NextNav Inc. (NASDAQ:NN) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in NextNav Inc. (NASDAQ:NN - Free Report) by 52.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,218 shares of the company's stock after purchasing an additional 18,606 shares during the period. SG Americas Securities LLC's holdings in NextNav were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NN. Fleming James B JR purchased a new position in NextNav during the 4th quarter worth $80,618,000. Susquehanna Advisors Group Inc. bought a new position in shares of NextNav during the 4th quarter worth $67,648,000. Vanguard Group Inc. grew its position in shares of NextNav by 23.3% during the 4th quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company's stock worth $62,505,000 after buying an additional 759,775 shares in the last quarter. Invesco Ltd. increased its stake in shares of NextNav by 2,461.2% during the fourth quarter. Invesco Ltd. now owns 712,385 shares of the company's stock valued at $11,085,000 after buying an additional 684,571 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in shares of NextNav by 466.5% in the fourth quarter. Voloridge Investment Management LLC now owns 657,996 shares of the company's stock valued at $10,238,000 after acquiring an additional 541,842 shares in the last quarter. Hedge funds and other institutional investors own 79.16% of the company's stock.

NextNav Stock Up 0.1%

NASDAQ:NN traded up $0.01 during mid-day trading on Wednesday, reaching $14.94. The company's stock had a trading volume of 1,224,946 shares, compared to its average volume of 1,120,394. The company has a quick ratio of 16.75, a current ratio of 16.75 and a debt-to-equity ratio of 32.42. NextNav Inc. has a 1 year low of $6.47 and a 1 year high of $18.54. The stock has a fifty day moving average of $12.86 and a 200-day moving average of $12.90. The firm has a market capitalization of $1.98 billion, a PE ratio of -14.65 and a beta of 1.00.

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

Insider Buying and Selling

In other NextNav news, CEO Mariam Sorond sold 69,853 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $14.38, for a total transaction of $1,004,486.14. Following the completion of the sale, the chief executive officer now directly owns 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 filing with the SEC, which can be accessed through this hyperlink. 7.70% of the stock is currently owned by insiders.

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.