<div id="readability-page-1"><p>Texas Permanent School Fund Corp trimmed its position in  Navient Corporation (NASDAQ:NAVI - Free Report) by 62.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 49,173 shares of the credit services provider's stock after selling 83,051 shares during the period. Texas Permanent School Fund Corp's holdings in Navient were worth $693,000 at the end of the most recent reporting period.</p><ul><li>Top 3 Stocks to Buy Ahead of This Week's Earnings</li></ul><p>Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of  Navient by 3.4% in the 2nd quarter. American Century Companies Inc. now owns 2,021,710 shares of the credit services provider's stock worth $28,506,000 after buying an additional 66,814 shares during the period.  Hsbc Holdings PLC boosted its stake in  Navient by 31.5% during the first quarter. Hsbc Holdings PLC now owns 163,995 shares of the credit services provider's stock worth $2,068,000 after acquiring an additional 39,315 shares in the last quarter.  Voya Investment Management LLC boosted its stake in  Navient by 41.7% during the first quarter. Voya Investment Management LLC now owns 89,772 shares of the credit services provider's stock worth $1,134,000 after acquiring an additional 26,414 shares in the last quarter.  Trexquant Investment LP purchased a new stake in  Navient in the first quarter worth about $434,000.  Finally, Orbis Allan Gray Ltd increased its stake in shares of  Navient by 29.7% during the first quarter. Orbis Allan Gray Ltd now owns 2,311,785 shares of the credit services provider's stock valued at $29,198,000 after purchasing an additional 528,716 shares in the last quarter. Hedge funds and other institutional investors own  97.14% of the company's stock. </p><h2>Navient Stock Performance</h2><p>Shares of NAVI opened at $12.97 on Friday. The business's fifty day simple moving average is $12.38 and its two-hundred day simple moving average is $13.10. The company has a current ratio of 9.41, a quick ratio of 9.41 and a debt-to-equity ratio of 16.98. Navient Corporation has a 12 month low of $10.53 and a 12 month high of $16.07. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -24.01 and a beta of 1.30. </p><p>Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings results on Monday, February 28th. The credit services provider reported $0.97 earnings per share for the quarter. The firm had revenue of $511.00 million during the quarter. Navient had a positive return on equity of 4.12% and a negative net margin of 1.48%. Research analysts anticipate that  Navient Corporation will post 1.04 earnings per share for the current fiscal year. </p><h2>Navient Announces Dividend</h2><p>The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, December 5th. This represents a $0.64 annualized dividend and a yield of 4.9%. Navient's dividend payout ratio  is currently -118.52%. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of analysts have recently commented on NAVI shares. Wall Street Zen cut Navient from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research report on Saturday, November 1st. Bank of America cut Navient from a &#34;neutral&#34; rating to an &#34;underperform&#34; rating and set a $12.00 price objective for the company. in a research note on Thursday, September 4th. JPMorgan Chase &amp; Co. dropped their target price on Navient from $14.00 to $12.50 and set a &#34;neutral&#34; rating on the stock in a report on Thursday, October 30th. Weiss Ratings  reissued a &#34;sell (d)&#34; rating on shares of Navient in a research note on Monday. Finally, Cowen  reaffirmed a &#34;sell&#34; rating on shares of Navient in a research report on Thursday, October 30th. One research analyst  has rated the stock with a Strong Buy rating, four have given a Hold rating and five have assigned  a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of &#34;Reduce&#34; and an average price target of $12.83.</p><p><b>Read Our Latest Stock Report on Navient</b></p><h2>Navient Profile</h2> (Free Report)<p>Navient Corporation <span>NASDAQ: NAVI<span></span></span> 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.  </p><p>The company's core activities center on federal student loan servicing under contracts with the U.S.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Navient</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Washington prepares for war</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>The McDonald's Secret</li></ul><p><strong>Want to see what other hedge funds are holding NAVI?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navient Corporation (NASDAQ:NAVI - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TkFWSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TkFWSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Navient Right Now?</h2><p>Before you consider Navient, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navient wasn't on the list.</p><p>While Navient currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

NAVI

<p>Texas Permanent School Fund Corp reduced its stake in Navient Corporation by 62.8% in the 2nd quarter, selling 83,051 shares. The fund now holds 49,173 shares worth $693,000. Other institutional investors also adjusted their positions in Navient. The company's stock opened at $12.97 on Friday, with a market cap of $1.26 billion. Analysts have mixed ratings on Navient, with some downgrading it to 'sell'.</p>

Texas Permanent School Fund Corp Sells 83,051 Shares of Navient Corporation $NAVI