Navient (NAVI) Upgraded to Sell at BidaskClub
Navient (NASDAQ:NAVI) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
Other equities research analysts have also issued reports about the company. ValuEngine upgraded Navient from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Navient from a “sell” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Friday, January 12th. Jefferies Group reiterated a “hold” rating and set a $15.00 price objective on shares of Navient in a research note on Thursday, January 25th. Oppenheimer assumed coverage on Navient in a research report on Monday, January 8th. They issued a “hold” rating for the company. Finally, UBS Group assumed coverage on Navient in a research report on Monday, January 8th. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.45.
Shares of Navient (NASDAQ:NAVI) opened at $13.86 on Friday. Navient has a 52 week low of $11.48 and a 52 week high of $16.97. The company has a current ratio of 22.35, a quick ratio of 22.35 and a debt-to-equity ratio of 30.13. The company has a market capitalization of $3,650.56, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 1.21 and a beta of 2.29.
In other news, SVP Stephen M. Hauber sold 17,423 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $14.40, for a total value of $250,891.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.68% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Canyon Capital Advisors LLC purchased a new position in Navient in the fourth quarter worth approximately $203,134,000. Arrowstreet Capital Limited Partnership purchased a new position in Navient in the fourth quarter worth approximately $46,993,000. Eaton Vance Management grew its position in Navient by 5,718.6% in the fourth quarter. Eaton Vance Management now owns 3,551,030 shares of the credit services provider’s stock worth $47,300,000 after acquiring an additional 3,490,001 shares during the period. OppenheimerFunds Inc. grew its position in Navient by 270.2% in the fourth quarter. OppenheimerFunds Inc. now owns 3,410,798 shares of the credit services provider’s stock worth $45,432,000 after acquiring an additional 2,489,417 shares during the period. Finally, Goldentree Asset Management LP purchased a new position in Navient in the fourth quarter worth approximately $19,717,000. Institutional investors and hedge funds own 96.59% of the company’s stock.
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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