Paloma Partners Management Co purchased a new stake in shares of NextNav Inc. (NASDAQ:NN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 141,500 shares of the company's stock, valued at approximately $1,060,000. Paloma Partners Management Co owned about 0.11% of NextNav as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of NextNav by 37.7% during the 1st quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company's stock worth $21,307,000 after purchasing an additional 887,075 shares during the last quarter. 272 Capital LP acquired a new position in NextNav during the 3rd quarter valued at $756,000. Wittenberg Investment Management Inc. bought a new position in shares of NextNav during the 3rd quarter worth about $366,000. Wolf Hill Capital Management LP raised its position in shares of NextNav by 14.6% during the second quarter. Wolf Hill Capital Management LP now owns 2,123,062 shares of the company's stock valued at $17,218,000 after buying an additional 269,754 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of NextNav in the second quarter valued at about $1,571,000. Institutional investors own 79.16% of the company's stock.
NextNav Price Performance
Shares of NextNav stock traded down $0.91 during trading on Tuesday, hitting $16.34. 952,158 shares of the company's stock traded hands, compared to its average volume of 877,741. The company has a market cap of $2.11 billion, a PE ratio of -21.79 and a beta of 1.13. The firm's fifty day moving average price is $11.65 and its 200 day moving average price is $9.11. NextNav Inc. has a twelve month low of $3.55 and a twelve month high of $18.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01.
Analyst Upgrades and Downgrades
Separately, B. Riley boosted their price objective on NextNav from $12.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, November 14th.
Read Our Latest Stock Report on NN
NextNav Company Profile
(
Free Report)
NextNav Inc provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service.
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