Americana Partners LLC Makes New $673,000 Investment in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Americana Partners LLC acquired a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,721 shares of the company's stock, valued at approximately $673,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of AST SpaceMobile by 49.9% during the first quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company's stock worth $19,325,000 after purchasing an additional 2,217,531 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of AST SpaceMobile during the second quarter worth about $278,000. Marshall Wace LLP lifted its position in shares of 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. Key Colony Management LLC bought a new position in shares of AST SpaceMobile during the third quarter worth about $3,556,000. Finally, American International Group Inc. lifted its position in shares of AST SpaceMobile by 41.5% during the first quarter. American International Group Inc. now owns 56,527 shares of the company's stock worth $164,000 after purchasing an additional 16,568 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

AST SpaceMobile Stock Performance

Shares of NASDAQ:ASTS traded up $0.04 during trading hours on Friday, hitting $23.85. The stock had a trading volume of 5,993,108 shares, compared to its average volume of 10,130,435. The stock's fifty day simple moving average is $26.73 and its 200 day simple moving average is $16.87. AST SpaceMobile, Inc. has a 1-year low of $1.97 and a 1-year high of $39.08. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of -19.08 and a beta of 1.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.38 and a current ratio of 6.38.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. The firm had revenue of $0.90 million during the quarter, compared to analyst estimates of $2.00 million. Sell-side analysts anticipate that AST SpaceMobile, Inc. will post -0.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ASTS shares. UBS Group raised their target price on shares of AST SpaceMobile from $13.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of AST SpaceMobile from $22.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Scotiabank raised their target price on shares of AST SpaceMobile from $28.00 to $45.90 and gave the stock a "sector outperform" rating in a report on Monday, August 26th. Finally, B. Riley raised their target price on shares of AST SpaceMobile from $26.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, August 29th.

Insider Buying and Selling at AST SpaceMobile

In related news, Director Adriana Cisneros acquired 4,934 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $26.32 per share, for a total transaction of $129,862.88. Following the completion of the purchase, the director now directly owns 774,772 shares of the company's stock, valued at $20,391,999.04. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, President Scott Wisniewski sold 2,700 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $23.12, for a total transaction of $62,424.00. Following the transaction, the president now owns 712,660 shares in the company, valued at $16,476,699.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adriana Cisneros acquired 4,934 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $26.32 per share, for a total transaction of $129,862.88. Following the purchase, the director now directly owns 774,772 shares of the company's stock, valued at approximately $20,391,999.04. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 127,700 shares of company stock worth $3,220,524. 41.80% of the stock is owned by company insiders.

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.