WINTON GROUP Ltd Invests $209,000 in AST SpaceMobile, Inc. (NASDAQ:ASTS)

WINTON GROUP Ltd purchased a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,038 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in shares of AST SpaceMobile by 5.5% in the second quarter. Victory Capital Management Inc. now owns 15,542 shares of the company’s stock worth $180,000 after acquiring an additional 814 shares during the period. Accordant Advisory Group Inc boosted its stake in AST SpaceMobile by 2.0% during the second quarter. Accordant Advisory Group Inc now owns 162,823 shares of the company’s stock valued at $1,890,000 after buying an additional 3,146 shares during the period. MBE Wealth Management LLC boosted its stake in AST SpaceMobile by 34.1% during the second quarter. MBE Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $313,000 after buying an additional 6,870 shares during the period. Cantor Fitzgerald L. P. bought a new stake in AST SpaceMobile during the fourth quarter valued at $66,000. Finally, Calton & Associates Inc. bought a new stake in AST SpaceMobile during the second quarter valued at $128,000. 60.95% of the stock is owned by institutional investors.

Insider Transactions at AST SpaceMobile

In related news, Director Adriana Cisneros acquired 4,934 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $26.32 per share, for a total transaction of $129,862.88. Following the completion of the acquisition, the director now owns 774,772 shares in the company, valued at $20,391,999.04. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 56.56% of the company’s stock.

Analyst Upgrades and Downgrades

ASTS has been the subject of several research analyst reports. UBS Group lifted their price objective on AST SpaceMobile from $13.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on AST SpaceMobile from $22.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Scotiabank lifted their price objective on AST SpaceMobile from $28.00 to $45.90 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Finally, B. Riley lifted their price objective on AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 29th.

AST SpaceMobile Trading Up 1.1 %

Shares of ASTS stock opened at $28.30 on Thursday. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $23.34 and a two-hundred day moving average price of $11.64. AST SpaceMobile, Inc. has a 12-month low of $1.97 and a 12-month high of $39.08. The firm has a market cap of $7.29 billion, a P/E ratio of -28.88 and a beta of 1.63.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. The company had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $2.00 million. Equities analysts anticipate that AST SpaceMobile, Inc. will post -0.88 EPS for the current fiscal year.

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.