WINTON GROUP Ltd Has $1.06 Million Position in Navient Co. (NASDAQ:NAVI)

WINTON GROUP Ltd raised its position in Navient Co. (NASDAQ:NAVI) by 93.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,416 shares of the credit services provider’s stock after buying an additional 38,303 shares during the quarter. WINTON GROUP Ltd owned 0.07% of Navient worth $1,055,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its position in shares of Navient by 12.6% in the third quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock valued at $221,000 after acquiring an additional 1,587 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Navient by 4.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 47,774 shares of the credit services provider’s stock worth $635,000 after purchasing an additional 2,190 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Navient by 13.7% during the 3rd quarter. Natixis Advisors LLC now owns 18,192 shares of the credit services provider’s stock worth $284,000 after purchasing an additional 2,194 shares in the last quarter. Xponance Inc. increased its holdings in shares of Navient by 12.9% during the fourth quarter. Xponance Inc. now owns 23,460 shares of the credit services provider’s stock worth $312,000 after purchasing an additional 2,687 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Navient by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 374,879 shares of the credit services provider’s stock valued at $4,982,000 after buying an additional 3,445 shares in the last quarter. Institutional investors own 97.14% of the company’s stock.

Navient Stock Down 2.9 %

Shares of NASDAQ NAVI opened at $12.82 on Friday. The stock has a 50-day moving average price of $13.76 and a two-hundred day moving average price of $14.45. Navient Co. has a 12 month low of $12.68 and a 12 month high of $17.56. 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 company has a market cap of $1.31 billion, a price-to-earnings ratio of 11.05 and a beta of 1.36.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. As a group, analysts forecast that Navient Co. will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 4.99%. Navient’s dividend payout ratio is currently 55.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NAVI. Seaport Res Ptn upgraded Navient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. StockNews.com lowered Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Bank of America reduced their price objective on shares of Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.90.

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.