23,854 Shares in NextNav Inc. (NASDAQ:NN) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in NextNav Inc. (NASDAQ:NN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,854 shares of the company’s stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NN. JPMorgan Chase & Co. raised its position in NextNav by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 32,588 shares of the company’s stock valued at $244,000 after purchasing an additional 616 shares in the last quarter. Van ECK Associates Corp raised its position in NextNav by 10.0% during the third quarter. Van ECK Associates Corp now owns 21,412 shares of the company’s stock valued at $160,000 after purchasing an additional 1,948 shares in the last quarter. Rhumbline Advisers raised its position in NextNav by 3.2% during the fourth quarter. Rhumbline Advisers now owns 99,516 shares of the company’s stock valued at $1,548,000 after purchasing an additional 3,075 shares in the last quarter. Ingalls & Snyder LLC raised its position in NextNav by 1.5% during the fourth quarter. Ingalls & Snyder LLC now owns 301,400 shares of the company’s stock valued at $4,690,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in NextNav during the fourth quarter valued at about $78,000. Hedge funds and other institutional investors own 79.16% of the company’s stock.

NextNav Trading Down 5.1 %

NASDAQ NN opened at $9.95 on Tuesday. The stock’s 50-day simple moving average is $12.95 and its two-hundred day simple moving average is $11.71. NextNav Inc. has a twelve month low of $3.55 and a twelve 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 company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -13.27 and a beta of 1.13.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, SVP Arun Raghupathy sold 3,332 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.32, for a total transaction of $61,042.24. Following the transaction, the senior vice president now directly owns 1,087,019 shares of the company’s stock, valued at approximately $19,914,188.08. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christian D. Gates sold 3,918 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total value of $69,152.70. Following the transaction, the chief financial officer now directly owns 815,722 shares in the company, valued at $14,397,493.30. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,908 shares of company stock valued at $141,851. 15.70% of the stock is currently owned by insiders.

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.