Navient Co. (NASDAQ:NAVI) Shares Bought by Entropy Technologies LP

Entropy Technologies LP raised its stake in Navient Co. (NASDAQ:NAVI) by 46.2% during the fourth quarter, Holdings Channel reports. The firm owned 21,526 shares of the credit services provider’s stock after purchasing an additional 6,800 shares during the period. Entropy Technologies LP’s holdings in Navient were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NAVI. KBC Group NV boosted its holdings 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 valued at $68,000 after purchasing an additional 1,392 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Navient during the 3rd quarter valued at $87,000. Harbor Capital Advisors Inc. acquired a new position in shares of Navient during the 3rd quarter valued at $95,000. Covestor Ltd lifted its holdings 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 in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Navient during the 3rd quarter valued at $174,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on NAVI shares. StockNews.com lowered shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. TD Cowen reduced their target price on shares of Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Bank of America reduced their target price on shares of Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. JPMorgan Chase & Co. reduced their target price on shares of Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded shares of Navient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Two equities research 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, Navient presently has a consensus rating of “Hold” and a consensus target price of $13.90.

Navient Stock Performance

Shares of NAVI stock opened at $13.60 on Friday. Navient Co. has a 12 month low of $12.73 and a 12 month high of $17.56. 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 has a market capitalization of $1.46 billion, a P/E ratio of 11.72 and a beta of 1.43. The company’s fifty day moving average price is $13.90 and its two-hundred day moving average price is $14.88.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data 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, research analysts anticipate that Navient Co. will post 1.04 earnings per share for the current fiscal year.

Navient 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.