Harbor Capital Advisors Inc. Makes New $73,000 Investment in NextNav Inc. (NASDAQ:NN)

Harbor Capital Advisors Inc. bought a new position in NextNav Inc. (NASDAQ:NN) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,990 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NN. US Bancorp DE purchased a new stake in NextNav in the fourth quarter worth $28,000. Russell Investments Group Ltd. boosted its holdings in shares of NextNav by 112.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company’s stock valued at $30,000 after buying an additional 1,018 shares in the last quarter. Harbor Investment Advisory LLC grew its position in shares of NextNav by 331.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock worth $26,000 after buying an additional 1,655 shares during the period. Mission Wealth Management LP bought a new position in shares of NextNav in the 4th quarter worth about $156,000. Finally, Wharton Business Group LLC bought a new position in shares of NextNav in the 4th quarter worth about $156,000. Hedge funds and other institutional investors own 79.16% of the company’s stock.

NextNav Trading Up 2.8%

NASDAQ:NN opened at $12.87 on Monday. The firm has a market capitalization of $1.70 billion, a P/E ratio of -17.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. NextNav Inc. has a one year low of $6.47 and a one year high of $18.54. The company’s 50-day simple moving average is $12.45 and its 200 day simple moving average is $12.98.

NextNav (NASDAQ:NN) last issued its quarterly earnings results on Friday, May 9th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The company had revenue of $1.54 million during the quarter, compared to the consensus estimate of $1.87 million. As a group, analysts forecast that NextNav Inc. will post -0.74 EPS 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.