Universal Beteiligungs und Servicegesellschaft mbH Boosts Position in AST SpaceMobile, Inc. $ASTS

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 87.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 107,988 shares of the company’s stock after purchasing an additional 50,468 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in AST SpaceMobile were worth $5,300,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in shares of AST SpaceMobile by 11.8% in the 1st quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after purchasing an additional 3,642 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AST SpaceMobile by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock valued at $1,814,000 after buying an additional 3,515 shares during the last quarter. Millennium Management LLC raised its position in AST SpaceMobile by 16.1% in the first quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock worth $10,634,000 after acquiring an additional 64,989 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in AST SpaceMobile by 18.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock worth $7,405,000 after acquiring an additional 49,811 shares during the period. Finally, Strs Ohio purchased a new position in shares of AST SpaceMobile during the 1st quarter worth $168,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of AST SpaceMobile in a report on Tuesday, January 20th. Barclays downgraded AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price objective on the stock. in a research note on Friday, October 17th. Scotiabank downgraded AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price objective for the company. in a research note on Wednesday, January 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $45.66.

AST SpaceMobile Stock Performance

NASDAQ ASTS opened at $104.78 on Tuesday. The company has a quick ratio of 9.48, a current ratio of 9.56 and a debt-to-equity ratio of 0.43. AST SpaceMobile, Inc. has a twelve month low of $17.50 and a twelve month high of $120.93. The business has a 50-day moving average price of $78.94 and a 200-day moving average price of $65.55. The firm has a market cap of $38.46 billion, a price-to-earnings ratio of -84.50 and a beta of 2.70.

AST SpaceMobile (NASDAQ:ASTS) last issued its earnings results on Monday, November 10th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.27). AST SpaceMobile had a negative net margin of 1,639.59% and a negative return on equity of 27.76%. The business had revenue of $14.74 million for the quarter, compared to the consensus estimate of $22.04 million. During the same period last year, the business posted ($1.10) EPS. The firm’s revenue for the quarter was up 1236.4% compared to the same quarter last year. As a group, equities research analysts predict that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.

Insider Activity

In related news, COO Shanti B. Gupta sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $77.34, for a total transaction of $773,400.00. Following the completion of the transaction, the chief operating officer directly owned 382,375 shares of the company’s stock, valued at approximately $29,572,882.50. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Maya Bernal sold 6,000 shares of AST SpaceMobile stock in a transaction on Friday, December 5th. The shares were sold at an average price of $73.76, for a total transaction of $442,560.00. Following the completion of the sale, the chief accounting officer owned 122,486 shares in the company, valued at approximately $9,034,567.36. This represents a 4.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 2,765 shares of company stock valued at $187,236 and have sold 2,354,621 shares valued at $164,348,075. 30.90% of the stock is currently owned by corporate insiders.

AST SpaceMobile Profile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.