NextNav Inc. (NASDAQ:NN) Stock Holdings Boosted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 100.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,579 shares of the company's stock after purchasing an additional 43,935 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.07% of NextNav worth $1,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of NextNav during the fourth quarter worth about $231,000. Legal & General Group Plc lifted its position in shares of NextNav by 15.5% during the fourth quarter. Legal & General Group Plc now owns 46,961 shares of the company's stock worth $731,000 after purchasing an additional 6,292 shares in the last quarter. Invesco Ltd. lifted its holdings in NextNav by 2,461.2% in the 4th quarter. Invesco Ltd. now owns 712,385 shares of the company's stock worth $11,085,000 after buying an additional 684,571 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of NextNav during the fourth quarter worth about $3,742,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of NextNav by 112.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock valued at $30,000 after buying an additional 1,018 shares during the last quarter. Hedge funds and other institutional investors own 79.16% of the company's stock.

NextNav Stock Down 0.6 %

Shares of NextNav stock traded down $0.08 during trading on Friday, reaching $11.76. The company had a trading volume of 862,955 shares, compared to its average volume of 1,047,635. 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 Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $18.54. The firm's fifty day moving average is $11.61 and its 200-day moving average is $12.84. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -15.67 and a beta of 1.03.

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 analyst estimates of $1.73 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. On average, analysts anticipate that NextNav Inc. will post -0.74 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mariam Sorond sold 62,868 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.23, for a total value of $706,007.64. Following the sale, the chief executive officer now owns 1,550,358 shares of the company's stock, valued at $17,410,520.34. This trade represents a 3.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $11.21, for a total transaction of $44,896.05. Following the completion of the transaction, the chief accounting officer now owns 81,100 shares of the company's stock, valued at approximately $909,131. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,705 shares of company stock worth $816,495 over the last ninety days. 15.70% of the stock is owned by insiders.

NextNav Profile

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.