LSV Asset Management Sells 340,527 Shares of Navient Corporation $NAVI

LSV Asset Management reduced its position in shares of Navient Corporation (NASDAQ:NAVI) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,373,611 shares of the credit services provider’s stock after selling 340,527 shares during the period. LSV Asset Management’s holdings in Navient were worth $44,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its position in Navient by 79.0% in the 3rd quarter. CWM LLC now owns 2,525 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 1,114 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Navient in the 3rd quarter worth approximately $68,000. Root Financial Partners LLC purchased a new position in shares of Navient in the 3rd quarter worth approximately $88,000. Russell Investments Group Ltd. grew its holdings in shares of Navient by 77.0% in the second quarter. Russell Investments Group Ltd. now owns 7,766 shares of the credit services provider’s stock valued at $109,000 after acquiring an additional 3,378 shares in the last quarter. Finally, Inceptionr LLC purchased a new stake in shares of Navient during the second quarter valued at approximately $152,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NAVI. Deutsche Bank Aktiengesellschaft cut their price objective on Navient from $15.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Navient in a research note on Monday, December 29th. Wall Street Zen lowered shares of Navient from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. TD Cowen reaffirmed a “sell” rating on shares of Navient in a research report on Thursday, October 30th. Finally, Barclays set a $9.00 target price on shares of Navient in a research note on Thursday, January 29th. Five investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and a consensus price target of $11.63.

Navient Price Performance

NASDAQ NAVI opened at $9.34 on Friday. The company has a quick ratio of 9.41, a current ratio of 9.01 and a debt-to-equity ratio of 16.94. The company has a market cap of $910.74 million, a PE ratio of -11.39 and a beta of 1.32. Navient Corporation has a 52 week low of $9.33 and a 52 week high of $16.07. The firm’s 50-day simple moving average is $11.96 and its two-hundred day simple moving average is $12.44.

Navient (NASDAQ:NAVI) last posted its earnings results on Wednesday, January 28th. The credit services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.29). The business had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $144.25 million. Navient had a positive return on equity of 4.70% and a negative net margin of 2.47%.During the same quarter in the previous year, the business earned ($0.24) EPS. Navient has set its FY 2026 guidance at 0.650-0.800 EPS. Research analysts predict that Navient Corporation will post 1.04 earnings per share for the current year.

Navient Profile

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.