Bank of America Corp DE lowered its position in NextNav Inc. (NASDAQ:NN - Free Report) by 79.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,001 shares of the company's stock after selling 364,787 shares during the period. Bank of America Corp DE owned about 0.07% of NextNav worth $1,432,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Fleming James B JR bought a new position in NextNav during the fourth quarter worth about $80,618,000. Susquehanna Advisors Group Inc. bought a new position in NextNav during the fourth quarter worth about $67,648,000. Vanguard Group Inc. boosted its position in NextNav by 23.3% during the fourth quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company's stock worth $62,505,000 after purchasing an additional 759,775 shares during the period. Invesco Ltd. boosted its position 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 period. Finally, Ancora Advisors LLC boosted 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 worth $31,373,000 after purchasing an additional 261,000 shares during the period. Institutional investors own 79.16% of the company's stock.
NextNav Price Performance
Shares of NASDAQ:NN opened at $11.62 on Friday. The company has a 50-day moving average price of $12.42 and a two-hundred day moving average price of $13.17. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. NextNav Inc. has a twelve month low of $6.47 and a twelve month high of $18.54. The firm has a market capitalization of $1.54 billion, a PE ratio of -15.49 and a beta of 1.00.
NextNav (NASDAQ:NN - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported ($0.15) EPS 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 during the quarter, compared to the consensus estimate of $1.87 million. Equities analysts forecast that NextNav Inc. will post -0.74 EPS for the current year.
Insider Activity at NextNav
In related news, 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 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. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mariam Sorond sold 62,868 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.23, for a total transaction of $706,007.64. Following the transaction, the chief executive officer now directly owns 1,550,358 shares in the company, valued at approximately $17,410,520.34. The trade was 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 over the last three months. 7.70% of the stock is owned by corporate insiders.
About NextNav
(
Free Report)
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.
Further Reading
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