Navient Corp (NAVI) : Kahn Brothers Group Inc De reduced its stake in Navient Corp by 1.27% during the most recent quarter end. The investment management company now holds a total of 185,091 shares of Navient Corp which is valued at $2,657,907 after selling 2,380 shares in Navient Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Navient Corp makes up approximately 0.49% of Kahn Brothers Group Inc De’s portfolio.
Other Hedge Funds, Including , Teacher Retirement System Of Texas reduced its stake in NAVI by selling 509,103 shares or 58.68% in the most recent quarter. The Hedge Fund company now holds 358,427 shares of NAVI which is valued at $5,147,012. Navient Corp makes up approx 0.03% of Teacher Retirement System Of Texas’s portfolio. Herndon Capital Management added NAVI to its portfolio by purchasing 30 company shares during the most recent quarter which is valued at $426.Cutler Capital Management reduced its stake in NAVI by selling 2,000 shares or 7.14% in the most recent quarter. The Hedge Fund company now holds 26,000 shares of NAVI which is valued at $366,860. Navient Corp makes up approx 0.27% of Cutler Capital Management’s portfolio.New York State Teachers Retirement System reduced its stake in NAVI by selling 30,257 shares or 3.64% in the most recent quarter. The Hedge Fund company now holds 800,672 shares of NAVI which is valued at $11,529,677. Navient Corp makes up approx 0.03% of New York State Teachers Retirement System’s portfolio.
Navient Corp opened for trading at $13.98 and hit $14.62 on the upside on Wednesday, eventually ending the session at $14.54, with a gain of 4.53% or 0.63 points. The heightened volatility saw the trading volume jump to 51,10,888 shares. Company has a market cap of $4,610 M.
On the company’s financial health, Navient Corp reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.44.Analysts expectations of $ 403.00.During the same quarter in the previous year, the company posted $0.40 EPS.
Investors should note that on Aug 4, 2016, Navient Corp announced a cash dividend of $0.1600. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 16, 2016.
Many Wall Street Analysts have commented on Navient Corp. Navient Corp was Downgraded by Goldman to ” Neutral” on Jul 21, 2016.
Navient Corporation is a loan management servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP) as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies. Private Education Loans are education loans to students or their families that bear the full credit risk of the customer and any cosigner. The Company operates in three segments: FFELP Loans Private Education Loans and Business Services. The Company services its own portfolio of education loans as well as those owned by banks credit unions non-profit education lenders and ED. It also provides asset recovery services on its own portfolio guaranty agencies higher education institutions ED and other federal clients as well as states courts and municipalities.