LPL Financial LLC raised its position in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 159,103 shares of the company's stock after buying an additional 32,564 shares during the quarter. LPL Financial LLC owned about 0.12% of NextNav worth $2,476,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in NextNav in the fourth quarter worth $232,000. Commonwealth Equity Services LLC increased its stake in NextNav by 1,580.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 216,625 shares of the company's stock valued at $3,371,000 after purchasing an additional 203,734 shares in the last quarter. Swiss National Bank lifted its stake in shares of NextNav by 18.8% in the fourth quarter. Swiss National Bank now owns 99,400 shares of the company's stock worth $1,547,000 after buying an additional 15,700 shares in the last quarter. Amundi grew its holdings in shares of NextNav by 46.9% during the fourth quarter. Amundi now owns 28,883 shares of the company's stock valued at $449,000 after buying an additional 9,222 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in NextNav in the 4th quarter worth approximately $231,000. 79.16% of the stock is currently owned by institutional investors.
Insider Transactions at NextNav
In other news, CEO Mariam Sorond sold 62,868 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.23, for a total value of $706,007.64. Following the completion of the sale, the chief executive officer now directly owns 1,550,358 shares in the company, valued at $17,410,520.34. This represents a 3.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Sammaad Shams sold 4,005 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.21, for a total value of $44,896.05. Following the completion of the transaction, the chief accounting officer now directly owns 81,100 shares in the company, valued at $909,131. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,705 shares of company stock worth $816,495 in the last ninety days. Insiders own 15.70% of the company's stock.
NextNav Stock Performance
Shares of NASDAQ:NN traded down $0.28 during midday trading on Tuesday, reaching $12.06. 873,624 shares of the company's stock traded hands, compared to its average volume of 1,052,120. NextNav Inc. has a one year low of $6.47 and a one year high of $18.54. The stock has a 50 day moving average of $11.71 and a 200 day moving average of $12.69. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -16.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01.
NextNav (NASDAQ:NN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.10). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The company had revenue of $1.91 million during the quarter, compared to the consensus estimate of $1.73 million. As a group, equities research analysts anticipate that NextNav Inc. will post -0.74 EPS for the current fiscal year.
NextNav 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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