6 days Ago By ABMN Staff
Legal & General Group Plc grew its stake in NextNav Inc. ( NASDAQ:NN – Free Report ) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 46,961 shares of the company’s stock after acquiring an additional 6,292 shares during the quarter. Legal & General Group Plc’s holdings in NextNav were worth $731,000 at the end of the most recent quarter. Several other hedge funds also recently modified their holdings of NN.
Invesco Ltd. increased its holdings in shares of NextNav by 2,461.2% during the 4th quarter.
Invesco Ltd. now owns 712,385 shares of the company’s stock worth $11,085,000 after buying an additional 684,571 shares during the last quarter. Federated Hermes Inc.
purchased a new stake in NextNav during the fourth quarter worth approximately $3,742,000. Russell Investments Group Ltd. raised its stake in shares of NextNav by 112.
5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company’s stock valued at $30,000 after acquiring an additional 1,018 shares during the period.
Wells Fargo & Company MN raised its stake in shares of NextNav by 52.3% in the 4th quarter. Wells Fargo & Company MN now owns 38,031 shares of the company’s stock valued at $592,000 after acquiring an additional 13,066 shares during the period.
Finally, Geode Capital Management LLC lifted its holdings in shares of NextNav by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,731,051 shares of the company’s stock valued at $26,941,000 after acquiring an additional 39,543 shares in the last quarter.
79.16% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling at NextNav In related news, CFO Christian D.
Gates sold 5,730 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.24, for a total value of $64,405.
20. Following the completion of the sale, the chief financial officer now directly owns 857,206 shares of the company’s stock, valued at $9,634,995.44.
The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
Also, CEO Mariam Sorond sold 62,868 shares of the company’s 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 sale, the chief executive officer now owns 1,550,358 shares in the company, valued at $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 a total of 72,705 shares of company stock valued at $816,495 in the last ninety days. Insiders own 7.70% of the company’s stock.
NextNav Stock Up 4.3 % NextNav ( NASDAQ:NN – Get Free Report ) last released 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 analysts’ expectations of $1.73 million.
NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%.
Research analysts anticipate that NextNav Inc. will post -0.74 EPS for the current fiscal year.
About NextNav ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding NN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NextNav Inc. ( NASDAQ:NN – Free Report ). Receive News & Ratings for NextNav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextNav and related companies with MarketBeat.
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