SLM Corporation (NASDAQ:SLM).
Cardinal Capital Management LLC /ct reports that it sold 217,557 shares last quarter decreasing its exposure to SLM Corporation by 7.0%. Its stake was worth $33,368,000 a decrease of 7.2% as of quarter end.
Cardinal Capital Management LLC /ct isn’t the only one who has changed their investment in SLM. Omers Administration Corp augmented its holdings by buying 10,600 shares an increase of 30.6% as of 09/30/2017. Omers Administration Corp currently owns 45,200 shares with a value of $518,000. The total value of its holdings increased 30.2%. As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought 217,557 shares growing its position 0.1%. The value of the investment in (SLM) went from $723,000 to $722,000 a change of $1,000 quarter over quarter.
Cardinal Capital Management LLC /ct cut its ownership by shedding 217,557 shares a decrease of 7.0% from 06/30/2017 to 09/30/2017. Cardinal Capital Management LLC /ct claims 2,909,202 shares valued at $33,368,000. The value of the position overall is down by 7.2%. As of quarter end Cardinal Capital Management LLC /ct had disposed of a total of 47 shares trimming its holdings by 7.0%. The value of the total investment in SLM Corporation decreased from $35,958,000 to $33,368,000 decreasing 7.2% since the last quarter.
Raymond James & Associates added to its stake by buying 3,593 shares an increase of 0.6%. Raymond James & Associates now controls 623,780 shares worth $7,155,000. The value of the position overall is up by 0.3%.
Equity analyst FBR & Co issued a report on SLM with a rating of “Buy” and establishing a price target of $13.00. On October 16 analysts at Citigroup released research on SLM with an initial rating of “Buy”.
October 6 investment analysts at BMO Capital Markets kept the company rating at “Hold” projecting a price of $12.00. On September 19 FBR & Co kept the stock rating at “Buy” targeting a price of $13.00.
On September 14 Wedbush left the company rating at “Outperform” with a current price target of $14.50.
The company is so far trading up by 2.42% percent from yesterday’s close. SLM Corporation’s P/E ratio is 15.12 and market capitalization is 4.39B. As of the latest earnings report the EPS was $0.67 with 431.90M shares now outstanding.
Short traders are feeling a little more bullish lately considering the change in short interest. The firm recorded a fall in short interest of -2.83% as of October 13, 2017 from the last reporting period. Short shares decreased 496,960 over that timeframe. Days to cover decreased from 9.0 to 7.0 and the percentage of shorted shares is 0.04% as of October 13.