Tudor Investment Corp ET AL Cuts Position in NextNav Inc. $NN

Key Points

• Tudor Investment Corp. cut its stake in NextNav by 59.8%, selling 94,175 shares in Q3 and leaving 63,379 shares valued at about $906,000 per its latest 13F filing.
• Institutional ownership is high at 79.16%, and some firms boosted positions (e.g., Goldman Sachs increased its stake 34.5% to 468,748 shares), indicating mixed institutional flows despite Tudor's reduction.
• NextNav reported EPS of ($0.13) last quarter with $0.95M revenue, analysts forecast a -$0.74 full‑year EPS, and the stock has an average analyst rating of "Reduce", signaling negative sentiment.

Tudor Investment Corp ET AL lessened its position in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 59.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,379 shares of the company's stock after selling 94,175 shares during the quarter. Tudor Investment Corp ET AL's holdings in NextNav were worth $906,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NextNav by 8.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,539 shares of the company's stock valued at $579,000 after buying an additional 3,543 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in NextNav by 34.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 468,748 shares of the company's stock valued at $5,705,000 after buying an additional 120,123 shares in the last quarter. Creative Planning grew its holdings in NextNav by 81.5% during the 2nd quarter. Creative Planning now owns 29,184 shares of the company's stock valued at $444,000 after buying an additional 13,109 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in NextNav by 33.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 61,772 shares of the company's stock valued at $939,000 after buying an additional 15,565 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in NextNav by 23.3% during the 2nd quarter. Legal & General Group Plc now owns 68,946 shares of the company's stock valued at $1,048,000 after buying an additional 13,027 shares in the last quarter. Hedge funds and other institutional investors own 79.16% of the company's stock.

NextNav Price Performance

NASDAQ:NN opened at $16.12 on Wednesday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -10.47 and a beta of 0.98. NextNav Inc. has a 1 year low of $10.84 and a 1 year high of $19.91. The business has a 50 day simple moving average of $16.53 and a 200-day simple moving average of $15.23.

NextNav (NASDAQ:NN - Get Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.13). The company had revenue of $0.95 million during the quarter, compared to the consensus estimate of $0.86 million. As a group, analysts expect that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NN has been the subject of several research analyst reports. Wall Street Zen cut NextNav from a "hold" rating to a "strong sell" rating in a report on Saturday, March 21st. Weiss Ratings restated a "sell (d-)" rating on shares of NextNav in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, NextNav has an average rating of "Reduce".

Insider Buying and Selling

In other news, CEO Mariam Sorond sold 11,322 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $16.85, for a total value of $190,775.70. Following the completion of the sale, the chief executive officer directly owned 1,259,624 shares of the company's stock, valued at $21,224,664.40. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sammaad Shams sold 3,945 shares of the firm's stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $19.54, for a total value of $77,085.30. Following the sale, the chief accounting officer directly owned 72,950 shares of the company's stock, valued at $1,425,443. This represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 101,133 shares of company stock valued at $1,733,594 over the last quarter. Company insiders own 7.70% of the company's stock.

NextNav Profile

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.

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