Royce & Associates LP Has $3.08 Million Holdings in NextNav Inc. (NASDAQ:NN)

Royce & Associates LP lessened its stake in NextNav Inc. (NASDAQ:NN) by 51.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,894 shares of the company’s stock after selling 208,000 shares during the quarter. Royce & Associates LP’s holdings in NextNav were worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in NextNav in the 4th quarter valued at about $28,000. Golden State Wealth Management LLC bought a new position in NextNav during the 4th quarter worth approximately $78,000. King Luther Capital Management Corp bought a new position in NextNav during the 3rd quarter worth approximately $90,000. FMR LLC boosted its stake in NextNav by 354.3% during the 3rd quarter. FMR LLC now owns 16,418 shares of the company’s stock worth $123,000 after acquiring an additional 12,804 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in NextNav during the 3rd quarter worth approximately $125,000. Institutional investors and hedge funds own 79.16% of the company’s stock.

NextNav Stock Down 0.6 %

NextNav stock opened at $11.80 on Thursday. The company’s 50 day simple moving average is $11.80 and its 200 day simple moving average is $12.01. NextNav Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $18.54. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -15.73 and a beta of 1.17. 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 (NASDAQ:NN) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.10). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The firm had revenue of $1.91 million for the quarter, compared to the consensus estimate of $1.73 million. As a group, sell-side analysts anticipate that NextNav Inc. will post -0.74 EPS for the current year.

Insider Buying and Selling at NextNav

In other NextNav news, CEO Mariam Sorond sold 62,868 shares of NextNav stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.23, for a total value of $706,007.64. Following the transaction, the chief executive officer now owns 1,550,358 shares of the company’s stock, valued at approximately $17,410,520.34. The trade was a 3.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Christian D. Gates sold 5,730 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.24, for a total transaction of $64,405.20. Following the completion of the sale, the chief financial officer now directly owns 857,206 shares in the company, valued at approximately $9,634,995.44. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,603 shares of company stock valued at $815,309. 15.70% of the stock is currently owned by corporate insiders.

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.