Rockefeller Capital Management L.P. Grows Stake in NextNav Inc. (NASDAQ:NN)

Rockefeller Capital Management L.P. raised its holdings in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 100.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,579 shares of the company's stock after purchasing an additional 43,935 shares during the period. Rockefeller Capital Management L.P. owned 0.07% of NextNav worth $1,363,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in NextNav by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 32,588 shares of the company's stock worth $244,000 after buying an additional 616 shares during the last quarter. Russell Investments Group Ltd. grew its position in NextNav by 112.5% in 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. US Bancorp DE purchased a new stake in NextNav during the 4th quarter valued at $28,000. Alliancebernstein L.P. lifted its holdings in shares of NextNav by 2.3% during the 4th quarter. Alliancebernstein L.P. now owns 87,760 shares of the company's stock valued at $1,366,000 after buying an additional 2,010 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of NextNav by 18.7% in the 4th quarter. Arizona State Retirement System now owns 14,645 shares of the company's stock worth $228,000 after buying an additional 2,306 shares during the last quarter. 79.16% of the stock is currently owned by hedge funds and other institutional investors.

NextNav Stock Performance

NextNav stock traded down $0.08 during mid-day trading on Friday, reaching $11.75. 1,133,050 shares of the stock traded hands, compared to its average volume of 1,048,246. NextNav Inc. has a 12-month low of $6.47 and a 12-month high of $18.54. The business's 50-day moving average is $11.60 and its 200-day moving average is $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 stock has a market capitalization of $1.55 billion, a PE ratio of -15.67 and a beta of 1.03.

NextNav (NASDAQ:NN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) earnings per share 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 return on equity of 128.95% and a negative net margin of 1,732.92%. As a group, sell-side analysts predict that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Insider Transactions at NextNav

In related news, CEO Mariam Sorond sold 62,868 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was 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 in the company, valued at approximately $17,410,520.34. The trade was a 3.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 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. Insiders have sold 72,705 shares of company stock worth $816,495 in the last 90 days. 7.70% 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.