Navient Corp Unusual Bearish Options Activity Means Higher Risks

 Navient Corp Unusual Bearish Options Activity Means Higher Risks

In today’s session Navient Corp (NAVI) recorded an unusually high (93) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious NAVI decrease. With 93 contracts traded and 98654 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: NAVI180119P00007500 closed last at: $0.7 or 0% . About 545,605 shares traded hands. Navient Corp (NASDAQ:NAVI) has risen 28.04% since April 26, 2016 and is uptrending. It has outperformed by 22.78% the S&P500.

Analysts await Navient Corp (NASDAQ:NAVI) to report earnings on January, 24. They expect $0.47 earnings per share, down 2.08% or $0.01 from last year’s $0.48 per share. NAVI’s profit will be $141.16 million for 9.30 P/E if the $0.47 EPS becomes a reality. After $0.50 actual earnings per share reported by Navient Corp for the previous quarter, Wall Street now forecasts -6.00% negative EPS growth.

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. Navient Corporation has been the topic of 9 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, February 24 report. On Monday, August 31 the stock rating was maintained by Wood with “Outperform”. The company was initiated on Monday, November 30 by JP Morgan. The firm earned “Buy” rating on Thursday, October 8 by Goldman Sachs. On Thursday, July 21 the stock rating was downgraded by Goldman Sachs to “Neutral”.

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 decreased to 0.82 in Q2 2016. Its down 0.11, from 0.93 in 2016Q1. The ratio dived, 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.
Hutchin Hill Ltd Partnership has 0.28% invested in the company for 700,000 shares. Deere last reported 14,872 shares in the company. Herndon Ltd Com, a Georgia-based fund reported 30 shares. Moreover, Zweig has 0.04% invested in Navient Corp (NASDAQ:NAVI) for 29,500 shares. Jpmorgan Chase & Communication accumulated 0.01% or 2.87 million shares. Geode Capital Mngmt Limited Co holds 3.48M shares or 0.02% of its portfolio. The Connecticut-based Trexquant Inv L P has invested 0.02% in Navient Corp (NASDAQ:NAVI). Mount Lucas Mgmt L P last reported 2.02% of its portfolio in the stock. Goldman Sachs Grp, a New York-based fund reported 4.39M shares. Schroder Mngmt Gp owns 268,471 shares or 0.01% of their US portfolio. Mycio Wealth Prtnrs Ltd Com holds 524 shares or 0% of its portfolio. Hillsdale Inv Management Inc holds 3,600 shares or 0.01% of its portfolio. Moreover, Aqr Mgmt Limited Liability Corp has 0.03% invested in Navient Corp (NASDAQ:NAVI) for 1.33M shares. Guardian Trust Company, a California-based fund reported 164 shares. Portolan Capital Lc has invested 0.37% of its portfolio in Navient Corp (NASDAQ:NAVI).

Navient Corporation is a loan management, servicing and asset recovery company. The company has a market cap of $5.25 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 7.19 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 recent Navient Corp (NASDAQ:NAVI) news were published by: Forbes.com which released: “Navient is Oversold” on October 21, 2016. Also Seekingalpha.com published the news titled: “Trade On Student Loans With Trump Cabinet Appointment” on November 29, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Arthur J. Gallagher, Navient and Northern Trust” with publication date: November 28, 2016 was also an interesting one.

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