Charles Schwab Investment Management Inc. Has $4.10 Million Stock Holdings in NextNav Inc. (NASDAQ:NN)

Charles Schwab Investment Management Inc. increased its position in NextNav Inc. (NASDAQ:NN) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 546,806 shares of the company’s stock after buying an additional 57,780 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NextNav were worth $4,096,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Wolf Hill Capital Management LP grew its stake in shares of NextNav by 14.6% in the 2nd quarter. Wolf Hill Capital Management LP now owns 2,123,062 shares of the company’s stock valued at $17,218,000 after buying an additional 269,754 shares during the period. Empyrean Capital Partners LP grew its stake in shares of NextNav by 56.6% in the 2nd quarter. Empyrean Capital Partners LP now owns 660,845 shares of the company’s stock valued at $5,359,000 after buying an additional 238,845 shares during the period. Ingalls & Snyder LLC grew its stake in shares of NextNav by 20.7% in the 2nd quarter. Ingalls & Snyder LLC now owns 296,900 shares of the company’s stock valued at $2,408,000 after buying an additional 51,000 shares during the period. Bank of New York Mellon Corp boosted its stake in NextNav by 47.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 217,143 shares of the company’s stock valued at $1,761,000 after purchasing an additional 70,343 shares during the last quarter. Finally, DigitalBridge Group Inc. acquired a new position in NextNav during the 2nd quarter valued at about $1,741,000. 79.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextNav

In other NextNav news, CEO Mariam Sorond sold 200,000 shares of NextNav stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $16.40, for a total transaction of $3,280,000.00. Following the transaction, the chief executive officer now owns 1,574,117 shares of the company’s stock, valued at $25,815,518.80. This trade represents a 11.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 201,459 shares of company stock worth $3,300,854. Insiders own 15.70% of the company’s stock.

NextNav Price Performance

NN stock opened at $16.79 on Friday. The company has a market capitalization of $2.16 billion, a P/E ratio of -22.39 and a beta of 1.13. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. NextNav Inc. has a 52-week low of $3.55 and a 52-week high of $18.10. The business has a 50-day simple moving average of $13.18 and a two-hundred day simple moving average of $9.61.

Analyst Ratings Changes

Separately, B. Riley lifted their price target on NextNav from $12.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

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.