Omega Advisors Lowers stake in Navient Corp (NAVI)

Navient Corp (NAVI) : Omega Advisors reduced its stake in Navient Corp by 1.97% during the most recent quarter end. The investment management company now holds a total of 13,804,067 shares of Navient Corp which is valued at $186,216,864 after selling 277,050 shares in Navient Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Navient Corp makes up approximately 4.86% of Omega Advisors’s portfolio.

Other Hedge Funds, Including , Sawtooth Asset Management boosted its stake in NAVI in the latest quarter, The investment management firm added 2,745 additional shares and now holds a total of 53,187 shares of Navient Corp which is valued at $717,493. Navient Corp makes up approx 0.37% of Sawtooth Asset Management’s portfolio.Argi Investment Services boosted its stake in NAVI in the latest quarter, The investment management firm added 3,856 additional shares and now holds a total of 83,736 shares of Navient Corp which is valued at $1,129,599. Navient Corp makes up approx 0.11% of Argi Investment Services’s portfolio.Rafferty Asset Management reduced its stake in NAVI by selling 55,207 shares or 60.9% in the most recent quarter. The Hedge Fund company now holds 35,449 shares of NAVI which is valued at $483,524. Navient Corp makes up approx 0.03% of Rafferty Asset Management’s portfolio. Global X Management Co added NAVI to its portfolio by purchasing 48 company shares during the most recent quarter which is valued at $655.Alps Advisors Inc boosted its stake in NAVI in the latest quarter, The investment management firm added 205,635 additional shares and now holds a total of 2,030,457 shares of Navient Corp which is valued at $28,649,748. Navient Corp makes up approx 0.25% of Alps Advisors Inc’s portfolio.

Navient Corp (NAVI) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.44 and reached the intraday high at $14.54. The bulls started the profit booking and pushed the shares to intraday low of $14.14. The trading session was marked by a volume range of 20,25,831 shares exchanging hands. The 52-week high of the shares is $14.67 and the 52-week low is $8.2. The market cap of the company stands at $4,559 M and there are 31,70,33,010 shares in public circulation.

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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