Tudor Investment Corp ET AL Invests $1.44 Million in Nelnet, Inc. (NYSE:NNI)

Tudor Investment Corp ET AL acquired a new stake in shares of Nelnet, Inc. (NYSE:NNI) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 13,487 shares of the credit services provider’s stock, valued at approximately $1,441,000.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Nelnet by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 1,347,756 shares of the credit services provider’s stock valued at $143,954,000 after purchasing an additional 99,885 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Nelnet by 0.5% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,187,527 shares of the credit services provider’s stock worth $126,840,000 after purchasing an additional 5,708 shares during the period. Proficio Capital Partners LLC boosted its position in Nelnet by 16,773.6% in the fourth quarter. Proficio Capital Partners LLC now owns 482,247 shares of the credit services provider’s stock valued at $482,000 after buying an additional 479,389 shares during the last quarter. Geode Capital Management LLC boosted its position in Nelnet by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 361,553 shares of the credit services provider’s stock valued at $38,627,000 after buying an additional 1,060 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Nelnet by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 201,969 shares of the credit services provider’s stock worth $21,572,000 after buying an additional 2,778 shares during the last quarter. 33.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Nelnet from a “hold” rating to a “buy” rating in a report on Tuesday, March 4th.

Nelnet Stock Performance

NYSE NNI opened at $106.88 on Tuesday. Nelnet, Inc. has a fifty-two week low of $95.60 and a fifty-two week high of $127.32. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47. The firm has a market capitalization of $3.88 billion, a P/E ratio of 35.16 and a beta of 0.88. The stock has a 50-day simple moving average of $110.14 and a two-hundred day simple moving average of $109.94.

Nelnet (NYSE:NNI) last announced its quarterly earnings results on Thursday, February 27th. The credit services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. The company had revenue of $401.61 million during the quarter, compared to the consensus estimate of $335.00 million. Nelnet had a return on equity of 3.78% and a net margin of 5.54%. On average, equities analysts forecast that Nelnet, Inc. will post 4.52 earnings per share for the current year.

Nelnet Company Profile

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.