Cambridge Investment Research Advisors Inc. Raises Stock Holdings in NextNav Inc. (NASDAQ:NN)

Cambridge Investment Research Advisors Inc. raised its position in NextNav Inc. (NASDAQ:NN - Free Report) by 94.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,971 shares of the company's stock after acquiring an additional 34,481 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.05% of NextNav worth $864,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in NextNav by 1,580.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 216,625 shares of the company's stock worth $3,371,000 after purchasing an additional 203,734 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NextNav by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 576,254 shares of the company's stock valued at $8,967,000 after buying an additional 29,448 shares during the last quarter. SG Americas Securities LLC lifted its stake in NextNav by 52.2% in the first quarter. SG Americas Securities LLC now owns 54,218 shares of the company's stock valued at $660,000 after buying an additional 18,606 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in NextNav in the first quarter valued at approximately $73,000. Finally, Geode Capital Management LLC lifted its stake in NextNav by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,731,051 shares of the company's stock valued at $26,941,000 after buying an additional 39,543 shares during the last quarter. Hedge funds and other institutional investors own 79.16% of the company's stock.

NextNav Stock Performance

Shares of NextNav stock traded up $0.22 during trading hours on Thursday, hitting $16.26. 1,989,320 shares of the company were exchanged, compared to its average volume of 1,150,278. NextNav Inc. has a 1 year low of $6.47 and a 1 year high of $18.54. The company has a current ratio of 16.75, a quick ratio of 16.75 and a debt-to-equity ratio of 32.42. The business has a 50-day moving average of $13.64 and a 200-day moving average of $12.81. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -15.94 and a beta of 1.05.

NextNav (NASDAQ:NN - Get Free Report) last announced 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 return on equity of 193.20% and a negative net margin of 2,091.01%. The business had revenue of $1.54 million for the quarter, compared to analyst estimates of $1.87 million. As a group, analysts expect that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other NextNav news, CEO Mariam Sorond sold 69,853 shares of the company's stock in a transaction on 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 owned 1,480,505 shares of the company's stock, valued at approximately $21,289,661.90. This 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 accessible through the SEC website. Company 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.