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

Nelnet (NYSE:NNI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Nelnet Stock Performance

Shares of NYSE NNI opened at $94.00 on Tuesday. The company has a debt-to-equity ratio of 3.67, a current ratio of 35.15 and a quick ratio of 35.15. The stock’s fifty day moving average price is $90.42 and its two-hundred day moving average price is $87.83. Nelnet has a one year low of $81.67 and a one year high of $101.60. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 38.52 and a beta of 0.86.

Nelnet (NYSE:NNI) last issued its quarterly earnings data on Tuesday, February 27th. The credit services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($1.19). Nelnet had a net margin of 4.43% and a return on equity of 3.81%. The firm had revenue of $260.66 million during the quarter. On average, equities analysts forecast that Nelnet will post 5.15 EPS for the current year.

Institutional Trading of Nelnet

Large investors have recently modified their holdings of the stock. Group One Trading L.P. acquired a new stake in shares of Nelnet during the 1st quarter worth $26,000. Lazard Asset Management LLC bought a new stake in shares of Nelnet during the 4th quarter worth $29,000. CWM LLC lifted its position in shares of Nelnet by 176.5% during the 4th quarter. CWM LLC now owns 412 shares of the credit services provider’s stock worth $36,000 after buying an additional 263 shares during the last quarter. TFO Wealth Partners LLC lifted its position in shares of Nelnet by 49,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 500 shares of the credit services provider’s stock worth $44,000 after buying an additional 499 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in shares of Nelnet by 30.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 715 shares of the credit services provider’s stock worth $65,000 after buying an additional 166 shares during the last quarter. 33.51% of the stock is owned by institutional investors and hedge funds.

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.