15,019 Shares in NextNav Inc. (NASDAQ:NN) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in NextNav Inc. (NASDAQ:NN) in the 4th quarter, Holdings Channel reports. The fund bought 15,019 shares of the company’s stock, valued at approximately $67,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NN. Citigroup Inc. purchased a new stake in NextNav in the 1st quarter worth approximately $26,000. BlackRock Inc. grew its holdings in NextNav by 173.3% during the 1st quarter. BlackRock Inc. now owns 3,329 shares of the company’s stock valued at $25,000 after buying an additional 2,111 shares in the last quarter. Vanguard Group Inc. grew its holdings in NextNav by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 969,521 shares of the company’s stock valued at $7,262,000 after buying an additional 27,731 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NextNav by 10.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 99,277 shares of the company’s stock valued at $744,000 after buying an additional 9,503 shares in the last quarter. Finally, UBS Group AG grew its holdings in NextNav by 189.9% during the 1st quarter. UBS Group AG now owns 4,691 shares of the company’s stock valued at $35,000 after buying an additional 3,073 shares in the last quarter. 79.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Neil S. Subin bought 50,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average cost of $4.72 per share, for a total transaction of $236,000.00. Following the transaction, the director now owns 2,115,213 shares of the company’s stock, valued at $9,983,805.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Neil S. Subin bought 50,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average cost of $4.72 per share, for a total transaction of $236,000.00. Following the transaction, the director now owns 2,115,213 shares of the company’s stock, valued at $9,983,805.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Joseph D. Samberg bought 483,000 shares of the stock in a transaction dated Monday, March 18th. The shares were purchased at an average price of $4.52 per share, with a total value of $2,183,160.00. Following the completion of the transaction, the insider now directly owns 9,800,000 shares in the company, valued at approximately $44,296,000. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 733,000 shares of company stock worth $3,227,160 and sold 76,002 shares worth $321,398. Corporate insiders own 15.70% of the company’s stock.

NextNav Trading Up 1.0 %

Shares of NN opened at $8.16 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 9.31 and a quick ratio of 9.31. NextNav Inc. has a 1 year low of $1.91 and a 1 year high of $8.57. The company has a 50 day simple moving average of $5.57 and a two-hundred day simple moving average of $4.81. The firm has a market cap of $918.41 million, a P/E ratio of -12.36 and a beta of 1.40.

NextNav (NASDAQ:NN) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). NextNav had a negative net margin of 1,857.46% and a negative return on equity of 81.56%. The company had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $1.19 million. On average, equities analysts expect that NextNav Inc. will post -0.59 earnings per share for the current fiscal 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.