The stock of Nelnet, Inc. (NYSE:NNI) hit a new 52-week high and has $56.73 target or 8.00% above today’s $52.53 share price. The 9 months bullish chart indicates low risk for the $2.25 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $56.73 price target is reached, the company will be worth $180.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 43,116 shares traded hands. Nelnet, Inc. (NYSE:NNI) has risen 27.88% since April 21, 2016 and is uptrending. It has outperformed by 22.55% the S&P500.
Analysts await Nelnet, Inc. (NYSE:NNI) to report earnings on February, 23.
Nelnet, Inc. (NYSE:NNI) Ratings Coverage
Out of 2 analysts covering Nelnet (NYSE:NNI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Nelnet has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Friday, August 7, the company rating was maintained by Compass Point. The rating was downgraded by Credit Suisse to “Neutral” on Monday, November 14. The stock has “Buy” rating given by Compass Point on Monday, November 9. As per Friday, August 7, the company rating was maintained by Credit Suisse.
According to Zacks Investment Research, “Nelnet Inc is an educational finance companies and is focused on providing quality student loan products and services to students and schools nationwide. Nelnet offers a broad range of student loan and financial services and technology-based products, including student loan origination and lending, guarantee servicing, and a suite of software solutions. Their products are designed to simplify the student loan process by automating financial aid delivery, loan processing, and funds disbursement.”
Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.33, from 0.84 in 2016Q1. The ratio improved, as 15 funds sold all Nelnet, Inc. shares owned while 47 reduced positions. 16 funds bought stakes while 36 increased positions. They now own 16.86 million shares or 2.25% less from 17.25 million shares in 2016Q1.
Moreover, Dimensional Fund Limited Partnership has 0.04% invested in Nelnet, Inc. (NYSE:NNI) for 2.10 million shares. Pnc Fincl Services Grp Inc holds 0% or 148 shares in its portfolio. Blackrock Group Inc Ltd holds 0% or 31,106 shares in its portfolio. Citigroup last reported 0% of its portfolio in the stock. Moreover, Allianz Asset Mgmt Ag has 0% invested in Nelnet, Inc. (NYSE:NNI) for 23,916 shares. Shell Asset Management Company, a Netherlands-based fund reported 83,157 shares. State Board Of Administration Of Florida Retirement, a Florida-based fund reported 13,527 shares. Lsv Asset has invested 0.07% of its portfolio in Nelnet, Inc. (NYSE:NNI). Highbridge Mngmt Ltd Com has 0.01% invested in the company for 19,620 shares. Millennium Management Lc holds 0% of its portfolio in Nelnet, Inc. (NYSE:NNI) for 42,322 shares. Spark Investment Mgmt Limited Liability has invested 0.11% of its portfolio in Nelnet, Inc. (NYSE:NNI). Prudential holds 464,249 shares or 0.03% of its portfolio. First Trust Advsrs L P holds 42,872 shares or 0% of its portfolio. The Pennsylvania-based Federated Pa has invested 0% in Nelnet, Inc. (NYSE:NNI). Qs Investors Ltd Llc holds 0.01% of its portfolio in Nelnet, Inc. (NYSE:NNI) for 17,570 shares.
Insider Transactions: Since November 7, 2016, the stock had 0 buys, and 1 insider sale for $39,000 net activity. Shares for $39,000 were sold by Munn William J.
More news for Nelnet, Inc. (NYSE:NNI) were recently published by: Marketwatch.com, which released: “Nelnet downgraded to neutral from outperform at Credit Suisse” on October 15, 2010. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 12, 2011 is yet another important article.
NNI Company Profile
Nelnet, Inc., incorporated on December 21, 1977, focuses on delivering education-related services and products and student loan asset management. The Firm is engaged in student loan servicing, tuition payment processing and school information systems, and telecommunications. The Company’s divisions include Student Loan and Guaranty Servicing, which focuses on student loan servicing, student loan servicing-related technology solutions, and outsourcing services for lenders, guaranty agencies and other entities; Tuition Payment Processing and Campus Commerce, which provides services and products to help students and families manage the payment of education costs at all levels (K-12 and higher education); Asset Generation and Management segment, which includes the acquisition and management of the Company’s student loan assets, and Telecommunications, which focuses on providing fiber optic service directly to homes and businesses for Internet, television and telephone services. The Firm also makes investments in real estate and start-up ventures.
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