Wittenberg Investment Management Inc. Makes New Investment in NextNav Inc. (NASDAQ:NN)

Wittenberg Investment Management Inc. purchased a new stake in NextNav Inc. (NASDAQ:NN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 48,901 shares of the company’s stock, valued at approximately $366,000.

A number of other institutional investors also recently modified their holdings of the business. Raymond James & Associates boosted its position in NextNav by 1.0% in the second quarter. Raymond James & Associates now owns 156,000 shares of the company’s stock valued at $1,265,000 after buying an additional 1,500 shares in the last quarter. Van ECK Associates Corp increased its holdings in NextNav by 10.0% in the 3rd quarter. Van ECK Associates Corp now owns 21,412 shares of the company’s stock worth $160,000 after purchasing an additional 1,948 shares in the last quarter. CIBC Asset Management Inc raised its position in NextNav by 19.0% in the second quarter. CIBC Asset Management Inc now owns 19,652 shares of the company’s stock valued at $159,000 after purchasing an additional 3,140 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of NextNav by 34.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock valued at $113,000 after purchasing an additional 4,405 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of NextNav during the second quarter worth about $50,000. Institutional investors and hedge funds own 79.16% of the company’s stock.

Analyst Upgrades and Downgrades

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 report on Thursday, November 14th.

NextNav Stock Performance

Shares of NASDAQ:NN opened at $15.87 on Monday. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. NextNav Inc. has a 52 week low of $3.55 and a 52 week high of $17.02. The firm’s fifty day moving average is $10.37 and its 200-day moving average is $8.67.

About NextNav

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.