The Prescott Group Capital Management L.L.C. Sells 14,000 Shares of Navient Corporation (NAVI)

The Prescott Group Capital Management L.L.C. Sells 14,000 Shares of Navient Corporation (NAVI)

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NAVI. Vanguard Group Inc. raised its position in Navient Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 39,295,006 shares of the credit services provider’s stock valued at $579,995,000 after buying an additional 1,606,973 shares during the last quarter. BlackRock Inc. raised its position in Navient Corporation by 2,615.0% in the first quarter. BlackRock Inc. now owns 21,395,479 shares of the credit services provider’s stock valued at $315,797,000 after buying an additional 20,607,439 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Navient Corporation by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,016,645 shares of the credit services provider’s stock valued at $133,086,000 after buying an additional 1,022,191 shares during the last quarter. LSV Asset Management raised its position in Navient Corporation by 10.5% in the first quarter. LSV Asset Management now owns 5,109,703 shares of the credit services provider’s stock valued at $75,419,000 after buying an additional 484,526 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Navient Corporation by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,772,005 shares of the credit services provider’s stock valued at $55,615,000 after buying an additional 88,680 shares during the last quarter. 94.23% of the stock is currently owned by institutional investors and hedge funds.

Prescott Group Capital Management L.L.C. decreased its stake in Navient Corporation (NASDAQ:NAVI) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,876 shares of the credit services provider’s stock after selling 14,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Navient Corporation were worth $2,196,000 at the end of the most recent quarter.

Shares of Navient Corporation (NASDAQ:NAVI) traded down 1.68% during mid-day trading on Wednesday, reaching $14.60. 988,860 shares of the company’s stock traded hands. The company has a 50 day moving average of $15.88 and a 200 day moving average of $15.18. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 7.57 and a beta of 2.43. Navient Corporation has a 12 month low of $12.66 and a 12 month high of $17.95.

Navient Corporation (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $343 million for the quarter, compared to analysts’ expectations of $331.67 million. Navient Corporation had a return on equity of 14.05% and a net margin of 11.50%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Analysts expect that Navient Corporation will post $1.76 earnings per share for the current fiscal year.

Several research analysts recently weighed in on NAVI shares. BidaskClub raised shares of Navient Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Wedbush reissued a “neutral” rating and set a $16.50 price objective on shares of Navient Corporation in a research note on Tuesday, April 18th. Jefferies Group LLC reissued a “hold” rating and set a $16.00 price objective on shares of Navient Corporation in a research note on Friday, July 21st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $20.00 price objective on shares of Navient Corporation in a research note on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of Navient Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Navient Corporation presently has an average rating of “Hold” and a consensus price target of $18.55.

Navient Corporation 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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