UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.67 Million Position in NextNav Inc. (NASDAQ:NN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 57.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,302 shares of the company's stock after purchasing an additional 39,222 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of NextNav worth $1,670,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Fleming James B JR bought a new stake in shares of NextNav in the fourth quarter worth $80,618,000. Susquehanna Advisors Group Inc. bought a new stake in NextNav during the 4th quarter worth about $67,648,000. Vanguard Group Inc. lifted its position in 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. boosted its stake in shares of NextNav by 2,461.2% during the 4th quarter. Invesco Ltd. now owns 712,385 shares of the company's stock worth $11,085,000 after buying an additional 684,571 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of NextNav by 466.5% in the 4th 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. Institutional investors own 79.16% of the company's stock.

NextNav Stock Down 1.2%

Shares of NASDAQ:NN traded down $0.15 during midday trading on Thursday, reaching $12.52. The company had a trading volume of 1,064,371 shares, compared to its average volume of 1,092,791. NextNav Inc. has a 1-year low of $6.47 and a 1-year high of $18.54. The stock has a market cap of $1.66 billion, a PE ratio of -16.69 and a beta of 1.00. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The business's 50 day moving average price is $12.41 and its 200 day moving average price is $13.08.

NextNav (NASDAQ:NN - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The company had revenue of $1.54 million for the quarter, compared to analyst estimates of $1.87 million. Research analysts forecast that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other NextNav news, CFO Christian D. Gates sold 5,730 shares of the stock in a transaction dated 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. This represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sammaad Shams sold 4,005 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.21, for a total transaction of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares of the company's stock, valued at $909,131. This trade represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,705 shares of company stock worth $816,495. Insiders own 7.70% of the company's stock.

About NextNav

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.