MetLife Investment Management LLC Purchases Shares of 43,853 NextNav Inc. (NASDAQ:NN)

MetLife Investment Management LLC bought a new position in shares of NextNav Inc. (NASDAQ:NN – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 43,853 shares of the company’s stock, valued at approximately $118,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NN. First Republic Investment Management Inc. grew its stake in NextNav by 139.3% during the 3rd quarter. First Republic Investment Management Inc. now owns 78,156 shares of the company’s stock worth $210,000 after buying an additional 45,490 shares during the last quarter. Barclays PLC grew its stake in shares of NextNav by 73.6% in the 3rd quarter. Barclays PLC now owns 177,839 shares of the company’s stock valued at $479,000 after purchasing an additional 75,391 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of NextNav by 365.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,283 shares of the company’s stock valued at $41,000 after purchasing an additional 12,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of NextNav in the 3rd quarter valued at approximately $32,000. Finally, Verition Fund Management LLC purchased a new position in shares of NextNav in the 2nd quarter valued at approximately $25,000. Institutional investors and hedge funds own 60.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, R. F. Lafferty lowered their target price on NextNav from $15.00 to $9.00 in a research note on Monday, November 14th.

Insider Activity

In other news, SVP David L. Knutson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $3.04, for a total value of $30,400.00. Following the completion of the sale, the senior vice president now directly owns 582,456 shares of the company’s stock, valued at approximately $1,770,666.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 19,062 shares of company stock valued at $55,321 in the last three months. 15.70% of the stock is currently owned by company insiders.

NextNav Price Performance

NN opened at $2.67 on Monday. The business has a 50 day simple moving average of $2.92 and a 200-day simple moving average of $3.03. The stock has a market capitalization of $284.03 million, a P/E ratio of -1.75 and a beta of 1.88. NextNav Inc. has a 12 month low of $1.85 and a 12 month high of $8.47.

NextNav Company Profile

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NextNav Inc provides next generation global positioning system (GPS) and 3D geolocation services. The company delivers next generation positioning, navigation, and timing solutions through its network-based Pinnacle and TerraPoiNT solutions. Its Pinnacle 3D geolocation service is commercially available in approximately 4,400 cities and towns in the United States; and its TerraPoiNT terrestrial-based encrypted network has deployments in 51 total markets nationally.