110 shares during the period. Mutual of America Capital Management LLC raised its holdings in Navient by 2.3% in the second quarter. Mutual of America Capital Management LLC now owns 34,022 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 771 shares during the period. PNC Financial Services Group Inc. raised its holdings in Navient by 2.1% in the second quarter. PNC Financial Services Group Inc. now owns 52,557 shares of the credit services provider’s stock worth $875,000 after purchasing an additional 1,082 shares during the period. Advisory Services Network LLC raised its holdings in Navient by 25.3% in the second quarter. Advisory Services Network LLC now owns 19,860 shares of the credit services provider’s stock worth $331,000 after purchasing an additional 4,006 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in Navient by 31.3% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 17,989 shares of the credit services provider’s stock worth $240,000 after purchasing an additional 4,289 shares during the period. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

NAVI has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Navient from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd. JPMorgan Chase & Co. lowered shares of Navient from a “neutral” rating to an “underweight” rating in a report on Friday, January 12th. Barclays restated an “overweight” rating and set a $17.00 price objective on shares of Navient in a report on Tuesday, November 14th. Oppenheimer assumed coverage on shares of Navient in a report on Monday, January 8th. They set a “hold” rating on the stock. Finally, BMO Capital Markets dropped their price objective on shares of Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Navient currently has a consensus rating of “Hold” and an average target price of $17.45.

In related news, SVP Stephen M. Hauber sold 17,423 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $14.40, for a total value of $250,891.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.68% of the stock is currently owned by company insiders.

Navient Corp (NASDAQ NAVI) opened at $13.63 on Tuesday. The firm has a market cap of $3,737.40, a price-to-earnings ratio of 13.50, a P/E/G ratio of 1.24 and a beta of 2.30. Navient Corp has a 12-month low of $11.48 and a 12-month high of $16.97. The company has a debt-to-equity ratio of 30.13, a current ratio of 22.41 and a quick ratio of 33.10.

Navient (NASDAQ:NAVI) last released its earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $366.00 million during the quarter, compared to the consensus estimate of $362.33 million. Navient had a net margin of 5.94% and a return on equity of 13.90%. During the same quarter last year, the firm earned $0.43 earnings per share. equities analysts forecast that Navient Corp will post 1.91 EPS for the current year.

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Navient Company Profile

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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