Rhumbline Advisers increased its holdings in shares of NextNav Inc. (NASDAQ:NN – Free Report) by 6.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 105,929 shares of the company’s stock after buying an additional 6,413 shares during the period. Rhumbline Advisers’ holdings in NextNav were worth $1,289,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fleming James B JR bought a new stake in NextNav during the fourth quarter worth approximately $80,618,000. Susquehanna Advisors Group Inc. acquired a new stake in shares of NextNav during the 4th quarter valued at $67,648,000. Vanguard Group Inc. boosted its stake in shares of NextNav by 23.3% during the 4th quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company’s stock valued at $62,505,000 after buying an additional 759,775 shares during the period. Invesco Ltd. boosted its stake in shares of NextNav by 2,461.2% during the 4th quarter. Invesco Ltd. now owns 712,385 shares of the company’s stock valued at $11,085,000 after buying an additional 684,571 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in shares of NextNav by 466.5% during the 4th quarter. Voloridge Investment Management LLC now owns 657,996 shares of the company’s stock valued at $10,238,000 after buying an additional 541,842 shares during the period. Institutional investors and hedge funds own 79.16% of the company’s stock.
NextNav Stock Up 0.2%
NextNav stock opened at $14.39 on Thursday. The company has a market capitalization of $1.91 billion, a P/E ratio of -14.11 and a beta of 1.00. The firm’s fifty day simple moving average is $12.60 and its 200-day simple moving average is $12.98. The company has a current ratio of 16.75, a quick ratio of 16.75 and a debt-to-equity ratio of 32.42. NextNav Inc. has a 1-year low of $6.47 and a 1-year high of $18.54.
About NextNav
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.
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