Wittenberg Investment Management Inc. bought a new stake in NextNav Inc. (NASDAQ:NN – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm bought 48,901 shares of the company’s stock, valued at approximately $366,000.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of NextNav by 37.7% during the 1st quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company’s stock worth $21,307,000 after buying an additional 887,075 shares during the period. Wolf Hill Capital Management LP grew its holdings in NextNav by 14.6% in 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. Marshall Wace LLP bought a new stake in NextNav in the second quarter valued at $1,571,000. Bank of New York Mellon Corp raised its holdings in shares of NextNav by 47.9% during the second quarter. Bank of New York Mellon Corp now owns 217,143 shares of the company’s stock valued at $1,761,000 after purchasing an additional 70,343 shares during the period. Finally, DigitalBridge Group Inc. bought a new position in shares of NextNav during the 2nd quarter worth about $1,741,000. Institutional investors own 79.16% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, B. Riley boosted their target price on NextNav from $12.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.
NextNav Stock Up 2.1 %
Shares of NASDAQ:NN opened at $15.87 on Monday. NextNav Inc. has a twelve month low of $3.55 and a twelve month high of $17.02. The stock’s 50 day moving average is $10.37 and its 200-day moving average is $8.67. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81.
NextNav 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.
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