100,000 Shares in NextNav Inc. (NASDAQ:NN) Purchased by Fairway Wealth LLC

Fairway Wealth LLC acquired a new position in shares of NextNav Inc. (NASDAQ:NN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 100,000 shares of the company's stock, valued at approximately $1,217,000. Fairway Wealth LLC owned approximately 0.08% of NextNav as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NN. Harbor Investment Advisory LLC grew its holdings in shares of NextNav by 331.0% in the first quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company's stock valued at $26,000 after acquiring an additional 1,655 shares in the last quarter. US Bancorp DE bought a new position in shares of NextNav in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. grew its holdings in shares of NextNav by 112.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock valued at $30,000 after acquiring an additional 1,018 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of NextNav in the first quarter valued at approximately $73,000. Finally, GAMMA Investing LLC grew its holdings in shares of NextNav by 1,754.6% in the first quarter. GAMMA Investing LLC now owns 10,052 shares of the company's stock valued at $122,000 after acquiring an additional 9,510 shares in the last quarter. 79.16% of the stock is owned by institutional investors.

NextNav Stock Performance

NASDAQ NN traded up $0.22 on Thursday, hitting $16.26. 1,997,772 shares of the stock traded hands, compared to its average volume of 1,150,311. The business's fifty day moving average is $13.64 and its two-hundred day moving average is $12.81. NextNav Inc. has a 12 month low of $6.47 and a 12 month high of $18.54. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -15.94 and a beta of 1.05. The company has a debt-to-equity ratio of 32.42, a quick ratio of 16.75 and a current ratio of 16.75.

NextNav (NASDAQ:NN - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). The business had revenue of $1.54 million during the quarter, compared to analysts' expectations of $1.87 million. NextNav had a negative return on equity of 193.20% and a negative net margin of 2,091.01%. As a group, equities analysts anticipate that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Insider Activity at NextNav

In related news, CEO Mariam Sorond sold 69,853 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $14.38, for a total value of $1,004,486.14. Following the sale, the chief executive officer directly owned 1,480,505 shares of the company's stock, valued at $21,289,661.90. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.70% of the company's stock.

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.