NextNav Inc. (NASDAQ:NN) Holdings Lifted by Arizona State Retirement System

Arizona State Retirement System increased its holdings in NextNav Inc. (NASDAQ:NN) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,645 shares of the company’s stock after acquiring an additional 2,306 shares during the period. Arizona State Retirement System’s holdings in NextNav were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. US Bancorp DE purchased a new stake in shares of NextNav during the 4th quarter worth about $28,000. Golden State Wealth Management LLC bought a new position in NextNav during the fourth quarter valued at approximately $78,000. Wharton Business Group LLC acquired a new stake in NextNav in the fourth quarter valued at approximately $156,000. Mission Wealth Management LP bought a new stake in NextNav in the fourth quarter worth approximately $156,000. Finally, Whitaker Myers Wealth Managers LTD. acquired a new position in shares of NextNav during the 4th quarter worth $157,000. 79.16% of the stock is currently owned by institutional investors and hedge funds.

NextNav Stock Down 1.4 %

NN stock opened at $11.04 on Friday. The firm has a market cap of $1.44 billion, a PE ratio of -14.72 and a beta of 1.17. NextNav Inc. has a 1 year low of $3.95 and a 1 year high of $18.54. The company has a fifty day simple moving average of $11.90 and a 200 day simple moving average of $11.92. 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 (NASDAQ:NN) last issued its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). The company had revenue of $1.91 million during 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%. Sell-side analysts anticipate that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Insider Transactions at NextNav

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