Navient (NASDAQ:NAVI) Shares Cross Below 200 Day Moving Average - What's Next?

Shares of Navient Co. (NASDAQ:NAVI - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.06 and traded as low as $13.04. Navient shares last traded at $13.08, with a volume of 961,755 shares changing hands.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com upgraded shares of Navient from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. 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. JPMorgan Chase & Co. decreased their target price on Navient from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Barclays increased their price target on shares of Navient from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, October 8th. Finally, TD Cowen decreased their price objective on shares of Navient from $14.00 to $13.00 and set a "sell" rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Navient presently has a consensus rating of "Hold" and an average price target of $15.43.

Navient Price Performance

The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49. The company's 50-day moving average price is $14.49 and its 200-day moving average price is $15.04. The company has a market cap of $1.39 billion, a P/E ratio of 18.77 and a beta of 1.43.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $0.25 by $1.20. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $150.04 million. Navient had a return on equity of 8.62% and a net margin of 1.71%. During the same period in the prior year, the firm earned $0.84 earnings per share. As a group, sell-side analysts predict that Navient Co. will post 2.47 earnings per share for the current fiscal year.

Navient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date was Friday, December 6th. Navient's dividend payout ratio is presently 92.75%.

Insider Activity at Navient

In other news, EVP Stephen M. Hauber sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. Following the sale, the executive vice president now owns 256,883 shares in the company, valued at $3,853,245. This represents a 3.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 27.99% of the stock is owned by insiders.

Institutional Trading of Navient

Several institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV increased its holdings in shares of Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider's stock worth $68,000 after purchasing an additional 1,392 shares during the period. nVerses Capital LLC acquired a new position in Navient in the 3rd quarter valued at $87,000. Harbor Capital Advisors Inc. bought a new stake in shares of Navient during the 3rd quarter valued at $95,000. Covestor Ltd lifted its position in shares of Navient by 24.6% during the 3rd quarter. Covestor Ltd now owns 7,360 shares of the credit services provider's stock valued at $115,000 after acquiring an additional 1,455 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Navient during the 2nd quarter worth $121,000. Institutional investors own 97.14% of the company's stock.

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.