Geode Capital Management LLC Increases Holdings in NextNav Inc. (NASDAQ:NN)

Geode Capital Management LLC grew its position in NextNav Inc. (NASDAQ:NN - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,731,051 shares of the company's stock after purchasing an additional 39,543 shares during the quarter. Geode Capital Management LLC owned about 1.33% of NextNav worth $26,941,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fleming James B JR acquired a new position in shares of NextNav during the 4th quarter worth approximately $80,618,000. Vanguard Group Inc. grew its position in NextNav by 23.3% during the fourth 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. Commonwealth Equity Services LLC increased its stake in NextNav by 1,580.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 216,625 shares of the company's stock worth $3,371,000 after acquiring an additional 203,734 shares during the period. 272 Capital LP bought a new position in NextNav during the 3rd quarter worth $756,000. Finally, Barclays PLC raised its holdings in NextNav by 29.2% in the 3rd quarter. Barclays PLC now owns 291,964 shares of the company's stock valued at $2,187,000 after acquiring an additional 66,039 shares in the last quarter. Institutional investors own 79.16% of the company's stock.

NextNav Price Performance

Shares of NextNav stock traded up $0.53 on Wednesday, reaching $11.49. 182,343 shares of the stock were exchanged, compared to its average volume of 1,371,903. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. The firm has a market cap of $1.52 billion, a PE ratio of -15.32 and a beta of 1.03. The firm's 50 day moving average is $11.66 and its 200-day moving average is $12.82. NextNav Inc. has a one year low of $6.47 and a one year high of $18.54.

NextNav (NASDAQ:NN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The business had revenue of $1.91 million during the quarter, compared to the consensus estimate of $1.73 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. As a group, analysts anticipate that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Sammaad Shams sold 4,005 shares of NextNav stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.21, for a total value of $44,896.05. Following the completion of the transaction, the chief accounting officer now directly owns 81,100 shares of the company's stock, valued at approximately $909,131. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Christian D. Gates sold 5,730 shares of NextNav stock in a transaction 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 completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold 72,705 shares of company stock valued at $816,495 in the last ninety days. 15.70% of the stock is currently owned by insiders.

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.