Invesco Quality Municipal Income Trust (IQI) At $11.82 Forms Bottom; Canyon Capital Advisors Has Lifted By $63.59 Million Its Navient (NAVI) Stake

Invesco Quality Municipal Income Trust (IQI) formed multiple bottom with $11.11 target or 6.00% below today’s $11.82 share price. Invesco Quality Municipal Income Trust (IQI) has $625.09 million valuation. The stock decreased 0.59% or $0.07 during the last trading session, reaching $11.82. About 92,442 shares traded. Invesco Quality Municipal Income Trust (NYSE:IQI) has declined 5.40% since June 14, 2017 and is downtrending. It has underperformed by 17.97% the S&P500.

Canyon Capital Advisors Llc increased Navient Corporation (NAVI) stake by 32.07% reported in 2018Q1 SEC filing. Canyon Capital Advisors Llc acquired 4.89M shares as Navient Corporation (NAVI)’s stock rose 9.66%. The Canyon Capital Advisors Llc holds 20.14 million shares with $264.26 million value, up from 15.25 million last quarter. Navient Corporation now has $3.63 billion valuation. The stock decreased 3.38% or $0.48 during the last trading session, reaching $13.73. About 3.12M shares traded. Navient Corporation (NASDAQ:NAVI) has risen 0.97% since June 14, 2017 and is uptrending. It has underperformed by 11.60% the S&P500. Some Historical NAVI News: ; 18/04/2018 – Report: Majority of millennials are on top of their finances; 09/04/2018 – Navient Implements Proxy Access; 26/03/2018 – Navient Foundation supports college tour for at-risk youth; 08/05/2018 – Navient recognized for gender diversity on its board; 17/05/2018 – Navient Foundation supports local family homeless shelter; 04/04/2018 – CANYON CAPITAL ADVISORS LLC REPORTS A 7.8 PCT STAKE IN NAVIENT CORP AS OF APRIL 2 – SEC FILING; 15/03/2018 – Moody’s Assigns Provisional Ratings To Navient Student Loan Trust 2018-2; 01/05/2018 – Navient Foundation supports Indiana food banks; 23/05/2018 – First Data and Navient Announce Agreement on Student Loan Technology; 04/04/2018 – NAVIENT TO ENGAGE W/ CANYON TO DISCUSS POTENTIAL BOARD NOMINEES

More recent Navient Corporation (NASDAQ:NAVI) news were published by: Seekingalpha.com which released: “Ambac Financial +4.2% on index promotion; IART, EVRG, NAVI changing places” on May 31, 2018. Also Globenewswire.com published the news titled: “Navient Foundation supports the YMCA of Delaware summer camp programs” on June 04, 2018. Bizjournals.com‘s news article titled: “Navient raising $500 million to help cut down on billions in debt maturities” with publication date: June 13, 2018 was also an interesting one.

Among 16 analysts covering Navient Corporation (NASDAQ:NAVI), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. Navient Corporation has $24 highest and $13.5 lowest target. $17.92’s average target is 30.52% above currents $13.73 stock price. Navient Corporation had 40 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by JP Morgan to “Underweight” on Friday, January 12. Compass Point downgraded the shares of NAVI in report on Thursday, October 5 to “Neutral” rating. On Wednesday, April 4 the stock rating was maintained by Jefferies with “Hold”. J.P. Morgan downgraded the stock to “Sell” rating in Friday, January 12 report. The rating was maintained by BMO Capital Markets on Thursday, October 19 with “Market Perform”. The rating was maintained by BMO Capital Markets on Wednesday, July 19 with “Hold”. The firm has “Hold” rating given on Monday, June 19 by Jefferies. The firm earned “Neutral” rating on Thursday, July 21 by Goldman Sachs. Citigroup initiated the stock with “Buy” rating in Monday, October 16 report. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”.

Navient Corporation (NASDAQ:NAVI) Ratings Chart