NextNav Inc. (NASDAQ:NN) Shares Sold by Empyrean Capital Partners LP

Empyrean Capital Partners LP lessened its position in shares of NextNav Inc. (NASDAQ:NN) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,385,000 shares of the company’s stock after selling 76,065 shares during the quarter. NextNav makes up 1.0% of Empyrean Capital Partners LP’s holdings, making the stock its 28th biggest position. Empyrean Capital Partners LP owned about 1.06% of NextNav worth $21,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of NextNav by 29.2% in the third quarter. Barclays PLC now owns 291,964 shares of the company’s stock valued at $2,187,000 after buying an additional 66,039 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in NextNav by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,588 shares of the company’s stock worth $244,000 after acquiring an additional 616 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in NextNav during the fourth quarter worth $157,000. SG Americas Securities LLC lifted its holdings in NextNav by 30.2% during the fourth quarter. SG Americas Securities LLC now owns 35,612 shares of the company’s stock valued at $554,000 after purchasing an additional 8,264 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of NextNav in the fourth quarter valued at about $78,000. Hedge funds and other institutional investors own 79.16% of the company’s stock.

NextNav Stock Up 0.9 %

NN opened at $13.93 on Friday. The company has a market cap of $1.84 billion, a PE ratio of -18.57 and a beta of 1.03. NextNav Inc. has a twelve month low of $6.47 and a twelve month high of $18.54. The company has a 50-day moving average price of $11.96 and a 200 day moving average price of $13.17. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81.

NextNav (NASDAQ:NN) last released its earnings results 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 net margin of 1,732.92% and a negative return on equity of 128.95%. The firm had revenue of $1.91 million during the quarter, compared to analysts’ expectations of $1.73 million. Sell-side analysts expect that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Sammaad Shams sold 4,005 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.21, for a total value of $44,896.05. Following the completion of the sale, the chief accounting officer now owns 81,100 shares of the company’s stock, valued at approximately $909,131. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Christian D. Gates sold 5,730 shares of NextNav stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.24, for a total transaction of $64,405.20. Following the transaction, the chief financial officer now directly owns 857,206 shares in the company, valued at $9,634,995.44. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,705 shares of company stock valued at $816,495 in the last 90 days. 7.70% of the stock is owned by 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.