Worth Watching: Nelnet, Inc. Hit All Time High

Worth Watching: Nelnet, Inc. Hit All Time High

The stock of Nelnet, Inc. (NYSE:NNI) reached all time high today, Nov, 14 and still has $70.88 target or 46.00% above today’s $48.55 share price. This indicates more upside for the $2.10B company. This technical setup was reported by Barchart.com. If the $70.88 PT is reached, the company will be worth $966.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 126,523 shares traded hands or 65.41% up from the average. Nelnet, Inc. (NYSE:NNI) has risen 20.35% since April 12, 2016 and is uptrending. It has outperformed by 15.37% the S&P500.

Nelnet, Inc. (NYSE:NNI) Ratings Coverage

Out of 2 analysts covering Nelnet (NYSE:NNI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Nelnet has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Compass Point maintained Nelnet, Inc. (NYSE:NNI) rating on Monday, November 9. Compass Point has “Buy” rating and $48 price target. The stock of Nelnet, Inc. (NYSE:NNI) earned “Neutral” rating by Credit Suisse on Monday, November 14. The firm has “Outperform” rating by Credit Suisse given on Friday, August 7. Compass Point maintained the stock with “Buy” rating in Friday, August 7 report.

According to Zacks Investment Research, “Nelnet Inc is an educational finance companies and is focused on providing quality student loan products and services to students and schools nationwide. Nelnet offers a broad range of student loan and financial services and technology-based products, including student loan origination and lending, guarantee servicing, and a suite of software solutions. Their products are designed to simplify the student loan process by automating financial aid delivery, loan processing, and funds disbursement.”

Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.35, from 1.19 in 2016Q1. The ratio is negative, as 15 funds sold all Nelnet, Inc. shares owned while 47 reduced positions. 16 funds bought stakes while 36 increased positions. They now own 16.86 million shares or 2.25% less from 17.25 million shares in 2016Q1.
The Massachusetts-based Fmr Llc has invested 0% in Nelnet, Inc. (NYSE:NNI). Deutsche Comml Bank Ag owns 30,146 shares or 0% of their US portfolio. Moreover, Wells Fargo & Mn has 0% invested in Nelnet, Inc. (NYSE:NNI) for 20,049 shares. Robeco Institutional Asset Mngmt Bv holds 0.01% or 19,820 shares in its portfolio. D E Shaw Incorporated reported 71,452 shares or 0% of all its holdings. Americafirst Cap Management Limited Liability holds 0% of its portfolio in Nelnet, Inc. (NYSE:NNI) for 15,113 shares. Moreover, Highbridge Management Ltd Llc has 0.01% invested in Nelnet, Inc. (NYSE:NNI) for 19,620 shares. Adams Diversified Equity Fund accumulated 10,400 shares or 0.02% of the stock. Prudential Fin owns 464,249 shares or 0.03% of their US portfolio. Citigroup has invested 0% of its portfolio in Nelnet, Inc. (NYSE:NNI). Blackrock reported 5,506 shares or 0% of all its holdings. Aperio Grp Incorporated Lc holds 0% or 5,758 shares in its portfolio. Glob X Mgmt Communications Lc last reported 0% of its portfolio in the stock. Thompson Davis & has 762 shares for 0.04% of their US portfolio. Zebra Capital Mgmt Llc holds 0.94% or 77,373 shares in its portfolio.

Insider Transactions: Since November 7, 2016, the stock had 0 insider buys, and 1 sale for $39,000 net activity. On Monday, November 7 Munn William J sold $39,000 worth of the stock or 1,000 shares.

More recent Nelnet, Inc. (NYSE:NNI) news were published by: Marketwatch.com which released: “Nelnet downgraded to neutral from outperform at Credit Suisse” on October 15, 2010. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Prnewswire.com‘s news article titled: “Nelnet Reports Third Quarter 2016 Results” with publication date: November 09, 2016 was also an interesting one.

NNI Company Profile

Nelnet, Inc., incorporated on December 21, 1977, focuses on delivering education-related services and products and student loan asset management. The Firm is engaged in student loan servicing, tuition payment processing and school information systems, and telecommunications. The Company’s divisions include Student Loan and Guaranty Servicing, which focuses on student loan servicing, student loan servicing-related technology solutions, and outsourcing services for lenders, guaranty agencies and other entities; Tuition Payment Processing and Campus Commerce, which provides services and products to help students and families manage the payment of education costs at all levels (K-12 and higher education); Asset Generation and Management segment, which includes the acquisition and management of the Company’s student loan assets, and Telecommunications, which focuses on providing fiber optic service directly to homes and businesses for Internet, television and telephone services. The Firm also makes investments in real estate and start-up ventures.

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