|Bid||0.00 x 4000|
|Ask||0.00 x 900|
|Day's Range||11.47 - 11.76|
|52 Week Range||8.23 - 15.02|
|Beta (3Y Monthly)||2.35|
|PE Ratio (TTM)||7.78|
|Earnings Date||Apr 22, 2019 - Apr 26, 2019|
|Forward Dividend & Yield||0.64 (5.32%)|
|1y Target Est||15.22|
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Navient Corporation (NAVI). Throughout 2017 and 2018, Navient was sued in several civil suits by the U.S. CFPB and Attorneys General from Illinois, Pennsylvania, Washington, California and Mississippi for violations of consumer protection laws based on allegations of widespread acts of misconduct toward loan borrowers. In October 2017, the Company was sued in a securities class action lawsuit for failing to disclose material information, which is ongoing.
Navient Corp NASDAQ/NGS:NAVIView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for NAVI with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding NAVI is favorable, with net inflows of $18.68 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. NAVI credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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SAN DIEGO, CA / ACCESSWIRE / February 26, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit for certain investors in shares of Navient Corp (NASDAQ: NAVI) is pending against Navient Corp. ...
NEW ORLEANS , Feb. 22, 2019 /PRNewswire/ -- Former Attorney General of Louisiana , Charles C. Foti, Jr., Esq. , a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF ...
“Navient is committed to maintaining a highly qualified, diverse and independent Board and to following good governance practices that create shareholder value and serve our customers, employees and communities. Navient shareholders do not need to take any action at this time. Morgan Stanley & Co. LLC is acting as financial advisor to Navient and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor.
LOS ANGELES, Feb. 21, 2019 /PRNewswire/ -- Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon"), today sent a letter to the board of directors (the "Board") of Navient Corporation ("Navient") (NAVI) proposing a minority slate of four nominees for election to the Board as independent directors at Navient's 2019 annual meeting of stockholders. As you know, Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon") is the investment advisor to funds and accounts that hold more than 25.6 million shares, over 10%, of the outstanding common stock of the Company. Canyon has been a Navient investor for years and is the Company's largest shareholder.
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declined 5.4% to $11.98 on Thursday after hedge fund Canyon Capital Advisors LLC withdrew its "expression of interest" to acquire the servicer of student loans. Earlier this week, Navient received a buyout offer worth about $3.2 billion but rejected the offer saying it "substantially undervalues" the company.
The food producer matched estimates with quarterly profit of 44 cents per share, but the maker of Spam, Dinty Moore, and other food brands saw revenue come up slightly short of Street forecasts. Separately, Hormel said PepsiCo PEP would pay $465 million in cash for its CytoSport. Hormel had announced that deal earlier this week, but had not disclosed the purchase price for the Muscle Milk maker at that time.
Canyon, which has about a 10% stake in the company, said it will propose a minority slate of candidates for election at Navient’s annual meeting. Canyon said the candidates would bring a fresh perspective and oversight to the company’s strategic direction. Navient’s board said Monday that it voted to turn down the $12.50-a-share proposal, worth about $3.2 billion, from Canyon Capital and private-equity firm Platinum Equity Advisors LLC, believing it undervalues the company and is lacking in other ways.
LOS ANGELES , Feb. 20, 2019 /PRNewswire/ -- Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon"), today announced that it has withdrawn its February 15, 2019 initial ...
Stocks that moved substantially or traded heavily on Tuesday: Walmart Inc., up $2.21 to $102.20 The giant retailer's earnings beat analysts' forecasts as online sales grew, as did its grocery pickup and ...
The offer was rejected as being significantly below expectation and not enough information about future plans was provided. Canyon Capital Advisors said it was “surprised and frankly confused” by the company response.
Check out the companies making headlines midday Tuesday:Walmart WMT — Walmart shares gained more than 2 percent after the retailer posted better-than-expected earnings and revenue for the holiday quarter.
The board of Navient voted Monday to turn down the proposal of $12.50 a share from hedge fund Canyon Capital Advisors LLC and private-equity firm Platinum Equity Advisors LLC, The Wall Street Journal reported Monday. Navient issued a confirmation. "Navient's Board, in consultation with its financial and legal advisors, has carefully reviewed the expression of interest and unanimously determined that it substantially undervalues the Company and is not in the best interests of Navient or its stockholders.
LOS ANGELES, Feb. 19, 2019 /PRNewswire/ -- Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon"), today sent a letter to the board of directors of Navient Corporation ("Navient") (NAVI) in response to Navient's letter and press release issued on February 18, 2019. Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon") was surprised and frankly confused by the letter from Company Chairman Diefenderfer and the accompanying press release with respect to Canyon's indication of interest in acquiring the Company for $12.50 a share.