Epoch Investment Partners Inc. Sells 32,454 Shares of NextNav Inc. (NASDAQ:NN)

Epoch Investment Partners Inc. cut its stake in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,097 shares of the company's stock after selling 32,454 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.11% of NextNav worth $2,180,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NN. US Bancorp DE acquired a new position in NextNav in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. raised its holdings in shares of NextNav by 112.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock valued at $30,000 after purchasing an additional 1,018 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of NextNav in the 4th quarter valued at about $78,000. FMR LLC raised its stake in NextNav by 354.3% during the 3rd quarter. FMR LLC now owns 16,418 shares of the company's stock worth $123,000 after buying an additional 12,804 shares during the period. Finally, Wharton Business Group LLC bought a new position in NextNav in the fourth quarter worth approximately $156,000. Institutional investors own 79.16% of the company's stock.

Insider Buying and Selling at NextNav

In other news, CEO Mariam Sorond sold 62,868 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.23, for a total transaction of $706,007.64. Following the completion of the transaction, the chief executive officer now directly owns 1,550,358 shares of the company's stock, valued at $17,410,520.34. This represents a 3.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sammaad Shams sold 4,005 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were 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 owns 81,100 shares in the company, valued at approximately $909,131. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,705 shares of company stock worth $816,495. Corporate insiders own 7.70% of the company's stock.

NextNav Stock Down 0.7 %

Shares of NASDAQ:NN traded down $0.08 during trading on Friday, reaching $11.75. 1,133,050 shares of the stock were exchanged, compared to its average volume of 1,048,246. NextNav Inc. has a 1-year low of $6.47 and a 1-year high of $18.54. The stock has a fifty day moving average of $11.60 and a two-hundred day moving average of $12.87. 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 firm has a market cap of $1.55 billion, a price-to-earnings ratio of -15.67 and a beta of 1.03.

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

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.