Empowered Funds LLC Purchases 22,765 Shares of Navient Co. (NASDAQ:NAVI)

Empowered Funds LLC lifted its holdings in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,232 shares of the credit services provider's stock after purchasing an additional 22,765 shares during the period. Empowered Funds LLC owned 0.44% of Navient worth $6,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. EMC Capital Management boosted its position in shares of Navient by 2,193.7% during the 4th quarter. EMC Capital Management now owns 20,276 shares of the credit services provider's stock valued at $269,000 after purchasing an additional 19,392 shares in the last quarter. Wedge Capital Management L L P NC boosted 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 valued at $635,000 after purchasing an additional 2,190 shares in the last quarter. Barclays PLC boosted its holdings in Navient by 59.0% in the third quarter. Barclays PLC now owns 284,130 shares of the credit services provider's stock worth $4,429,000 after acquiring an additional 105,454 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Navient in the third quarter worth approximately $256,000. Finally, Wellington Management Group LLP boosted its holdings in Navient by 0.9% in the third quarter. Wellington Management Group LLP now owns 892,828 shares of the credit services provider's stock worth $13,919,000 after acquiring an additional 8,117 shares in the last quarter. Institutional investors own 97.14% of the company's stock.

Navient Stock Up 2.1 %

Shares of Navient stock traded up $0.29 on Friday, hitting $13.89. The company had a trading volume of 494,694 shares, compared to its average volume of 860,476. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 11.97 and a beta of 1.43. Navient Co. has a 1 year low of $12.73 and a 1 year high of $17.56. The stock has a 50 day moving average of $13.84 and a 200-day moving average of $14.86. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48.

Navient (NASDAQ:NAVI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts forecast that Navient Co. will post 1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

NAVI has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Navient from $15.00 to $13.50 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Bank of America cut their price target on Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, December 24th. Seaport Res Ptn upgraded Navient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. TD Cowen cut their price target on Navient from $14.00 to $13.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Finally, StockNews.com lowered Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $13.90.

About Navient

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.