Robeco Institutional Asset Management B.V. Reduces Stock Position in Navient Co. (NASDAQ:NAVI)

Robeco Institutional Asset Management B.V. reduced its position in shares of Navient Co. (NASDAQ:NAVI) by 28.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 69,033 shares of the credit services provider’s stock after selling 27,403 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Navient were worth $1,285,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. ARGA Investment Management LP purchased a new stake in shares of Navient during the fourth quarter worth about $452,000. QRG Capital Management Inc. lifted its holdings in shares of Navient by 15.4% during the fourth quarter. QRG Capital Management Inc. now owns 16,545 shares of the credit services provider’s stock valued at $308,000 after purchasing an additional 2,206 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Navient by 31.5% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,586,501 shares of the credit services provider’s stock valued at $66,781,000 after purchasing an additional 858,890 shares during the last quarter. Semanteon Capital Management LP purchased a new position in shares of Navient during the fourth quarter valued at approximately $372,000. Finally, Meritage Portfolio Management lifted its holdings in shares of Navient by 5.6% during the fourth quarter. Meritage Portfolio Management now owns 31,279 shares of the credit services provider’s stock valued at $582,000 after purchasing an additional 1,667 shares during the last quarter. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Navient from $19.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. TD Cowen reduced their price target on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, April 26th. Citigroup raised their price target on shares of Navient from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Barclays reduced their price target on shares of Navient from $13.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, April 25th. Finally, StockNews.com downgraded shares of Navient from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, Navient presently has an average rating of “Hold” and a consensus target price of $16.10.

Insider Activity at Navient

In related news, EVP Mark L. Heleen sold 10,000 shares of Navient stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $16.00, for a total transaction of $160,000.00. Following the transaction, the executive vice president now owns 393,611 shares in the company, valued at approximately $6,297,776. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 27.99% of the stock is owned by corporate insiders.

Navient Trading Down 1.4 %

Shares of NAVI stock opened at $15.25 on Thursday. Navient Co. has a 1 year low of $14.10 and a 1 year high of $19.69. The firm has a fifty day moving average price of $16.24 and a 200-day moving average price of $16.92. The company has a debt-to-equity ratio of 18.38, a current ratio of 12.52 and a quick ratio of 12.52. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 9.78 and a beta of 1.39.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Navient had a net margin of 3.93% and a return on equity of 12.09%. The firm had revenue of $163.00 million during the quarter, compared to the consensus estimate of $188.04 million. As a group, equities analysts predict that Navient Co. will post 1.66 earnings per share for the current year.

Navient Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.