as the nation's leading loan management, servicing and asset recovery company, navient (nasdaq:navi) helps customers navigate the path to financial success. servicing more than $300 billion in student loans, the company supports the educational and economic achievements of more than 12 million americans. a growing number of government and higher education clients rely on navient for proven solutions to meet their financial goals. learn more at navient.com.
Company profile
Ticker
NAVI, JSM
Exchange
Website
CEO
John Remondi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
New Corp
SEC CIK
Corporate docs
Subsidiaries
Navient Solutions, LLC • Navient Credit Finance Corporation • Navient Credit Funding, LLC • Navient Funding, LLC • Riverfront Insurance, LLC ...
NAVI stock data
Latest filings (excl ownership)
8-K
Navient posts fourth quarter 2023 financial results
31 Jan 24
8-K
Results of Operations and Financial Condition
31 Jan 24
8-K
Navient announces strategic actions following in-depth business review
30 Jan 24
8-K
Entry into a Material Definitive Agreement
15 Dec 23
8-K
Entry into a Material Definitive Agreement
3 Nov 23
424B2
Prospectus for primary offering
2 Nov 23
FWP
Free writing prospectus
31 Oct 23
424B5
Prospectus supplement for primary offering
31 Oct 23
10-Q
2023 Q3
Quarterly report
25 Oct 23
8-K
Navient posts third quarter 2023 financial results
24 Oct 23
Transcripts
NAVI
Earnings call transcript
2023 Q4
31 Jan 24
NAVI
Earnings call transcript
2023 Q3
25 Oct 23
NAVI
Earnings call transcript
2023 Q2
26 Jul 23
NAVI
Earnings call transcript
2023 Q2
26 Jul 23
NAVI
Earnings call transcript
2023 Q1
26 Apr 23
NAVI
Earnings call transcript
2022 Q4
25 Jan 23
NAVI
Earnings call transcript
2022 Q3
26 Oct 22
NAVI
Earnings call transcript
2022 Q2
27 Jul 22
NAVI
Earnings call transcript
2022 Q1
27 Apr 22
NAVI
Earnings call transcript
2021 Q4
26 Jan 22
Latest ownership filings
3
Initial statement of insider ownership
1 Mar 24
4
JOHN M KANE
1 Mar 24
4
MARK L HELEEN
1 Mar 24
4
STEPHEN M HAUBER
1 Mar 24
4
Joe Fisher
1 Mar 24
SC 13D/A
Sherborne Investors Management LP
28 Feb 24
4
MARK L HELEEN
13 Feb 24
4
JOHN M KANE
13 Feb 24
4
STEPHEN M HAUBER
13 Feb 24
4
Joe Fisher
13 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.80 bn | 2.80 bn | 2.80 bn | 2.80 bn | 2.80 bn | 2.80 bn |
Cash burn (monthly) | 155.67 mm | 92.58 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 875.50 mm | 520.71 mm | n/a | n/a | n/a | n/a |
Cash remaining | 1.93 bn | 2.28 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 12.4 | 24.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 253 |
Opened positions | 21 |
Closed positions | 28 |
Increased positions | 71 |
Reduced positions | 102 |
13F shares | Current |
---|---|
Total value | 1.89 tn |
Total shares | 152.00 mm |
Total puts | 4.27 mm |
Total calls | 517.30 k |
Total put/call ratio | 8.3 |
Largest owners | Shares | Value |
---|---|---|
Sherborne Investors Management | 29.45 mm | $507.13 bn |
Sherborne Investors | 29.45 mm | $490.05 mm |
BLK Blackrock | 14.67 mm | $252.60 bn |
Cantor Fitzgerald Europe | 12.61 mm | $267.66 mm |
Vanguard | 10.64 mm | $183.20 bn |
Dimensional Fund Advisors | 10.23 mm | $176.17 bn |
LSV Asset Management | 5.85 mm | $101.15 bn |
STT State Street | 3.74 mm | $64.48 bn |
Donald Smith & Co. | 2.73 mm | $46.97 bn |
Jacobs Levy Equity Management | 2.03 mm | $34.88 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Feb 24 | John M Kane | Common Stock | Payment of exercise | Dispose F | No | No | 15.75 | 9,479 | 149.29 k | 513,557.999 |
28 Feb 24 | Mark L Heleen | Common Stock | Payment of exercise | Dispose F | No | No | 15.75 | 7,414 | 116.77 k | 403,611.423 |
28 Feb 24 | Stephen M Hauber | Common Stock | Payment of exercise | Dispose F | No | No | 15.75 | 4,936 | 77.74 k | 252,041.531 |
28 Feb 24 | Joe Fisher | Common Stock | Payment of exercise | Dispose F | No | No | 15.75 | 4,943 | 77.85 k | 259,447.77 |
News
Top 5 Financial Stocks That Could Lead To Your Biggest Gains In Q1
8 Feb 24
Citigroup Maintains Neutral on Navient, Raises Price Target to $18
1 Feb 24
The Analyst Verdict: Navient In The Eyes Of 6 Experts
1 Feb 24
JP Morgan Maintains Underweight on Navient, Lowers Price Target to $18
1 Feb 24
Why Student Loan Servicer Navient Shares Are Falling Today
31 Jan 24