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

Royce & Associates LP cut its position in NextNav Inc. (NASDAQ:NN) by 51.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,894 shares of the company’s stock after selling 208,000 shares during the quarter. Royce & Associates LP owned approximately 0.15% of NextNav worth $3,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in 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 period. Swiss National Bank boosted its holdings in NextNav by 18.8% in the 4th quarter. Swiss National Bank now owns 99,400 shares of the company’s stock valued at $1,547,000 after purchasing an additional 15,700 shares during the period. Amundi boosted its holdings in NextNav by 46.9% in the 4th quarter. Amundi now owns 28,883 shares of the company’s stock valued at $449,000 after purchasing an additional 9,222 shares during the period. Raymond James Financial Inc. bought a new stake in NextNav in the 4th quarter valued at $231,000. Finally, Arizona State Retirement System boosted its holdings in NextNav by 18.7% in the 4th quarter. Arizona State Retirement System now owns 14,645 shares of the company’s stock valued at $228,000 after purchasing an additional 2,306 shares during the period. 79.16% of the stock is currently owned by institutional investors and hedge funds.

NextNav Price Performance

Shares of NextNav stock opened at $11.80 on Thursday. 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 fifty-two week low of $4.50 and a fifty-two week high of $18.54. The firm has a fifty day moving average price of $11.80 and a two-hundred day moving average price of $12.01. The company has a market cap of $1.55 billion, a PE ratio of -15.73 and a beta of 1.17.

NextNav (NASDAQ:NN) last issued its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). The company had revenue of $1.91 million during the quarter, compared to the consensus estimate of $1.73 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. Analysts expect that NextNav Inc. will post -0.74 EPS for the current year.

Insider Transactions at NextNav

In other news, CFO Christian D. Gates sold 5,730 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.24, for a total transaction of $64,405.20. Following the completion of the transaction, the chief financial officer now directly owns 857,206 shares of the company’s stock, valued at approximately $9,634,995.44. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sammaad Shams sold 4,005 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.21, for a total transaction of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares of the company’s stock, valued at $909,131. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,603 shares of company stock valued at $815,309. Company insiders own 15.70% of the company’s stock.

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.