Must-know: AQR Basic Management’s 2Q14 positions (Part 3 of 8)
(Continued from Allotment 2)
AQR Basic and Navient
AQR Basic Administration added new positions in AstraZeneca (AZN), Navient Corp. (NAVI), and Equinix (EQIX). It awash positions in Tableau Software Inc. (DATA) and Geo Group Inc. (or GEO). AQR added positions in Apple (or AAPL) and DIRECTV (DTV).
AQR Basic accomplished a new position in Navient in 2Q14. The aggregation accounts for a 0.225% position in the fund’s additional division U.S. continued portfolio. Market Realist appear that D.E. Shaw and Omega admiral additionally acquired pale in Navient in 2Q14.
Navient offers a array of accommodation management, servicing, and asset accretion casework to audience in academy education. It additionally has audience in federal, state, and bounded governments.
The Department of Apprenticeship Accommodation Application provides banking articulacy tools. The tools service apprentice and ancestor federal loans for the U.S. Department of Education.
Private apprentice accommodation servicing
Navient additionally casework a ample portfolio of clandestine apprentice loans. One affection that’s different to clandestine loans is the cosigner release. This account allows a acclaim aces borrower who meets the belief to absolution their cosigner from any added banking obligation to their clandestine apprentice loan.
Asset accretion and collections services
Navient’s ancestors of asset accretion companies is one of the largest, responsible, compliant, and top assuming accumulating operations in the country.
The asset accretion and collections companies include:
2Q14 EPS declines
Navient’s 2Q14 balance per allotment (or EPS) exhausted estimates. For the 2Q14, the about accustomed accounting attempt (or GAAP) net assets was $307 million, or $0.71 adulterated EPS—compared to $543 million, or $1.20 adulterated EPS, for the aforementioned division aftermost year.
The abatement in net assets was mainly due to $257 actor in assets from the auction of balance interests in Federal Ancestors Apprenticeship Accommodation Program (or FFELP) accommodation securitization trusts. The auction took abode in the aforementioned division aftermost year. There was a $38 actor after-tax accretion from the auction of the Campus Solutions business in the aforementioned division aftermost year. There was also a $122 actor abatement in net absorption income.
Navient additionally saw a $19 actor abatement in debt repurchase gains, a $15 actor abatement in added income, and a $38 actor access in restructuring and added about-face costs.
Last year, Navient’s administration undertook a alternation of accomplishments to advance actor value. This included affairs balance interests in several FFELP securitization trusts, divesting two subsidiaries, debt repurchasing, and strategically amid Navient from SLM Corporation.
Navient’s reportable segments results
To apprentice added about Navient actuality spun off from Sallie Mae, appointment Market Realist folio at “Must-know: Omega Admiral adds a new position in Navient.”
In the aing allotment of the series, we’ll discuss why AQR basic opened a new position in Equinix.
Continue to Allotment 4
Browse this alternation on Market Realist:
The Worst Advices We’ve Heard For Capital One Borrower Assistance Form | Capital One Borrower Assistance Form – capital one borrower assistance form
| Encouraged to be able to my personal blog, in this particular time period We’ll provide you with concerning capital one borrower assistance form