1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in shares of NextNav Inc. (NASDAQ:NN – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,900 shares of the company’s stock, valued at approximately $232,000.
Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in NextNav by 1.
9% during the third 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 shares of NextNav during the 4th quarter valued at about $28,000. Arizona State Retirement System grew its position in shares of 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 increased its holdings in shares of NextNav by 3.2% in the fourth quarter.
Rhumbline Advisers now owns 99,516 shares of the company’s stock worth $1,548,000 after purchasing an additional 3,075 shares during the last quarter. Finally, Ingalls & Snyder LLC increased its holdings in shares of NextNav by 1.5% in the fourth quarter.
Ingalls & Snyder LLC now owns 301,400 shares of the company’s stock worth $4,690,000 after purchasing an additional 4,500 shares during the last quarter. 79.16% of the stock is currently owned by hedge funds and other institutional investors.
NextNav Price PerformanceShares of NextNav stock opened at $12.29 on Tuesday. The firm has a market cap of $1.
62 billion, a PE ratio of -16.39 and a beta of 1.03.
The stock has a 50 day moving average of $11.73 and a 200 day moving average of $12.51.
The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.
81. NextNav Inc. has a 12 month low of $6.
47 and a 12 month high of $18.54. NextNav (NASDAQ:NN – Get Free Report) last posted its earnings results on Wednesday, March 12th.
The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.
10). NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.
95%. The firm had revenue of $1.91 million for the quarter, compared to the consensus estimate of $1.
73 million. On average, research analysts expect that NextNav Inc. will post -0.
74 EPS for the current fiscal year. Insider Buying and Selling at NextNavIn other NextNav news, CFO Christian D. Gates sold 5,730 shares of the company’s stock in a transaction that occurred on Monday, March 17th.
The stock was sold at an average price of $11.24, for a total transaction of $64,405.20.
Following the sale, the chief financial officer now directly owns 857,206 shares in the company, valued at $9,634,995.44. This represents a 0.
66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $11.21, for a total value of $44,896.05.
Following the completion of the sale, the chief accounting officer now directly owns 81,100 shares of the company’s stock, valued at $909,131. The trade was a 4.71 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders sold 72,705 shares of company stock worth $816,495 over the last 90 days. 15.
70% of the stock is owned by insiders. About NextNav (Free Report)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.
Read MoreFive stocks we like better than NextNavHow to Calculate Inflation RateOptions Activity Points to More Volatility for Palantir StockBest Stocks Under $10.00 NVIDIA Stock: Oversold, Undervalued — How Low Can It Go?How to Choose Top Rated StocksMicroStrategy Sees Insider Buy-Sell Action in Q1Want to see what other hedge funds are holding NN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextNav Inc.
(NASDAQ:NN – Free Report)..
