Susquehanna Advisors Group Inc. Acquires Shares of 4,347,541 NextNav Inc. (NASDAQ:NN)

Susquehanna Advisors Group Inc. bought a new stake in NextNav Inc. (NASDAQ:NN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,347,541 shares of the company's stock, valued at approximately $67,648,000. NextNav makes up about 2.0% of Susquehanna Advisors Group Inc.'s portfolio, making the stock its 7th largest holding. Susquehanna Advisors Group Inc. owned approximately 3.33% of NextNav as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fleming James B JR acquired a new stake in shares of NextNav during the fourth quarter worth $80,618,000. Vanguard Group Inc. lifted its stake in shares of 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 during the period. State Street Corp lifted its stake in shares of NextNav by 1.1% during the third quarter. State Street Corp now owns 2,010,131 shares of the company's stock worth $15,056,000 after buying an additional 22,152 shares during the period. Geode Capital Management LLC lifted its stake in shares of NextNav by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,731,051 shares of the company's stock worth $26,941,000 after buying an additional 39,543 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of NextNav by 2,461.2% during the fourth 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 period. 79.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextNav news, CAO Sammaad Shams sold 4,005 shares of NextNav stock in a transaction 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 of the company's stock, valued at approximately $909,131. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transaction, the chief financial officer now directly owns 857,206 shares of the company's stock, valued at $9,634,995.44. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,705 shares of company stock valued at $816,495 over the last 90 days. Insiders own 7.70% of the company's stock.

NextNav Stock Performance

Shares of NASDAQ:NN traded down $0.08 on Friday, hitting $11.75. 1,133,050 shares of the company were exchanged, compared to its average volume of 1,046,796. NextNav Inc. has a 1-year low of $6.47 and a 1-year high of $18.54. The stock's 50 day moving average price is $11.60 and its 200 day moving average price is $12.94. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.55 billion, a P/E ratio of -15.67 and a beta of 1.03.

NextNav (NASDAQ:NN - Get Free Report) last issued its 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). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The business had revenue of $1.91 million for the quarter, compared to analysts' expectations of $1.73 million. Sell-side analysts predict that NextNav Inc. will post -0.74 EPS for the current 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.