SG Americas Securities LLC Raises Position in NextNav Inc. (NASDAQ:NN)

SG Americas Securities LLC lifted its holdings in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 52.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NN. Fleming James B JR bought a new stake in shares of NextNav during the 4th quarter valued at about $80,618,000. Susquehanna Advisors Group Inc. bought a new stake in shares of NextNav during the 4th quarter valued at about $67,648,000. Vanguard Group Inc. boosted 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 valued at $62,505,000 after purchasing an additional 759,775 shares in the last quarter. Invesco Ltd. boosted its holdings in NextNav by 2,461.2% in the fourth quarter. Invesco Ltd. now owns 712,385 shares of the company's stock worth $11,085,000 after acquiring an additional 684,571 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in NextNav by 466.5% in the fourth quarter. Voloridge Investment Management LLC now owns 657,996 shares of the company's stock worth $10,238,000 after acquiring an additional 541,842 shares in the last quarter. Institutional investors own 79.16% of the company's stock.

NextNav Stock Up 0.7%

NASDAQ:NN traded up $0.10 on Friday, hitting $14.49. The stock had a trading volume of 1,432,939 shares, compared to its average volume of 1,112,620. The business's fifty day moving average is $12.70 and its 200 day moving average is $12.89. The company has a market cap of $1.92 billion, a PE ratio of -14.21 and a beta of 1.00. 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 52 week low of $6.47 and a 52 week high of $18.54.

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