Whitaker Myers Wealth Managers LTD. Makes New Investment in NextNav Inc. (NASDAQ:NN)

Whitaker Myers Wealth Managers LTD. bought a new position in NextNav Inc. (NASDAQ:NN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,064 shares of the company’s stock, valued at approximately $157,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NN. Wolf Hill Capital Management LP boosted its holdings in shares of NextNav by 14.6% during the second quarter. Wolf Hill Capital Management LP now owns 2,123,062 shares of the company’s stock worth $17,218,000 after purchasing an additional 269,754 shares during the period. State Street Corp boosted its holdings in shares of NextNav by 1.1% during the third quarter. State Street Corp now owns 2,010,131 shares of the company’s stock worth $15,056,000 after purchasing an additional 22,152 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NextNav by 10.3% during the third quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock worth $12,672,000 after purchasing an additional 158,455 shares during the period. Empyrean Capital Partners LP boosted its holdings in shares of NextNav by 56.6% during the second quarter. Empyrean Capital Partners LP now owns 660,845 shares of the company’s stock worth $5,359,000 after purchasing an additional 238,845 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of NextNav by 11.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 546,806 shares of the company’s stock worth $4,096,000 after purchasing an additional 57,780 shares during the period. 79.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextNav news, CFO Christian D. Gates sold 3,918 shares of NextNav stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total transaction of $69,152.70. Following the sale, the chief financial officer now owns 815,722 shares in the company, valued at $14,397,493.30. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mariam Sorond sold 200,000 shares of NextNav stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $16.40, for a total transaction of $3,280,000.00. Following the sale, the chief executive officer now owns 1,574,117 shares in the company, valued at $25,815,518.80. This represents a 11.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,367 shares of company stock valued at $3,442,705. 15.70% of the stock is owned by company insiders.

NextNav Trading Up 1.6 %

NASDAQ:NN opened at $12.99 on Friday. NextNav Inc. has a 12 month low of $3.55 and a 12 month high of $18.54. The company’s 50 day moving average is $15.49 and its 200-day moving average is $10.87. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -17.32 and a beta of 1.17. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81.

Analysts Set New Price Targets

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

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.