Long Position on NAVI @ $16.75 on 5/20/2021 (Momentum)

Navient Corporation (NAVI) provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States.

It operates through four segments: Federal Education Loans, Consumer Lending, Business Processing, and Other.

The company owns Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

It also owns, originates, and acquires private education loans; and offers healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, consulting engagement, and public health programs, as well as business processing services to state governments, agencies, court systems, municipalities, and parking and tolling authorities.

In addition, the company provides customizable solutions for its clients that include hospitals, hospital systems, medical centers, large physician groups, other healthcare providers, and departments of public health; and corporate liquidity portfolio and debt repurchase services.

Navient Corporation reported 1st Quarter March 2021 earnings of $1.71 per share on revenue of $996.0 million. The consensus earnings estimate was $0.78 per share on revenue of $281.4 million. Revenue grew 6.1% on a year-over-year basis.

With current year-to-date earnings increasing by nearly 23% over the last 60 days, this stock is sure to follow it's upwards momentum and share prices should increase.

Entry Point: $16.75

Stop Loss: $16.00

Trading Range: $6.38 - $17.70

Target Price: $18.40

Updates

5/27/2021 11:04:15 AM

NAVI closed at $18.10

Position closed on 5/27/2021 at price of $18.10 with a 8.06% gain in 7 days.

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