10,890 Shares in NextNav Inc. $NN Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in NextNav Inc. (NASDAQ:NN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,890 shares of the company’s stock, valued at approximately $166,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in shares of NextNav by 7.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,494 shares of the company’s stock valued at $175,000 after purchasing an additional 826 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in NextNav by 15.0% in the second quarter. Harbor Capital Advisors Inc. now owns 6,888 shares of the company’s stock valued at $105,000 after buying an additional 898 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in NextNav by 71.0% in the second quarter. Harbor Investment Advisory LLC now owns 3,685 shares of the company’s stock valued at $56,000 after buying an additional 1,530 shares in the last quarter. AlphaQuest LLC purchased a new stake in NextNav during the 2nd quarter worth about $25,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NextNav by 8.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,539 shares of the company’s stock worth $579,000 after acquiring an additional 3,543 shares in the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.

NextNav Stock Up 0.6%

Shares of NASDAQ NN opened at $12.59 on Thursday. The business has a 50-day moving average price of $14.45 and a 200 day moving average price of $14.42. The stock has a market cap of $1.70 billion, a PE ratio of -9.68 and a beta of 0.99. The company has a quick ratio of 11.54, a current ratio of 11.53 and a debt-to-equity ratio of 32.42. NextNav Inc. has a 52-week low of $9.05 and a 52-week high of $18.54.

NextNav (NASDAQ:NN) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The company had revenue of $0.89 million during the quarter, compared to analysts’ expectations of $1.13 million. NextNav had a negative return on equity of 556.83% and a negative net margin of 3,109.88%. Equities research analysts forecast that NextNav Inc. will post -0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of NextNav in a research report on Wednesday, October 8th. Zacks Research raised shares of NextNav from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.00.

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.