US Bancorp DE Takes $28,000 Position in NextNav Inc. (NASDAQ:NN)

US Bancorp DE bought a new position in shares of NextNav Inc. (NASDAQ:NN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,790 shares of the company’s stock, valued at approximately $28,000.

A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of NextNav by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,588 shares of the company’s stock valued at $244,000 after buying an additional 616 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of NextNav by 3.2% in the fourth quarter. Rhumbline Advisers now owns 99,516 shares of the company’s stock valued at $1,548,000 after purchasing an additional 3,075 shares during the last quarter. Ingalls & Snyder LLC boosted its position in shares of NextNav by 1.5% during the 4th quarter. Ingalls & Snyder LLC now owns 301,400 shares of the company’s stock valued at $4,690,000 after acquiring an additional 4,500 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of NextNav in the 4th quarter valued at approximately $78,000. Finally, SG Americas Securities LLC grew its position in NextNav by 30.2% in the fourth quarter. SG Americas Securities LLC now owns 35,612 shares of the company’s stock worth $554,000 after acquiring an additional 8,264 shares during the period. 79.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NextNav

In related news, CFO Christian D. Gates sold 5,730 shares of NextNav stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.24, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 1,550,358 shares in the company, valued at approximately $17,410,520.34. This trade represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,603 shares of company stock valued at $815,309 over the last ninety days. Insiders own 15.70% of the company’s stock.

NextNav Stock Down 0.6 %

Shares of NN opened at $11.80 on Thursday. The company’s 50-day moving average price is $11.80 and its 200 day moving average price is $12.01. The firm has a market cap of $1.55 billion, a P/E ratio of -15.73 and a beta of 1.17. NextNav Inc. has a 12-month low of $4.50 and a 12-month high of $18.54. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81.

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

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.