Stock of The Day: Does Nelnet, Inc. Have More Gas After Touching Record High?

Stock of The Day: Does Nelnet, Inc. Have More Gas After Touching Record High?

The stock of Nelnet, Inc. (NYSE:NNI) reached all time high today, Nov, 22 and still has $56.45 target or 8.00% above today’s $52.27 share price. This indicates more upside for the $2.24 billion company. This technical setup was reported by Barchart.com. If the $56.45 PT is reached, the company will be worth $179.20 million 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 18,894 shares traded hands. Nelnet, Inc. (NYSE:NNI) has risen 26.64% since April 20, 2016 and is uptrending. It has outperformed by 22.09% 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. The rating was downgraded by Credit Suisse to “Neutral” on Monday, November 14. The stock of Nelnet, Inc. (NYSE:NNI) earned “Outperform” rating by Credit Suisse on Friday, August 7. The stock of Nelnet, Inc. (NYSE:NNI) earned “Buy” rating by Compass Point on Friday, August 7. On Monday, November 9 the stock rating was maintained by Compass Point with “Buy”.

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 increased to 1.17 in 2016 Q2. Its up 0.33, from 0.84 in 2016Q1. The ratio is positive, 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.
Wellington Management Limited Liability Partnership, a Massachusetts-based fund reported 299,526 shares. Renaissance Tech Lc reported 340,100 shares or 0.02% of all its holdings. Bridgeway Capital Mngmt Inc holds 0.05% or 85,600 shares in its portfolio. The New York-based Alliancebernstein L P has invested 0% in Nelnet, Inc. (NYSE:NNI). Commercial Bank Of America De owns 15,539 shares or 0% of their US portfolio. Highbridge Cap Management Limited Co last reported 19,620 shares in the company. Brandywine Global Mngmt Ltd Liability owns 120,862 shares or 0.03% of their US portfolio. Tower Research Cap Limited Liability (Trc), a New York-based fund reported 352 shares. Pine River Mngmt Ltd Partnership holds 24,445 shares or 0.01% of its portfolio. Wells Fargo And Company Mn accumulated 20,049 shares or 0% of the stock. Massachusetts Fincl Ma holds 0% or 14,375 shares in its portfolio. Lsv Asset Management last reported 0.07% of its portfolio in the stock. Moreover, Teacher Retirement Systems Of Texas has 0% invested in Nelnet, Inc. (NYSE:NNI) for 3,494 shares. Federated Incorporated Pa owns 36,858 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa has 783 shares for 0% of their US portfolio.

Insider Transactions: Since November 7, 2016, the stock had 0 buys, and 1 sale for $39,000 net activity. Shares for $39,000 were sold by Munn William J on Monday, November 7.

More news for Nelnet, Inc. (NYSE:NNI) were recently published by: Marketwatch.com, which released: “Nelnet downgraded to neutral from outperform at Credit Suisse” on October 15, 2010. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 12, 2011 is yet another important article.

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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