Swiss National Bank Has $1.55 Million Stock Position in NextNav Inc. (NASDAQ:NN)

Swiss National Bank raised its holdings in NextNav Inc. (NASDAQ:NN) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 99,400 shares of the company’s stock after purchasing an additional 15,700 shares during the period. Swiss National Bank’s holdings in NextNav were worth $1,547,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NN. Intech Investment Management LLC bought a new stake in shares of NextNav during the third quarter worth $150,000. Charles Schwab Investment Management Inc. grew its position in NextNav by 11.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 546,806 shares of the company’s stock worth $4,096,000 after acquiring an additional 57,780 shares during the last quarter. FMR LLC increased its holdings in NextNav by 354.3% in the 3rd quarter. FMR LLC now owns 16,418 shares of the company’s stock worth $123,000 after purchasing an additional 12,804 shares in the last quarter. 272 Capital LP bought a new position in NextNav in the third quarter valued at about $756,000. Finally, Paloma Partners Management Co acquired a new stake in shares of NextNav during the third quarter valued at about $1,060,000. Institutional investors and hedge funds own 79.16% of the company’s stock.

Insider Activity at NextNav

In other news, CFO Christian D. Gates sold 5,730 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 857,206 shares in the company, valued at $9,634,995.44. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mariam Sorond sold 62,868 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.23, for a total transaction of $706,007.64. Following the completion of the transaction, the chief executive officer now owns 1,550,358 shares in the company, valued at approximately $17,410,520.34. The trade was a 3.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,705 shares of company stock worth $816,495 over the last three months. Company insiders own 15.70% of the company’s stock.

NextNav Stock Performance

NASDAQ:NN opened at $12.91 on Friday. The stock’s 50-day moving average is $11.79 and its 200-day moving average is $12.24. NextNav Inc. has a 1-year low of $6.47 and a 1-year 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. The stock has a market cap of $1.70 billion, a P/E ratio of -17.21 and a beta of 1.17.

NextNav (NASDAQ:NN) last announced its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share (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 net margin of 1,732.92% and a negative return on equity of 128.95%. Equities research analysts anticipate 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.