Edgestream Partners L.P. Boosts Stock Position in Navient Co. (NASDAQ:NAVI)

Edgestream Partners L.P. lifted its position in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 156.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 247,650 shares of the credit services provider's stock after purchasing an additional 151,086 shares during the period. Edgestream Partners L.P. owned 0.23% of Navient worth $3,291,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. KBC Group NV grew its position in shares of Navient by 47.0% in the 3rd quarter. KBC Group NV now owns 4,355 shares of the credit services provider's stock worth $68,000 after buying an additional 1,392 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Navient during the 3rd quarter valued at about $95,000. Covestor Ltd increased its position in shares of Navient by 24.6% during the third quarter. Covestor Ltd now owns 7,360 shares of the credit services provider's stock valued at $115,000 after buying an additional 1,455 shares during the period. Raymond James Financial Inc. bought a new position in Navient in the fourth quarter worth about $167,000. Finally, Paloma Partners Management Co purchased a new position in shares of Navient in the 3rd quarter valued at approximately $174,000. Hedge funds and other institutional investors own 97.14% of the company's stock.

Navient Stock Down 0.8 %

Shares of Navient stock traded down $0.10 during trading hours on Wednesday, hitting $13.14. 820,485 shares of the company's stock traded hands, compared to its average volume of 811,231. The company has a market cap of $1.34 billion, a PE ratio of 11.33 and a beta of 1.36. The stock has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $14.69. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. Navient Co. has a twelve month low of $12.73 and a twelve month high of $17.56.

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Navient (NASDAQ:NAVI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. Equities research analysts anticipate that Navient Co. will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Friday, March 7th. Navient's payout ratio is 55.17%.

Analysts Set New Price Targets

A number of research analysts have issued reports on NAVI shares. JPMorgan Chase & Co. lowered their price objective on Navient from $15.00 to $13.50 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn raised shares of Navient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Bank of America cut their target price on Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 24th. Finally, StockNews.com lowered shares of Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Two investment 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. According to data from MarketBeat.com, Navient currently has an average rating of "Hold" and a consensus price target of $13.90.

Navient Company 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.