Hutchin Hill Capital Lp buys $33,759,000 stake in SLM Corp (SLM)

SLM Corp (SLM) : Hutchin Hill Capital Lp scooped up 1,600,000 additional shares in SLM Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,650,000 shares of SLM Corp which is valued at $33,759,000.SLM Corp makes up approximately 2.13% of Hutchin Hill Capital Lp’s portfolio.

Other Hedge Funds, Including , Verition Fund Management added SLM to its portfolio by purchasing 28,744 company shares during the most recent quarter which is valued at $208,681. SLM Corp makes up approx 0.05% of Verition Fund Management’s portfolio.Tfs Capital boosted its stake in SLM in the latest quarter, The investment management firm added 27,041 additional shares and now holds a total of 137,266 shares of SLM Corp which is valued at $996,551. SLM Corp makes up approx 0.17% of Tfs Capital’s portfolio.California State Teachers Retirement System boosted its stake in SLM in the latest quarter, The investment management firm added 20,607 additional shares and now holds a total of 927,008 shares of SLM Corp which is valued at $6,618,837. SLM Corp makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Parametrica Management Ltd sold out all of its stake in SLM during the most recent quarter. The investment firm sold 40,541 shares of SLM which is valued $289,868. Highland Capital Management added SLM to its portfolio by purchasing 30,580 company shares during the most recent quarter which is valued at $222,317. SLM Corp makes up approx 0.02% of Highland Capital Management’s portfolio.

SLM Corp closed down -0.055 points or -0.74% at $7.36 with 16,47,188 shares getting traded on Thursday. Post opening the session at $7.42, the shares hit an intraday low of $7.32 and an intraday high of $7.47 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, SLM Corp reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.11. The company had revenue of $212.76 million for the quarter, compared to analysts expectations of $211.43 million. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on SLM Corp. Citigroup Initiated SLM Corp on Jul 14, 2016 to “Buy”, Price Target of the shares are set at $8.50.

SLM Corporation is a holding company. The Company is a saving planning and paying for education company. It is engaged in originating and servicing private education loans it makes to students and their families. The Company also operates a consumer savings network that provides financial rewards on everyday purchases to help families save for college. The Company’s private education loans are made primarily to bridge the gap between the cost of higher education and the amount funded through financial aid federal loans or customers’ resources. The Company’s loans are non-federal loans and loans not insured or guaranteed under the federal family education loan program. It provides incentives for customers to include a cosigner on the loan and also encourages customers to make payments while in school.

Leave a Reply

SLM Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on SLM Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.