Gryphon Financial Partners LLC boosted its holdings in Navient Corp (NASDAQ:NAVI) by 212.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,113 shares of the credit services provider’s stock after purchasing an additional 6,881 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Navient were worth $137,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Point72 Asset Management L.P. acquired a new stake in Navient during the 2nd quarter worth about $125,000. Yorktown Management & Research Co Inc acquired a new stake in Navient during the 2nd quarter worth about $130,000. Signition LP acquired a new stake in Navient during the 3rd quarter worth about $135,000. Shufro Rose & Co. LLC acquired a new stake in Navient during the 2nd quarter worth about $139,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Navient during the 2nd quarter worth about $151,000. Hedge funds and other institutional investors own 91.65% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Navient from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. ValuEngine downgraded Navient from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. Citigroup cut their price objective on Navient from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. BidaskClub upgraded Navient from a “strong sell” rating to a “sell” rating in a report on Thursday. Finally, Oppenheimer restated a “hold” rating on shares of Navient in a report on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.79.
Shares of NAVI opened at $12.62 on Friday. The stock has a market capitalization of $3.26 billion, a PE ratio of 6.83 and a beta of 2.12. Navient Corp has a fifty-two week low of $11.30 and a fifty-two week high of $15.02. The company has a debt-to-equity ratio of 25.59, a quick ratio of 21.92 and a current ratio of 19.74.
Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, October 23rd. The credit services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $327.00 million for the quarter, compared to the consensus estimate of $310.17 million. Navient had a return on equity of 13.43% and a net margin of 4.29%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. On average, sell-side analysts expect that Navient Corp will post 1.9 EPS for the current fiscal year.
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Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.
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