Nisa Investment Advisors LLC Sells 4,217 Shares of NextNav Inc. (NASDAQ:NN)

Nisa Investment Advisors LLC trimmed its stake in NextNav Inc. (NASDAQ:NN) by 28.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,593 shares of the company’s stock after selling 4,217 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NextNav were worth $79,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NN. Raymond James & Associates raised its position in NextNav by 1.0% in the 2nd quarter. Raymond James & Associates now owns 156,000 shares of the company’s stock worth $1,265,000 after buying an additional 1,500 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in NextNav by 19.0% in the second quarter. CIBC Asset Management Inc now owns 19,652 shares of the company’s stock valued at $159,000 after acquiring an additional 3,140 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of NextNav by 34.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock worth $113,000 after purchasing an additional 4,405 shares during the period. nVerses Capital LLC purchased a new position in shares of NextNav during the 2nd quarter worth $50,000. Finally, The Manufacturers Life Insurance Company lifted its position in NextNav by 39.6% during the second quarter. The Manufacturers Life Insurance Company now owns 29,857 shares of the company’s stock valued at $242,000 after purchasing an additional 8,466 shares in the last quarter. 79.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextNav

In other news, Director Neil S. Subin acquired 125,000 shares of NextNav stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $6.93 per share, with a total value of $866,250.00. Following the purchase, the director now directly owns 2,490,213 shares in the company, valued at $17,257,176.09. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Neil S. Subin acquired 100,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $6.92 per share, with a total value of $692,000.00. Following the completion of the purchase, the director now directly owns 2,365,213 shares in the company, valued at approximately $16,367,273.96. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Neil S. Subin bought 125,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $6.93 per share, with a total value of $866,250.00. Following the transaction, the director now directly owns 2,490,213 shares of the company’s stock, valued at approximately $17,257,176.09. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.30% of the company’s stock.

NextNav Trading Up 3.4 %

Shares of NASDAQ:NN opened at $13.97 on Friday. The company has a market cap of $1.76 billion, a PE ratio of -16.44 and a beta of 0.94. NextNav Inc. has a 12-month low of $3.55 and a 12-month high of $14.00. The stock has a 50 day moving average of $8.71 and a 200 day moving average of $8.20. The company has a current ratio of 5.93, a quick ratio of 5.93 and a debt-to-equity ratio of 0.80.

NextNav (NASDAQ:NN) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The business had revenue of $1.11 million during the quarter, compared to the consensus estimate of $1.63 million. NextNav had a negative return on equity of 134.05% and a negative net margin of 2,181.52%. During the same period last year, the company earned ($0.15) EPS. As a group, equities research analysts expect that NextNav Inc. will post -0.8 EPS 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.