Caxton Associates LP Makes New $850,000 Investment in NextNav Inc. (NASDAQ:NN)

Caxton Associates LP purchased a new position in NextNav Inc. (NASDAQ:NN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 54,653 shares of the company's stock, valued at approximately $850,000.

Several other large investors also recently bought and sold shares of NN. BNP Paribas Financial Markets bought a new position in NextNav during the fourth quarter valued at $164,000. Ameriprise Financial Inc. increased its position in NextNav by 67.7% during the fourth quarter. Ameriprise Financial Inc. now owns 19,548 shares of the company's stock valued at $304,000 after acquiring an additional 7,888 shares during the last quarter. Ancora Advisors LLC increased its position in NextNav by 14.9% during the fourth quarter. Ancora Advisors LLC now owns 2,016,250 shares of the company's stock valued at $31,373,000 after acquiring an additional 261,000 shares during the last quarter. Voleon Capital Management LP bought a new position in NextNav during the fourth quarter valued at $325,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in NextNav during the fourth quarter valued at $296,000. Institutional investors own 79.16% of the company's stock.

Insider Buying and Selling

In other NextNav news, CAO Sammaad Shams sold 4,005 shares of the company's 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 completion of the sale, the chief accounting officer now directly owns 81,100 shares in the company, valued at approximately $909,131. This represents a 4.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mariam Sorond sold 62,868 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.23, for a total value of $706,007.64. Following the completion of the sale, the chief executive officer now owns 1,550,358 shares of the company's stock, valued at $17,410,520.34. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,705 shares of company stock valued at $816,495 in the last 90 days. Company insiders own 7.70% of the company's stock.

NextNav Trading Down 3.1%

NN stock traded down $0.41 during mid-day trading on Monday, reaching $12.71. 442,082 shares of the stock traded hands, compared to its average volume of 1,054,033. 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 one year low of $6.47 and a one year high of $18.54. The stock has a market capitalization of $1.68 billion, a PE ratio of -16.87 and a beta of 1.03. The business has a 50-day moving average price of $12.03 and a two-hundred day moving average price of $13.23.

NextNav (NASDAQ:NN - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. The firm had revenue of $1.54 million for the quarter, compared to the consensus estimate of $1.87 million. Equities research analysts expect that NextNav Inc. will post -0.74 EPS for the current year.

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.