WINTON GROUP Ltd Grows Holdings in Navient Co. (NASDAQ:NAVI)

WINTON GROUP Ltd boosted its holdings in Navient Co. (NASDAQ:NAVI - Free Report) by 93.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,416 shares of the credit services provider's stock after purchasing an additional 38,303 shares during the quarter. WINTON GROUP Ltd owned about 0.07% of Navient worth $1,055,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Paloma Partners Management Co acquired a new position in Navient in the third quarter valued at $174,000. Raymond James Financial Inc. acquired a new position in Navient in the 4th quarter valued at about $167,000. Quantinno Capital Management LP raised its stake in Navient by 12.6% during the 3rd quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider's stock valued at $221,000 after acquiring an additional 1,587 shares during the last quarter. AXQ Capital LP acquired a new stake in Navient during the 4th quarter worth approximately $196,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Navient in the 3rd quarter valued at approximately $256,000. Institutional investors and hedge funds own 97.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NAVI shares. Seaport Res Ptn upgraded Navient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. reduced their target price on shares of Navient from $15.00 to $13.50 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered shares of Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reduced their price objective on shares of Navient from $16.00 to $14.00 and set a "market perform" rating for the company in a research report on Monday. Finally, Bank of America dropped their target price on Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $13.50.

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Navient Price Performance

Shares of NAVI stock traded up $0.32 during midday trading on Wednesday, reaching $12.94. 102,628 shares of the company traded hands, compared to its average volume of 781,487. The firm has a market cap of $1.32 billion, a PE ratio of 11.13 and a beta of 1.36. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49. The firm's 50 day simple moving average is $13.70 and its two-hundred day simple moving average is $14.40. Navient Co. has a 1-year low of $12.35 and a 1-year high of $17.56.

Navient (NASDAQ:NAVI - Get Free Report) last posted its 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 return on equity of 6.69% and a net margin of 2.96%. On average, equities research analysts expect that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.64 annualized dividend and a yield of 4.95%. Navient's dividend payout ratio (DPR) is currently 55.17%.

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.