Brookstone Capital Management buys $4,224,018 stake in Navient Corp (NAVI)

Navient Corp (NAVI) : Brookstone Capital Management scooped up 46,702 additional shares in Navient Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 293,947 shares of Navient Corp which is valued at $4,224,018.Navient Corp makes up approximately 0.55% of Brookstone Capital Management’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in NAVI during the most recent quarter. The investment firm sold 25,091 shares of NAVI which is valued $360,558.Heritage Investors Management Corp reduced its stake in NAVI by selling 2,760 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 214,326 shares of NAVI which is valued at $2,974,845. Navient Corp makes up approx 0.22% of Heritage Investors Management Corp’s portfolio. Naples Global Advisors sold out all of its stake in NAVI during the most recent quarter. The investment firm sold 10,919 shares of NAVI which is valued $148,717.Exxonmobil Investment Management Inc Tx boosted its stake in NAVI in the latest quarter, The investment management firm added 2,086 additional shares and now holds a total of 85,554 shares of Navient Corp which is valued at $1,085,680. Navient Corp makes up approx 0.02% of Exxonmobil Investment Management Inc Tx’s portfolio.

Navient Corp opened for trading at $14 and hit $14.47 on the upside on Wednesday, eventually ending the session at $14.37, with a gain of 4.36% or 0.6 points. The heightened volatility saw the trading volume jump to 47,07,967 shares. Company has a market cap of $4,749 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.

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.

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