Mutual of America Capital Management LLC Lowers Holdings in Navient Corporation (NASDAQ:NAVI)

Mutual of America Capital Management LLC trimmed its holdings in Navient Corporation (NASDAQ:NAVI) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,800 shares of the credit services provider’s stock after selling 910 shares during the period. Mutual of America Capital Management LLC’s holdings in Navient were worth $136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Northern Trust Corp lifted its position in shares of Navient by 14.6% in the fourth quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider’s stock valued at $20,832,000 after acquiring an additional 199,937 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Navient by 32.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,439,903 shares of the credit services provider’s stock valued at $18,186,000 after acquiring an additional 353,898 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Navient by 47.4% in the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider’s stock valued at $17,488,000 after acquiring an additional 423,013 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Navient by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 917,232 shares of the credit services provider’s stock valued at $12,190,000 after acquiring an additional 22,765 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Navient by 46.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 725,244 shares of the credit services provider’s stock valued at $9,638,000 after acquiring an additional 228,385 shares in the last quarter. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NAVI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Navient from $12.50 to $15.50 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Jefferies Financial Group decreased their target price on Navient from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. TD Cowen downgraded Navient from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 1st. Morgan Stanley decreased their target price on Navient from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. Finally, TD Securities boosted their target price on Navient from $11.00 to $12.00 and gave the stock a “sell” rating in a research report on Thursday, May 1st. Three 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.56.

Navient Trading Up 2.2%

Shares of NAVI stock opened at $13.18 on Thursday. Navient Corporation has a 1 year low of $10.53 and a 1 year high of $16.97. The company has a debt-to-equity ratio of 16.52, a current ratio of 9.94 and a quick ratio of 9.94. The stock’s 50 day simple moving average is $13.85 and its two-hundred day simple moving average is $13.33. The company has a market cap of $1.31 billion, a PE ratio of 42.52 and a beta of 1.37.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data 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 net margin of 0.89% and a return on equity of 4.08%. The company had revenue of $156.00 million for the quarter, compared to analysts’ expectations of $156.20 million. During the same quarter last year, the company earned $0.29 earnings per share. Research analysts predict that Navient Corporation will post 1.04 earnings per share for the current year.

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.