November 29, 2016 - By Clifton Ray · 0 Comments
Navisite Inc (NASDAQ:NAVI) institutional sentiment decreased to 0.82 in 2016 Q2. Its down -0.11, from 0.93 in 2016Q1. The ratio has worsened, as 149 institutional investors opened new or increased positions, while 160 sold and decreased their holdings in Navisite Inc. The institutional investors in our partner’s database now hold: 297.11 million shares, up from 277.33 million shares in 2016Q1. Also, the number of institutional investors holding Navisite Inc in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 33 Reduced: 127 Increased: 104 New Position: 45.
Navient Corporation is a loan management, servicing and asset recovery company. The company has a market cap of $5.21 billion. The Firm holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program , as well as the portfolio of Private Education Loans. It has a 7.13 P/E ratio. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies.
About 685,281 shares traded hands. Navient Corp (NASDAQ:NAVI) has risen 28.04% since April 26, 2016 and is uptrending. It has outperformed by 22.78% the S&P500.
Analysts await Navient Corp (NASDAQ:NAVI) to report earnings on January, 24. They expect $0.47 earnings per share, down 2.08% or $0.01 from last year’s $0.48 per share. NAVI’s profit will be $141.11M for 9.21 P/E if the $0.47 EPS becomes a reality. After $0.50 actual earnings per share reported by Navient Corp for the previous quarter, Wall Street now forecasts -6.00% negative EPS growth.
According to Zacks Investment Research, “Navient Corporation offers a variety of loan management, servicing and asset recovery services to clients in higher education, and federal, state, and local governments. The Company operates in four segments: Consumer Lending, Business Services, FFELP Loans and Other. The Company acts as a servicer for Department of Education and FFELP loans as well as private student loans. Navient Corporation is based in United States.”
Omega Advisors Inc. holds 4.67% of its portfolio in Navient Corp for 13.80 million shares. Kingstown Capital Management L.P. owns 3.00 million shares or 4.07% of their US portfolio. Moreover, Mount Lucas Management Lp has 2.02% invested in the company for 993,407 shares. The Alabama-based Tillar has invested 1.68% in the stock. Elm Ridge Management Llc, a New York-based fund reported 511,703 shares.#img1#
Ratings analysis reveals 57% of Navient Corporation’s analysts are positive. Out of 7 Wall Street analysts rating Navient Corporation, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $15.0 while the high is $24. The stock’s average target of $19.33 is 11.54% above today’s ($17.33) share price. NAVI was included in 9 notes of analysts from July 24, 2015. On Wednesday, February 24 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Outperform” rating given on Monday, August 31 by Wood. The stock of Navient Corp (NASDAQ:NAVI) earned “Overweight” rating by JP Morgan on Monday, November 30. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, July 21. The stock of Navient Corp (NASDAQ:NAVI) earned “Buy” rating by Goldman Sachs on Thursday, October 8.
Navient Corporation, incorporated on November 7, 2013, is a loan management, servicing and asset recovery company. The Firm holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state or not-for-profit agencies based on guaranty agreements among the United States Department of Education (ED) and these agencies. Private Education Loans are education loans to students or their families that bear the full credit risk of the customer and any cosigner. The Company’s divisions include FFELP Loans, Private Education Loans, Business Services and Other. The Firm services its own portfolio of education loans, as well as those owned by banks, credit unions, other financial institutions, non-profit education lenders and ED. In addition, it provides business processing services on behalf of municipalities, public authorities and hospitals.
More news for Navient Corp (NASDAQ:NAVI) were recently published by: Forbes.com, which released: “Navient is Oversold” on October 21, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Arthur J. Gallagher, Navient and Northern Trust” and published on November 28, 2016 is yet another important article.
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By Clifton Ray