StockNews.com Downgrades Nelnet (NYSE:NNI) to Hold

Nelnet (NYSE:NNI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Nelnet Stock Up 0.9 %

Shares of NNI stock opened at $94.00 on Tuesday. The stock has a market cap of $3.48 billion, a P/E ratio of 38.52 and a beta of 0.86. Nelnet has a one year low of $81.67 and a one year high of $101.60. The stock has a fifty day moving average price of $90.42 and a 200 day moving average price of $87.83. The company has a debt-to-equity ratio of 3.67, a current ratio of 35.15 and a quick ratio of 35.15.

Nelnet (NYSE:NNI) last issued its earnings results on Tuesday, February 27th. The credit services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $1.15 by ($1.19). The firm had revenue of $260.66 million during the quarter. Nelnet had a return on equity of 3.81% and a net margin of 4.43%. Analysts predict that Nelnet will post 5.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading L.P. bought a new position in shares of Nelnet during the first quarter valued at $26,000. MetLife Investment Management LLC lifted its holdings in shares of Nelnet by 57.4% during the first quarter. MetLife Investment Management LLC now owns 9,391 shares of the credit services provider’s stock valued at $798,000 after acquiring an additional 3,424 shares during the period. Ergoteles LLC bought a new position in shares of Nelnet during the first quarter valued at $1,300,000. Guardian Wealth Management Inc. lifted its holdings in shares of Nelnet by 3.9% during the first quarter. Guardian Wealth Management Inc. now owns 20,480 shares of the credit services provider’s stock valued at $1,741,000 after acquiring an additional 777 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Nelnet by 3.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 205,780 shares of the credit services provider’s stock valued at $17,490,000 after acquiring an additional 7,144 shares during the period. 33.51% of the stock is owned by institutional investors.

About Nelnet

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.