New Age Alpha Advisors LLC Purchases Shares of 5,636 Navient Corporation (NASDAQ:NAVI)

New Age Alpha Advisors LLC purchased a new stake in shares of Navient Corporation (NASDAQ:NAVI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,636 shares of the credit services provider’s stock, valued at approximately $71,000.

Several other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in Navient during the 1st quarter valued at approximately $565,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Navient by 25.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,409 shares of the credit services provider’s stock valued at $245,000 after purchasing an additional 3,890 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Navient in the 1st quarter valued at approximately $342,000. Allianz Asset Management GmbH lifted its stake in shares of Navient by 47.1% in the 1st quarter. Allianz Asset Management GmbH now owns 381,040 shares of the credit services provider’s stock valued at $4,813,000 after purchasing an additional 122,061 shares during the last quarter. Finally, Denali Advisors LLC lifted its stake in shares of Navient by 2.8% in the 1st quarter. Denali Advisors LLC now owns 158,987 shares of the credit services provider’s stock valued at $2,008,000 after purchasing an additional 4,287 shares during the last quarter. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Navient Price Performance

Shares of NAVI stock opened at $12.48 on Tuesday. Navient Corporation has a 52-week low of $10.53 and a 52-week high of $16.97. The company has a debt-to-equity ratio of 16.52, a quick ratio of 9.94 and a current ratio of 9.94. The firm has a market capitalization of $1.24 billion, a P/E ratio of 40.26 and a beta of 1.37. The stock has a 50 day moving average price of $13.87 and a 200 day moving average price of $13.34.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Navient had a return on equity of 4.08% and a net margin of 0.89%. The business had revenue of $156.00 million for the quarter, compared to the consensus estimate of $156.20 million. During the same period in the prior year, the business posted $0.29 earnings per share. As a group, sell-side analysts predict that Navient Corporation will post 1.04 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on NAVI. Keefe, Bruyette & Woods lowered their price objective on Navient from $16.50 to $15.00 and set a “market perform” rating for the company in a research note on Thursday, July 31st. Morgan Stanley lowered their price objective on Navient from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, July 31st. TD Cowen lowered Navient from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 1st. Jefferies Financial Group lowered their price objective on Navient from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Monday, April 21st. Finally, TD Securities raised their price objective on Navient from $11.00 to $12.00 and gave the company a “sell” rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.56.

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.