AST SpaceMobile, Inc. (NASDAQ:ASTS) Stock Holdings Lifted by Key Colony Management LLC

Key Colony Management LLC grew its holdings in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,000 shares of the company's stock after purchasing an additional 60,000 shares during the period. AST SpaceMobile makes up 6.2% of Key Colony Management LLC's portfolio, making the stock its 5th biggest holding. Key Colony Management LLC owned 0.07% of AST SpaceMobile worth $4,136,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fairfield Financial Advisors LTD purchased a new stake in shares of AST SpaceMobile during the third quarter valued at $26,000. Hollencrest Capital Management purchased a new stake in AST SpaceMobile during the third quarter valued at about $26,000. Rakuten Securities Inc. acquired a new position in shares of AST SpaceMobile in the third quarter worth about $68,000. Sunbelt Securities Inc. boosted its holdings in shares of AST SpaceMobile by 3,380.0% in the third quarter. Sunbelt Securities Inc. now owns 3,480 shares of the company's stock worth $91,000 after buying an additional 3,380 shares during the period. Finally, KBC Group NV purchased a new position in shares of AST SpaceMobile in the third quarter worth approximately $104,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ASTS shares. UBS Group upped their price target on shares of AST SpaceMobile from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Scotiabank reduced their target price on AST SpaceMobile from $45.90 to $44.70 and set a "sector outperform" rating for the company in a report on Friday, November 15th.

AST SpaceMobile Stock Up 5.2 %

Shares of ASTS stock traded up $1.06 during trading on Wednesday, hitting $21.54. 4,482,918 shares of the company were exchanged, compared to its average volume of 5,759,568. The business's 50-day simple moving average is $23.50 and its 200 day simple moving average is $23.35. AST SpaceMobile, Inc. has a twelve month low of $1.97 and a twelve month high of $39.08. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of -10.16 and a beta of 1.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.