Will Nelnet, Inc. (NNI) Run Out of Steam Soon?

May 17, 2018 - By Hannah Black

Nelnet, Inc. (NYSE:NNI) Logo

Investors sentiment increased to 1.08 in Q4 2017. Its up 0.22, from 0.86 in 2017Q3. It increased, as 8 investors sold Nelnet, Inc. shares while 43 reduced holdings. 18 funds opened positions while 37 raised stakes. 15.93 million shares or 0.34% less from 15.98 million shares in 2017Q3 were reported.
Systematic Mgmt Lp stated it has 0.03% of its portfolio in Nelnet, Inc. (NYSE:NNI). Ogorek Anthony Joseph Adv, a New York-based fund reported 138 shares. Renaissance Ltd Co holds 156,100 shares. Blackrock holds 0% or 1.27M shares in its portfolio. Lsv Asset Mngmt reported 1.01 million shares or 0.09% of all its holdings. Texas-based Bridgeway Capital Management has invested 0.04% in Nelnet, Inc. (NYSE:NNI). D E Shaw And has 0% invested in Nelnet, Inc. (NYSE:NNI) for 11,720 shares. Northwestern Mutual Wealth Mgmt, a Wisconsin-based fund reported 200 shares. Tower Research Ltd Liability Co (Trc) accumulated 250 shares. Moreover, Foundry Ptnrs has 0.32% invested in Nelnet, Inc. (NYSE:NNI) for 138,206 shares. Numeric Investors Ltd Liability Co stated it has 0.1% of its portfolio in Nelnet, Inc. (NYSE:NNI). Zebra Lc reported 0.28% stake. Parkside Finance Bankshares And Tru holds 0.02% or 1,143 shares. Schwab Charles Inv Mngmt reported 0.01% stake. Price T Rowe Assoc Md holds 3,968 shares.

Since January 23, 2018, it had 0 buys, and 4 sales for $419,680 activity. MUHLEISEN ANGIE sold 2,000 shares worth $104,100.

The stock of Nelnet, Inc. (NYSE:NNI) hit a new 52-week high and has $63.77 target or 3.00 % above today’s $61.91 share price. The 5 months bullish chart indicates low risk for the $2.52 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $63.77 price target is reached, the company will be worth $75.57 million 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.

The stock increased 0.03% or $0.02 during the last trading session, reaching $61.91. About 33,052 shares traded. Nelnet, Inc. (NYSE:NNI) has risen 23.30% since May 17, 2017 and is uptrending. It has outperformed by 11.75% the S&P500.

Nelnet, Inc. provides education related services and products, and student loan asset management services in the United States and internationally. The company has market cap of $2.52 billion. The company's Loan Systems and Servicing segment is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for the company's student loan portfolio and for third-party clients. It has a 14.94 P/E ratio. This segment also provides software and data center, borrower and loan updates, default aversion tracking, claim processing, and post-default collection services for guarantee agencies; and contact center solutions, as well as licenses student loan servicing software to third-party student loan holders and servicers.

Nelnet, Inc. (NYSE:NNI) Institutional Positions Chart

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