UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $510,000 Holdings in NextNav Inc. (NASDAQ:NN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of NextNav Inc. (NASDAQ:NN) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,080 shares of the company’s stock after selling 8,023 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NextNav were worth $510,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in NextNav by 1.0% in the 2nd quarter. Raymond James & Associates now owns 156,000 shares of the company’s stock valued at $1,265,000 after acquiring an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of NextNav by 47.9% during the second quarter. Bank of New York Mellon Corp now owns 217,143 shares of the company’s stock worth $1,761,000 after acquiring an additional 70,343 shares during the last quarter. Principal Financial Group Inc. acquired a new position in NextNav in the second quarter valued at approximately $82,000. Ingalls & Snyder LLC grew its holdings in NextNav by 20.7% during the 2nd quarter. Ingalls & Snyder LLC now owns 296,900 shares of the company’s stock worth $2,408,000 after acquiring an additional 51,000 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of NextNav during the 2nd quarter worth about $50,000. Institutional investors own 79.16% of the company’s stock.

NextNav Stock Performance

Shares of NN stock opened at $15.60 on Friday. The company’s fifty day simple moving average is $14.09 and its 200-day simple moving average is $9.93. NextNav Inc. has a 12 month low of $3.55 and a 12 month high of $18.54. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The firm has a market cap of $2.04 billion, a PE ratio of -20.80 and a beta of 1.13.

Insider Activity at NextNav

In related news, CEO Mariam Sorond sold 200,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $16.40, for a total value of $3,280,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,574,117 shares in the company, valued at $25,815,518.80. The trade was a 11.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Arun Raghupathy sold 3,332 shares of NextNav stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $18.32, for a total transaction of $61,042.24. Following the completion of the sale, the senior vice president now owns 1,087,019 shares of the company’s stock, valued at approximately $19,914,188.08. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,367 shares of company stock valued at $3,442,705. 15.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

NextNav 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.