NextNav Inc. (NASDAQ:NN) Stock Position Increased by Ancora Advisors LLC

Ancora Advisors LLC increased its stake in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 14.9% during the 4th quarter, according to its most recent 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 approximately 1.54% of NextNav worth $31,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE purchased a new position in NextNav in the fourth quarter valued at about $28,000. 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. Golden State Wealth Management LLC acquired a new stake in shares of NextNav during the fourth quarter worth approximately $78,000. Mission Wealth Management LP bought a new stake in shares of NextNav in the fourth quarter worth $156,000. Finally, Wharton Business Group LLC acquired a new stake in NextNav in the fourth quarter valued at $156,000. Hedge funds and other institutional investors own 79.16% of the company's stock.

NextNav Stock Down 1.4 %

NASDAQ NN traded down $0.19 during trading hours on Monday, reaching $13.01. 795,813 shares of the company traded hands, compared to its average volume of 1,049,521. The company has a 50 day moving average of $11.75 and a two-hundred day moving average of $13.13. The stock has a market capitalization of $1.72 billion, a PE ratio of -17.35 and a beta of 1.03. NextNav Inc. has a 12 month low of $6.47 and a 12 month high of $18.54. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81.

NextNav (NASDAQ:NN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The company had revenue of $1.91 million for the quarter, compared to the consensus estimate of $1.73 million. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. As a group, equities analysts expect that NextNav Inc. will post -0.74 earnings per share for the current year.

Insider Transactions at NextNav

In related news, CAO Sammaad Shams sold 4,005 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.21, for a total transaction of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares in the company, valued at $909,131. This represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christian D. Gates sold 5,730 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $9,634,995.44. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,705 shares of company stock worth $816,495. 7.70% of the stock is currently owned by corporate insiders.

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.