Interval Partners LP Has $15.16 Million Position in NextNav Inc. $NN

Interval Partners LP cut its position in shares of NextNav Inc. (NASDAQ:NN) by 8.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,060,237 shares of the company’s stock after selling 95,852 shares during the quarter. Interval Partners LP’s holdings in NextNav were worth $15,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NN. Geode Capital Management LLC raised its holdings in shares of NextNav by 6.3% in the second quarter. Geode Capital Management LLC now owns 1,933,030 shares of the company’s stock valued at $29,385,000 after purchasing an additional 115,261 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of NextNav by 419.1% during the 2nd quarter. Squarepoint Ops LLC now owns 125,546 shares of the company’s stock worth $1,908,000 after buying an additional 101,360 shares during the last quarter. DCF Advisers LLC boosted its holdings in shares of NextNav by 53.8% during the second quarter. DCF Advisers LLC now owns 20,000 shares of the company’s stock worth $304,000 after acquiring an additional 7,000 shares during the period. Corsair Capital Management L.P. grew its position in shares of NextNav by 17.3% in the second quarter. Corsair Capital Management L.P. now owns 67,777 shares of the company’s stock valued at $1,030,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in NextNav during the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 79.16% of the company’s stock.

Insider Activity at NextNav

In other NextNav news, CAO Sammaad Shams sold 1,576 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $16.24, for a total transaction of $25,594.24. Following the sale, the chief accounting officer directly owned 65,995 shares of the company’s stock, valued at $1,071,758.80. The trade was a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mariam Sorond sold 69,853 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $16.91, for a total transaction of $1,181,214.23. Following the completion of the sale, the chief executive officer directly owned 1,270,946 shares in the company, valued at approximately $21,491,696.86. This represents a 5.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 71,544 shares of company stock worth $1,208,753. 7.70% of the stock is owned by corporate insiders.

NextNav Trading Up 0.5%

NN stock opened at $17.02 on Friday. The firm has a 50-day moving average price of $15.80 and a 200-day moving average price of $15.26. NextNav Inc. has a 12 month low of $10.64 and a 12 month high of $18.25. The stock has a market capitalization of $2.29 billion, a P/E ratio of -13.09 and a beta of 0.96.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NN shares. Weiss Ratings restated a “sell (d-)” rating on shares of NextNav in a research note on Thursday, January 22nd. Wall Street Zen upgraded NextNav from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

NextNav Company Profile

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.