Ancora Advisors LLC Buys 261,000 Shares of NextNav Inc. (NASDAQ:NN)

Ancora Advisors LLC increased its holdings in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,016,250 shares of the company's stock after acquiring an additional 261,000 shares during the period. Ancora Advisors LLC owned about 1.54% of NextNav worth $31,373,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Voleon Capital Management LP purchased a new stake in NextNav in the 4th quarter worth about $325,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of NextNav in the fourth quarter worth $296,000. Northern Trust Corp grew its stake in NextNav by 12.8% during the fourth quarter. Northern Trust Corp now owns 702,396 shares of the company's stock valued at $10,929,000 after acquiring an additional 79,813 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of NextNav by 5.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 30,753 shares of the company's stock worth $479,000 after acquiring an additional 1,563 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in NextNav by 23.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,130 shares of the company's stock worth $469,000 after acquiring an additional 5,807 shares in the last quarter. 79.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextNav

In other news, CEO Mariam Sorond sold 62,868 shares of NextNav stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.23, for a total value of $706,007.64. Following the transaction, the chief executive officer now directly owns 1,550,358 shares of the company's stock, valued at $17,410,520.34. The trade was a 3.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christian D. Gates sold 5,730 shares of NextNav stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.24, for a total transaction of $64,405.20. Following the completion of the transaction, the chief financial officer now owns 857,206 shares in the company, valued at approximately $9,634,995.44. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,705 shares of company stock valued at $816,495. 7.70% of the stock is currently owned by insiders.

NextNav Trading Up 1.2 %

Shares of NASDAQ:NN traded up $0.17 during midday trading on Thursday, reaching $13.97. The company's stock had a trading volume of 541,106 shares, compared to its average volume of 1,051,520. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -18.63 and a beta of 1.03. NextNav Inc. has a 1 year low of $6.47 and a 1 year high of $18.54. 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 business has a 50 day moving average price of $11.88 and a 200 day moving average price of $13.14.

NextNav (NASDAQ:NN - Get Free Report) last issued its earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share 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 business had revenue of $1.91 million for the quarter, compared to the consensus estimate of $1.73 million. Research analysts forecast that NextNav Inc. will post -0.74 EPS for the current year.

NextNav Company 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.