UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 39,222 Shares of NextNav Inc. (NASDAQ:NN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 57.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,302 shares of the company's stock after purchasing an additional 39,222 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of NextNav worth $1,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NN. US Bancorp DE bought a new position in NextNav during the fourth quarter valued at $28,000. Russell Investments Group Ltd. boosted its stake in shares of NextNav by 112.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock worth $30,000 after purchasing an additional 1,018 shares during the period. Golden State Wealth Management LLC bought a new position in NextNav during the 4th quarter valued at about $78,000. Wharton Business Group LLC bought a new position in NextNav during the 4th quarter valued at about $156,000. Finally, Mission Wealth Management LP purchased a new stake in NextNav in the 4th quarter worth about $156,000. Institutional investors own 79.16% of the company's stock.

NextNav Trading Down 0.5%

Shares of NASDAQ:NN traded down $0.06 on Tuesday, hitting $12.27. 99,873 shares of the company's stock were exchanged, compared to its average volume of 1,085,456. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -16.35 and a beta of 1.00. NextNav Inc. has a 12 month low of $6.47 and a 12 month high of $18.54. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. The business's 50 day simple moving average is $12.40 and its two-hundred day simple moving average is $13.09.

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). The company had revenue of $1.54 million for the quarter, compared to the consensus estimate of $1.87 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. Analysts anticipate that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Insider Activity

In other news, CFO Christian D. Gates sold 5,730 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.24, for a total transaction of $64,405.20. Following the transaction, the chief financial officer now directly owns 857,206 shares in the company, valued at approximately $9,634,995.44. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sammaad Shams sold 4,005 shares of NextNav stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.21, for a total transaction of $44,896.05. Following the transaction, the chief accounting officer now directly owns 81,100 shares in the company, valued at approximately $909,131. The trade was a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,705 shares of company stock valued at $816,495. Corporate 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.