Nelnet (NYSE:NNI) Raised to Buy at StockNews.com

Nelnet (NYSE:NNI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Nelnet Trading Up 0.8 %

Nelnet stock opened at $112.62 on Wednesday. The stock has a 50-day moving average of $108.18 and a two-hundred day moving average of $110.33. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47. Nelnet has a one year low of $83.75 and a one year high of $127.32. The stock has a market cap of $4.09 billion, a PE ratio of 37.04 and a beta of 0.91.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new position in shares of Nelnet in the fourth quarter worth about $38,000. Blue Trust Inc. raised its stake in shares of Nelnet by 1,293.1% in the fourth quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 375 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Nelnet by 796.0% in the fourth quarter. Sterling Capital Management LLC now owns 448 shares of the credit services provider’s stock worth $48,000 after purchasing an additional 398 shares during the last quarter. FMR LLC grew its holdings in Nelnet by 20.3% during the third quarter. FMR LLC now owns 556 shares of the credit services provider’s stock worth $63,000 after acquiring an additional 94 shares during the period. Finally, Venator Management LLC acquired a new stake in Nelnet during the fourth quarter worth about $214,000. 33.51% of the stock is currently owned by hedge funds and other institutional investors.

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.