NextNav Inc. (NASDAQ:NN) Holdings Trimmed by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. cut its holdings in NextNav Inc. (NASDAQ:NN) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,097 shares of the company’s stock after selling 32,454 shares during the quarter. Epoch Investment Partners Inc. owned about 0.11% of NextNav worth $2,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fleming James B JR acquired a new position in shares of NextNav in the 4th quarter worth $80,618,000. Vanguard Group Inc. increased its stake in NextNav by 23.3% in the 4th quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company’s stock worth $62,505,000 after purchasing an additional 759,775 shares in the last quarter. Invesco Ltd. raised its holdings in NextNav by 2,461.2% during the 4th quarter. Invesco Ltd. now owns 712,385 shares of the company’s stock worth $11,085,000 after buying an additional 684,571 shares during the period. Federated Hermes Inc. purchased a new stake in NextNav during the fourth quarter valued at about $3,742,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of NextNav by 1,580.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 216,625 shares of the company’s stock worth $3,371,000 after buying an additional 203,734 shares during the period. 79.16% of the stock is owned by institutional investors and hedge funds.

NextNav Stock Performance

NextNav stock opened at $11.81 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. The company has a market cap of $1.56 billion, a P/E ratio of -15.75 and a beta of 1.03. NextNav Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $18.54. The firm’s 50 day simple moving average is $11.70 and its 200-day simple moving average is $12.81.

NextNav (NASDAQ:NN) last announced its earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The firm had revenue of $1.91 million for the quarter, compared to analyst estimates of $1.73 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. As a group, equities research analysts predict that NextNav Inc. will post -0.74 EPS for the current year.

Insider Buying and Selling

In other news, CEO Mariam Sorond sold 62,868 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.23, for a total transaction of $706,007.64. Following the completion of the sale, the chief executive officer now directly owns 1,550,358 shares of the company’s stock, valued at $17,410,520.34. This trade represents a 3.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sammaad Shams sold 4,005 shares of NextNav stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.21, for a total value of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares of the company’s stock, valued at approximately $909,131. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,705 shares of company stock valued at $816,495. Corporate insiders own 15.70% of the company’s stock.

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.