NextNav Inc. (NASDAQ:NN) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of NextNav Inc. (NASDAQ:NN) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,929 shares of the company’s stock after acquiring an additional 6,413 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of NextNav worth $1,289,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its holdings in shares of NextNav by 170.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 27,000 shares of the company’s stock valued at $420,000 after purchasing an additional 17,000 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of NextNav by 1,580.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 216,625 shares of the company’s stock valued at $3,371,000 after purchasing an additional 203,734 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NextNav by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 576,254 shares of the company’s stock valued at $8,967,000 after purchasing an additional 29,448 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NextNav by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,731,051 shares of the company’s stock valued at $26,941,000 after acquiring an additional 39,543 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of NextNav by 23.4% in the 4th quarter. JPMorgan Chase & Co. now owns 40,225 shares of the company’s stock valued at $626,000 after acquiring an additional 7,637 shares during the period. Institutional investors and hedge funds own 79.16% of the company’s stock.

NextNav Stock Performance

NASDAQ:NN opened at $14.39 on Thursday. The company has a debt-to-equity ratio of 32.42, a current ratio of 16.75 and a quick ratio of 16.75. The firm has a 50-day moving average of $12.60 and a two-hundred day moving average of $12.98. The stock has a market cap of $1.91 billion, a P/E ratio of -14.11 and a beta of 1.00. NextNav Inc. has a 1-year low of $6.47 and a 1-year high of $18.54.

NextNav (NASDAQ:NN) last posted 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). The firm had revenue of $1.54 million during the quarter, compared to analyst estimates of $1.87 million. NextNav had a negative return on equity of 193.20% and a negative net margin of 2,091.01%. On average, research analysts expect that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

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.