Charles Schwab Investment Management Inc. raised its holdings in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 576,254 shares of the company's stock after purchasing an additional 29,448 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.44% of NextNav worth $8,967,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its position in shares of NextNav by 71.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,434 shares of the company's stock worth $225,000 after acquiring an additional 6,037 shares in the last quarter. Mission Wealth Management LP bought a new stake in NextNav during the 4th quarter valued at $156,000. US Bancorp DE bought a new position in NextNav in the 4th quarter valued at about $28,000. Oppenheimer & Co. Inc. lifted its position in NextNav by 170.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 27,000 shares of the company's stock worth $420,000 after purchasing an additional 17,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in NextNav by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 207,459 shares of the company's stock valued at $3,228,000 after buying an additional 26,412 shares in the last quarter. 79.16% of the stock is currently owned by hedge funds and other institutional investors.
NextNav Price Performance
NN stock traded down $0.76 on Wednesday, hitting $12.68. 991,090 shares of the company's stock traded hands, compared to its average volume of 998,202. The stock has a fifty day moving average of $11.79 and a 200-day moving average of $12.19. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -16.91 and a beta of 1.17. NextNav Inc. has a 1-year low of $6.42 and a 1-year high of $18.54.
NextNav (NASDAQ:NN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The firm had revenue of $1.91 million for the quarter, compared to analysts' expectations of $1.73 million. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. On average, analysts forecast that NextNav Inc. will post -0.74 EPS for the current fiscal year.
Insider Buying and Selling
In other NextNav news, CFO Christian D. Gates sold 5,730 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.24, for a total transaction of $64,405.20. Following the completion of the sale, the chief financial officer now directly owns 857,206 shares of the company's stock, valued at approximately $9,634,995.44. The trade was a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Sammaad Shams sold 4,005 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.21, for a total value of $44,896.05. Following the completion of the sale, the chief accounting officer now directly owns 81,100 shares of the company's stock, valued at approximately $909,131. This trade represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,705 shares of company stock valued at $816,495. Insiders own 15.70% of the company's stock.
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.
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