Is there a Bearish outlook for Navient Corporation (NASDAQ:NAVI) this week?

September 30, 2018 - By Mary Kidd

Investors sentiment increased to 0.9 in Q2 2018. Its up 0.12, from 0.78 in 2018Q1. It improved, as 48 investors sold Navient Corporation shares while 101 reduced holdings. 44 funds opened positions while 90 raised stakes. 237.94 million shares or 4.35% less from 248.77 million shares in 2018Q1 were reported.
Element Mgmt Ltd stated it has 163,652 shares or 0.06% of all its holdings. North Star Asset Mngmt Inc holds 0.66% in Navient Corporation (NASDAQ:NAVI) or 588,054 shares. Nuveen Asset Mngmt Limited Co holds 82,413 shares or 0.01% of its portfolio. Barrow Hanley Mewhinney And Strauss Ltd Limited Liability Company has 0.56% invested in Navient Corporation (NASDAQ:NAVI). Gabelli Funds Ltd Llc holds 0.04% or 497,000 shares. Hartford Management Com invested 0.01% of its portfolio in Navient Corporation (NASDAQ:NAVI). Stifel Fincl holds 54,627 shares. 68,236 were accumulated by Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation. Panagora Asset Mgmt invested 0% in Navient Corporation (NASDAQ:NAVI). Moreover, Texas Permanent School Fund has 0.03% invested in Navient Corporation (NASDAQ:NAVI) for 170,781 shares. Boston Prtn reported 16.78 million shares. Ledyard Commercial Bank holds 0.02% of its portfolio in Navient Corporation (NASDAQ:NAVI) for 12,000 shares. Numerixs Inv Technology reported 0.1% of its portfolio in Navient Corporation (NASDAQ:NAVI). Hightower Advisors Ltd reported 0% stake. Sg Americas Secs Limited Liability Company holds 0.01% of its portfolio in Navient Corporation (NASDAQ:NAVI) for 69,531 shares.

Navient Corporation (NASDAQ:NAVI) Ratings Coverage

Among 3 analysts covering Navient (NASDAQ:NAVI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Navient had 3 analyst reports since April 5, 2018 according to SRatingsIntel. The stock has “Outperform” rating by Wedbush on Friday, June 1. Jefferies maintained it with “Hold” rating and $1400 target in Wednesday, April 4 report. Compass Point upgraded the stock to “Buy” rating in Thursday, April 5 report. Below is a list of Navient Corporation (NASDAQ:NAVI) latest ratings and price target changes.

01/06/2018 Broker: Wedbush Old Rating: Neutral New Rating: Outperform Old Target: $16.5 Upgrade
04/04/2018 Broker: Jefferies Rating: Hold New Target: $14.0000 Maintain
05/04/2018 Broker: Compass Point Old Rating: Neutral New Rating: Buy Upgrade

The stock increased 0.07% or $0.01 during the last trading session, reaching $13.48. About 1.64 million shares traded. Navient Corporation (NASDAQ:NAVI) has declined 7.35% since September 30, 2017 and is downtrending. It has underperformed by 22.97% the S&P500.

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 has market cap of $3.51 billion. The firm operates in three divisions: Federal Family Education Loan Program Loans, Private Education Loans, and Business Services. It has a 12.08 P/E ratio. It holds the portfolio of education loans insured or guaranteed under the FFELP, as well as the portfolio of private education loans.

More important recent Navient Corporation (NASDAQ:NAVI) news were published by: Globenewswire.com which released: “Consolidated Research: 2018 Summary Expectations for Community Health, Aradigm, Avnet, Sanchez Energy, Black …” on September 25, 2018, also Globenewswire.com published article titled: “Millennials: ‘Saving for retirement can wait'”, Globenewswire.com published: “Navient helps more borrowers avoid default” on September 27, 2018. More interesting news about Navient Corporation (NASDAQ:NAVI) was released by: Globenewswire.com and their article: “Navient announces new $500 million share repurchase authority” with publication date: September 13, 2018.

Navient Corporation (NASDAQ:NAVI) Ratings Chart

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