NextNav Inc. $NN Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its holdings in NextNav Inc. (NASDAQ:NN) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,557 shares of the company’s stock after acquiring an additional 5,065 shares during the period. Deutsche Bank AG owned about 0.05% of NextNav worth $883,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in NextNav by 17.8% during the first quarter. Vanguard Group Inc. now owns 4,732,231 shares of the company’s stock valued at $57,591,000 after purchasing an additional 715,171 shares during the period. Ancora Advisors LLC raised its stake in shares of NextNav by 14.9% during the 4th quarter. Ancora Advisors LLC now owns 2,016,250 shares of the company’s stock valued at $31,373,000 after buying an additional 261,000 shares during the last quarter. General American Investors Co. Inc. raised its stake in shares of NextNav by 31.0% during the 1st quarter. General American Investors Co. Inc. now owns 1,120,227 shares of the company’s stock valued at $13,633,000 after buying an additional 265,227 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of NextNav by 12.8% in the 4th quarter. Northern Trust Corp now owns 702,396 shares of the company’s stock valued at $10,929,000 after buying an additional 79,813 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in shares of NextNav by 466.5% in the fourth quarter. Voloridge Investment Management LLC now owns 657,996 shares of the company’s stock worth $10,238,000 after buying an additional 541,842 shares during the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research upgraded NextNav to a “strong sell” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.00.

NextNav Trading Up 7.2%

NN stock opened at $15.53 on Monday. NextNav Inc. has a 52-week low of $6.47 and a 52-week high of $18.54. The company has a quick ratio of 14.97, a current ratio of 14.97 and a debt-to-equity ratio of 32.42. The firm has a market cap of $2.07 billion, a P/E ratio of -12.04 and a beta of 1.04. The company’s 50-day simple moving average is $15.09 and its 200-day simple moving average is $13.13.

NextNav (NASDAQ:NN) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.16). The business had revenue of $1.20 million during the quarter, compared to analysts’ expectations of $1.59 million. NextNav had a negative net margin of 2,678.59% and a negative return on equity of 556.83%. As a group, equities analysts forecast that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Insider Activity at NextNav

In other news, CEO Mariam Sorond sold 69,853 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $14.38, for a total value of $1,004,486.14. Following the completion of the sale, the chief executive officer directly owned 1,480,505 shares in the company, valued at $21,289,661.90. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.70% of the stock is owned by company insiders.

NextNav Company 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.