As Navient Corp (NAVI) Market Valuation Declined, Teachers Retirement System Of The State Of Kentucky Decreased Holding by $14.48 Million

October 13, 2018 - By Adrian Mccoy

Investors sentiment increased to 0.9 in Q2 2018. Its up 0.12, from 0.78 in 2018Q1. It increased, as 48 investors sold NAVI shares while 101 reduced holdings. 44 funds opened positions while 90 raised stakes. 237.94 million shares or 4.35% less from 248.77 million shares in 2018Q1 were reported. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt has invested 0.01% in Navient Corporation (NASDAQ:NAVI). Northern Corporation holds 0.01% or 3.45M shares in its portfolio. Element Cap Mgmt Ltd Llc reported 0.06% in Navient Corporation (NASDAQ:NAVI). Meeder Asset Mngmt has invested 0% in Navient Corporation (NASDAQ:NAVI). Employees Retirement Sys Of Texas has invested 0.05% of its portfolio in Navient Corporation (NASDAQ:NAVI). State Street stated it has 0.01% of its portfolio in Navient Corporation (NASDAQ:NAVI). Moreover, Rhumbline Advisers has 0.01% invested in Navient Corporation (NASDAQ:NAVI) for 460,221 shares. Rampart Investment Mgmt Limited Liability Corp reported 12,525 shares or 0.02% of all its holdings. Voya Inv Ltd Liability has invested 0% of its portfolio in Navient Corporation (NASDAQ:NAVI). Fj Capital Mgmt Limited Com stated it has 0.03% of its portfolio in Navient Corporation (NASDAQ:NAVI). Two Sigma Ltd Llc reported 16,093 shares. Moreover, Robeco Institutional Asset Management Bv has 0.09% invested in Navient Corporation (NASDAQ:NAVI) for 1.48 million shares. Teachers Retirement Systems Of The State Of Kentucky invested in 54,600 shares. 60,290 were reported by Thrivent Fincl For Lutherans. Alps Inc holds 3.82M shares or 0.32% of its portfolio.

Teachers Retirement System Of The State Of Kentucky decreased its stake in Navient Corp (NAVI) by 95.33% based on its latest 2018Q2 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky sold 1.11 million shares as the company’s stock declined 2.69% while stock markets rallied. The institutional investor held 54,600 shares of the investment bankers and brokers and service company at the end of 2018Q2, valued at $711,000, down from 1.17 million at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in Navient Corp for a number of months, seems to be less bullish one the $3.21B market cap company. The stock decreased 1.67% or $0.21 during the last trading session, reaching $12.33. About 1.38 million shares traded. Navient Corporation (NASDAQ:NAVI) has declined 7.35% since October 13, 2017 and is downtrending. It has underperformed by 22.97% the S&P500.

Teachers Retirement System Of The State Of Kentucky, which manages about $8.47 billion US Long portfolio, upped its stake in Spirit Airls Inc (NASDAQ:SAVE) by 105,600 shares to 438,655 shares, valued at $15.95M in 2018Q2, according to the filing. It also increased its holding in Lkq Corp (NASDAQ:LKQ) by 143,200 shares in the quarter, for a total of 429,224 shares, and has risen its stake in F5 Networks Inc (NASDAQ:FFIV).

Analysts await Navient Corporation (NASDAQ:NAVI) to report earnings on October, 16. They expect $0.50 earnings per share, down 9.09 % or $0.05 from last year’s $0.55 per share. NAVI’s profit will be $130.17M for 6.17 P/E if the $0.50 EPS becomes a reality. After $0.49 actual earnings per share reported by Navient Corporation for the previous quarter, Wall Street now forecasts 2.04 % EPS growth.

More important recent Navient Corporation (NASDAQ:NAVI) news were published by: Globenewswire.com which released: “Navient helps more borrowers avoid default” on September 27, 2018, also Nasdaq.com published article titled: “Navient to host job fair to fill customer care positions on Oct. 18”, Globenewswire.com published: “Local employer announces job fair on Oct. 16” on October 10, 2018. More interesting news about Navient Corporation (NASDAQ:NAVI) was released by: Globenewswire.com and their article: “Navient to hold job fair to fill customer care positions” with publication date: October 04, 2018.

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