Could Navient Corp Lose Strenght? Option Traders Don’t Think So

 Could Navient Corp Lose Strenght? Option Traders Don't Think So

In today’s session Navient Corp (NAVI) registered an unusually high (2,501) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious NAVI increase. With 2,501 contracts traded and 221444 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: NAVI180119C00017500 closed last at: $2.3 or 58.6% up. About 1.50 million shares traded hands. Navient Corp (NASDAQ:NAVI) has risen 37.28% since April 12, 2016 and is uptrending. It has outperformed by 32.30% the S&P500.

Navient Corp (NASDAQ:NAVI) Ratings Coverage

Out of 7 analysts covering Navient Corporation (NASDAQ:NAVI), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $24 is the highest target while $15.0 is the lowest. The $19.33 average target is 10.33% above today’s ($17.52) stock price. Navient Corporation has been the topic of 9 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, August 31 by Wood. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, February 24 report. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, October 8 report. Goldman Sachs downgraded Navient Corp (NASDAQ:NAVI) on Thursday, July 21 to “Neutral” rating. JP Morgan initiated Navient Corp (NASDAQ:NAVI) on Monday, November 30 with “Overweight” rating.

According to Zacks Investment Research, “Navient Corporation offers a variety of loan management, servicing and asset recovery services to clients in higher education, and federal, state, and local governments. The Company operates in four segments: Consumer Lending, Business Services, FFELP Loans and Other. The Company acts as a servicer for Department of Education and FFELP loans as well as private student loans. Navient Corporation is based in United States.”

Insitutional Activity: The institutional sentiment increased to 0.93 in 2016 Q2. Its up 0.19, from 0.74 in 2016Q1. The ratio increased, as 33 funds sold all Navient Corp shares owned while 127 reduced positions. 45 funds bought stakes while 104 increased positions. They now own 297.11 million shares or 7.13% more from 277.33 million shares in 2016Q1.
Herndon Cap Mgmt Ltd Company has invested 0% of its portfolio in Navient Corp (NASDAQ:NAVI). Sumitomo Mitsui Asset Mgmt Communications Ltd, a Japan-based fund reported 26,879 shares. Service Automobile Association holds 0.05% or 1.19M shares in its portfolio. Canyon Capital Advsrs Ltd Llc, a California-based fund reported 2.05M shares. Korea Investment Corporation, a Korea-based fund reported 84,200 shares. Louisiana State Employees Retirement Systems reported 21,700 shares or 0.01% of all its holdings. Hanlon Invest holds 0.36% or 343,298 shares in its portfolio. Vanguard Inc last reported 0.03% of its portfolio in the stock. First Manhattan, a New York-based fund reported 315,103 shares. Qs Invsts Limited Com owns 4,020 shares or 0% of their US portfolio. Bluecrest Mngmt Limited accumulated 0.02% or 32,561 shares. Moreover, World Asset Mgmt has 0.02% invested in Navient Corp (NASDAQ:NAVI) for 33,833 shares. Pnc Financial Ser Group Inc has invested 0% of its portfolio in Navient Corp (NASDAQ:NAVI). Moreover, Prudential Financial Inc has 0.11% invested in Navient Corp (NASDAQ:NAVI) for 5.36M shares. Mizuho Trust & Banking Limited last reported 575,906 shares in the company.

Navient Corporation is a loan management, servicing and asset recovery company. The company has a market cap of $5.38 billion. The Firm holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program , as well as the portfolio of Private Education Loans. It has a 7.21 P/E ratio. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies.

NAVI Company Profile

Navient Corporation, incorporated on November 7, 2013, is a loan management, servicing and asset recovery company. The Firm 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 or not-for-profit agencies 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’s divisions include FFELP Loans, Private Education Loans, Business Services and Other. The Firm services its own portfolio of education loans, as well as those owned by banks, credit unions, other financial institutions, non-profit education lenders and ED. In addition, it provides business processing services on behalf of municipalities, public authorities and hospitals.

More news for Navient Corp (NASDAQ:NAVI) were recently published by: Forbes.com, which released: “Navient is Oversold” on October 21, 2016. Huffingtonpost.com‘s article titled: “State Prosecutors Accuse Student Loan Giant Of Wrongdoing” and published on April 28, 2016 is yet another important article.

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