272 Capital LP bought a new position in shares of NextNav Inc. (NASDAQ:NN - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 100,961 shares of the company's stock, valued at approximately $756,000. 272 Capital LP owned 0.08% of NextNav at the end of the most recent quarter.
Several other large investors also recently modified their holdings of NN. Vanguard Group Inc. lifted its position in shares of NextNav by 37.7% in 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 period. Wolf Hill Capital Management LP lifted its holdings in NextNav by 14.6% in the second quarter. Wolf Hill Capital Management LP now owns 2,123,062 shares of the company's stock worth $17,218,000 after buying an additional 269,754 shares during the period. Empyrean Capital Partners LP boosted its position in NextNav by 56.6% during the 2nd quarter. Empyrean Capital Partners LP now owns 660,845 shares of the company's stock valued at $5,359,000 after acquiring an additional 238,845 shares in the last quarter. DigitalBridge Group Inc. purchased a new position in shares of NextNav during the 2nd quarter worth approximately $1,741,000. Finally, Marshall Wace LLP bought a new position in shares of NextNav in the 2nd quarter worth approximately $1,571,000. 79.16% of the stock is owned by institutional investors.
NextNav Stock Up 3.9 %
Shares of NASDAQ:NN traded up $0.66 during midday trading on Friday, reaching $17.39. The company's stock had a trading volume of 1,006,147 shares, compared to its average volume of 1,321,170. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $11.26 and a 200-day moving average of $8.98. The firm has a market capitalization of $2.24 billion, a P/E ratio of -23.19 and a beta of 0.94. NextNav Inc. has a 12-month low of $3.55 and a 12-month high of $18.10.
Wall Street Analysts Forecast Growth
Separately, B. Riley lifted their price target 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 Research Report on NN
About NextNav
(
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.
Featured Stories
Before you consider NextNav, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NextNav wasn't on the list.
While NextNav currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
