Lake Hills Wealth Management LLC purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 17,720 shares of the company's stock, valued at approximately $374,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in AST SpaceMobile by 5.5% in the second quarter. Victory Capital Management Inc. now owns 15,542 shares of the company's stock valued at $180,000 after buying an additional 814 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of AST SpaceMobile in the 2nd quarter worth approximately $4,757,000. Sei Investments Co. purchased a new position in AST SpaceMobile in the 2nd quarter valued at approximately $728,000. Marshall Wace LLP raised its holdings in AST SpaceMobile by 150.4% during the second quarter. Marshall Wace LLP now owns 126,685 shares of the company's stock worth $1,471,000 after purchasing an additional 76,088 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in AST SpaceMobile by 31.9% during the second quarter. The Manufacturers Life Insurance Company now owns 51,209 shares of the company's stock worth $595,000 after purchasing an additional 12,391 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.
Analyst Ratings Changes
ASTS has been the subject of a number of research analyst reports. UBS Group raised their price target on AST SpaceMobile from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Scotiabank dropped their target price on shares of AST SpaceMobile from $45.90 to $44.70 and set a "sector outperform" rating for the company in a report on Friday, November 15th.
Check Out Our Latest Stock Analysis on AST SpaceMobile
AST SpaceMobile Price Performance
AST SpaceMobile stock traded down $2.69 during mid-day trading on Thursday, hitting $19.80. 34,967,629 shares of the company were exchanged, compared to its average volume of 7,945,929. AST SpaceMobile, Inc. has a 12-month low of $1.97 and a 12-month high of $39.08. The company has a market capitalization of $5.74 billion, a P/E ratio of -9.34 and a beta of 1.64. The business's 50 day simple moving average is $23.09 and its two-hundred day simple moving average is $23.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80.
About AST SpaceMobile
(
Free Report)
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.
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