Barclays PLC Sells 158,674 Shares of NextNav Inc. (NASDAQ:NN)

Barclays PLC lowered its holdings in NextNav Inc. (NASDAQ:NN - Free Report) by 54.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 133,290 shares of the company's stock after selling 158,674 shares during the quarter. Barclays PLC owned about 0.10% of NextNav worth $2,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fleming James B JR purchased a new stake in NextNav in the 4th quarter valued at $80,618,000. Vanguard Group Inc. raised its holdings in shares of NextNav by 23.3% in the fourth quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company's stock valued at $62,505,000 after purchasing an additional 759,775 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of NextNav by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,731,051 shares of the company's stock valued at $26,941,000 after purchasing an additional 39,543 shares in the last quarter. Invesco Ltd. boosted its holdings in NextNav by 2,461.2% during the fourth quarter. Invesco Ltd. now owns 712,385 shares of the company's stock worth $11,085,000 after purchasing an additional 684,571 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in NextNav by 5.4% in the 4th 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 in the last quarter. Institutional investors own 79.16% of the company's stock.

NextNav Stock Performance

Shares of NextNav stock traded down $0.19 during mid-day trading on Monday, hitting $13.01. 795,813 shares of the stock were exchanged, compared to its average volume of 1,049,521. NextNav Inc. has a 12 month low of $6.47 and a 12 month high of $18.54. The company has a 50-day simple moving average of $11.70 and a 200 day simple moving average of $13.10. The company has a market capitalization of $1.72 billion, a P/E ratio of -17.35 and a beta of 1.03. 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 (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 analysts' consensus estimates of ($0.15) by ($0.10). The business had revenue of $1.91 million during the quarter, compared to the consensus estimate of $1.73 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. Sell-side analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Mariam Sorond sold 62,868 shares of the firm'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 value of $706,007.64. Following the completion of the transaction, the chief executive officer now directly owns 1,550,358 shares of the company's stock, valued at approximately $17,410,520.34. This trade represents a 3.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sammaad Shams sold 4,005 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.21, for a total value of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares in the company, valued at approximately $909,131. This represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,705 shares of company stock worth $816,495. Insiders own 7.70% of the company's stock.

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.