Royce & Associates LP Sells 208,000 Shares of NextNav Inc. (NASDAQ:NN)

Royce & Associates LP trimmed its holdings in NextNav Inc. (NASDAQ:NN - Free Report) by 51.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,894 shares of the company's stock after selling 208,000 shares during the period. Royce & Associates LP owned about 0.15% of NextNav worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in NextNav by 1.1% during the third quarter. State Street Corp now owns 2,010,131 shares of the company's stock worth $15,056,000 after purchasing an additional 22,152 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NextNav by 10.3% during the third quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company's stock worth $12,672,000 after purchasing an additional 158,455 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in NextNav by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 576,254 shares of the company's stock worth $8,967,000 after purchasing an additional 29,448 shares during the last quarter. Ingalls & Snyder LLC boosted its holdings in NextNav by 1.5% during the fourth quarter. Ingalls & Snyder LLC now owns 301,400 shares of the company's stock worth $4,690,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Barclays PLC boosted its holdings in NextNav by 29.2% during the third quarter. Barclays PLC now owns 291,964 shares of the company's stock worth $2,187,000 after purchasing an additional 66,039 shares during the last quarter. 79.16% of the stock is owned by institutional investors.

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Insider Buying and Selling at NextNav

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 shares were sold at an average price of $11.24, for a total value of $64,405.20. Following the transaction, the chief financial officer now directly owns 857,206 shares in the company, valued at $9,634,995.44. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mariam Sorond sold 62,868 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.23, for a total transaction 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 approximately $17,410,520.34. This trade represents a 3.90 % 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 over the last three months. 15.70% of the stock is currently owned by insiders.

NextNav Stock Up 1.1 %

NextNav stock traded up $0.13 during midday trading on Friday, hitting $11.97. 1,672,673 shares of the stock were exchanged, compared to its average volume of 995,544. NextNav Inc. has a 52-week low of $6.19 and a 52-week high of $18.54. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -15.96 and a beta of 1.17. The business's 50-day moving average price is $11.78 and its 200-day moving average price is $12.07. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81.

NextNav (NASDAQ:NN - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.91 million for the quarter, compared to analysts' expectations of $1.73 million. On average, research analysts expect that NextNav Inc. will post -0.74 EPS for the current fiscal year.

About NextNav

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.