NextNav Inc. $NN Shares Sold by Fleming James B JR

Fleming James B JR cut its position in shares of NextNav Inc. (NASDAQ:NN) by 22.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,923,143 shares of the company’s stock after selling 1,142,975 shares during the period. NextNav accounts for 97.4% of Fleming James B JR’s portfolio, making the stock its largest holding. Fleming James B JR’s holdings in NextNav were worth $59,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in NextNav by 94.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 70,971 shares of the company’s stock worth $864,000 after purchasing an additional 34,481 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of NextNav by 34.5% in the first quarter. Goldman Sachs Group Inc. now owns 468,748 shares of the company’s stock valued at $5,705,000 after buying an additional 120,123 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of NextNav by 52.2% during the 1st quarter. SG Americas Securities LLC now owns 54,218 shares of the company’s stock worth $660,000 after acquiring an additional 18,606 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of NextNav during the 1st quarter worth approximately $73,000. Finally, Swiss National Bank increased its holdings in shares of NextNav by 27.3% during the 1st quarter. Swiss National Bank now owns 126,500 shares of the company’s stock worth $1,540,000 after acquiring an additional 27,100 shares during the last quarter. 79.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Zacks Research raised NextNav to a “strong sell” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.00.

NextNav Stock Performance

NASDAQ:NN opened at $14.27 on Thursday. The stock has a market cap of $1.92 billion, a P/E ratio of -11.06 and a beta of 1.00. The stock has a 50 day simple moving average of $15.84 and a 200 day simple moving average of $14.15. The company has a current ratio of 14.97, a quick ratio of 14.97 and a debt-to-equity ratio of 32.42. NextNav Inc. has a 1-year low of $7.41 and a 1-year high of $18.54.

NextNav (NASDAQ:NN) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). The firm had revenue of $1.20 million during the quarter, compared to analyst estimates of $1.59 million. NextNav had a negative net margin of 2,678.59% and a negative return on equity of 556.83%. 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.