Steward Partners Investment Advisory LLC Boosts Stock Holdings in NextNav Inc. (NASDAQ:NN)

Steward Partners Investment Advisory LLC raised its holdings in shares of NextNav Inc. (NASDAQ:NN) by 71.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,434 shares of the company’s stock after buying an additional 6,037 shares during the period. Steward Partners Investment Advisory LLC’s holdings in NextNav were worth $225,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position 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 buying an additional 616 shares during the period. US Bancorp DE bought a new position in shares of NextNav during the fourth quarter valued at about $28,000. Rhumbline Advisers raised its stake in shares of NextNav by 3.2% during the fourth quarter. Rhumbline Advisers now owns 99,516 shares of the company’s stock valued at $1,548,000 after acquiring an additional 3,075 shares during the last quarter. Ingalls & Snyder LLC raised its stake in shares of NextNav by 1.5% during the fourth quarter. Ingalls & Snyder LLC now owns 301,400 shares of the company’s stock valued at $4,690,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of NextNav during the fourth quarter valued at about $78,000. 79.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Arun Raghupathy sold 3,332 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $18.32, for a total value of $61,042.24. Following the completion of the transaction, the senior vice president now directly owns 1,087,019 shares of the company’s stock, valued at $19,914,188.08. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Christian D. Gates sold 3,918 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.65, for a total transaction of $69,152.70. Following the completion of the transaction, the chief financial officer now directly owns 815,722 shares of the company’s stock, valued at approximately $14,397,493.30. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,908 shares of company stock valued at $141,851. Insiders own 11.30% of the company’s stock.

NextNav Stock Performance

Shares of NASDAQ:NN opened at $11.04 on Friday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -14.72 and a beta of 1.17. The company has a 50-day moving average price of $11.90 and a 200-day moving average price of $11.89. 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 $3.95 and a 12 month high of $18.54.

NextNav (NASDAQ:NN) last issued its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The firm had revenue of $1.91 million for the quarter, compared to the consensus estimate of $1.73 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. As a group, equities analysts anticipate that NextNav Inc. will post -0.74 EPS for the current year.

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.