Vanguard Group Inc. Has $62.51 Million Position in NextNav Inc. (NASDAQ:NN)

Vanguard Group Inc. boosted its holdings in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,017,060 shares of the company's stock after buying an additional 759,775 shares during the period. Vanguard Group Inc. owned about 3.08% of NextNav worth $62,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of NextNav by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,588 shares of the company's stock valued at $244,000 after acquiring an additional 616 shares in the last quarter. US Bancorp DE bought a new position in NextNav during the fourth quarter worth about $28,000. Arizona State Retirement System boosted its holdings in NextNav by 18.7% during the fourth quarter. Arizona State Retirement System now owns 14,645 shares of the company's stock valued at $228,000 after purchasing an additional 2,306 shares in the last quarter. Rhumbline Advisers grew its stake in shares of NextNav by 3.2% in the 4th quarter. Rhumbline Advisers now owns 99,516 shares of the company's stock valued at $1,548,000 after purchasing an additional 3,075 shares during the period. Finally, Ingalls & Snyder LLC raised its holdings in shares of NextNav by 1.5% in the 4th quarter. Ingalls & Snyder LLC now owns 301,400 shares of the company's stock worth $4,690,000 after buying an additional 4,500 shares in the last quarter. Institutional investors own 79.16% of the company's stock.

NextNav Price Performance

NASDAQ:NN traded down $0.21 during trading hours on Thursday, reaching $11.73. The company had a trading volume of 143,199 shares, compared to its average volume of 1,397,834. The stock has a 50-day moving average of $11.70 and a two-hundred day moving average of $12.68. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. NextNav Inc. has a one year low of $6.47 and a one year high of $18.54. The firm has a market capitalization of $1.54 billion, a PE ratio of -15.68 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). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The firm had revenue of $1.91 million for the quarter, compared to the consensus estimate of $1.73 million. Analysts forecast that NextNav Inc. will post -0.74 earnings per share for the current year.

Insider Buying and Selling at NextNav

In other NextNav news, CEO Mariam Sorond sold 62,868 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.23, for a total value of $706,007.64. Following the transaction, the chief executive officer now directly owns 1,550,358 shares in the company, valued at approximately $17,410,520.34. This trade represents a 3.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sammaad Shams sold 4,005 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.21, for a total value of $44,896.05. Following the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,705 shares of company stock worth $816,495. 15.70% of the stock is currently owned by insiders.

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.