Corsair Capital Management L.P. Sells 52,000 Shares of NextNav Inc. (NASDAQ:NN)

Corsair Capital Management L.P. lowered its position in NextNav Inc. (NASDAQ:NN) by 40.8% in the third quarter, HoldingsChannel.com reports. The fund owned 75,344 shares of the company’s stock after selling 52,000 shares during the quarter. Corsair Capital Management L.P.’s holdings in NextNav were worth $564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. nVerses Capital LLC bought a new stake in shares of NextNav during the second quarter worth approximately $50,000. Principal Financial Group Inc. bought a new stake in shares of NextNav during the 2nd quarter valued at $82,000. Quest Partners LLC acquired a new stake in shares of NextNav during the second quarter worth $88,000. King Luther Capital Management Corp bought a new stake in NextNav in the third quarter valued at about $90,000. Finally, Wolverine Asset Management LLC boosted its holdings in NextNav by 323.6% during the second quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock worth $98,000 after buying an additional 9,248 shares during the last quarter. 79.16% of the stock is owned by institutional investors and hedge funds.

NextNav Stock Performance

NN stock opened at $16.33 on Wednesday. NextNav Inc. has a 1-year low of $3.55 and a 1-year high of $17.10. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The firm has a market cap of $2.10 billion, a PE ratio of -21.41 and a beta of 0.94. The business’s 50-day moving average price is $10.71 and its two-hundred day moving average price is $8.79.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price target 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 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.