WINTON GROUP Ltd Buys New Shares in AST SpaceMobile, Inc. $ASTS

WINTON GROUP Ltd bought a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 86,984 shares of the company’s stock, valued at approximately $4,269,000.

Several other hedge funds have also added to or reduced their stakes in ASTS. REAP Financial Group LLC purchased a new stake in AST SpaceMobile during the third quarter valued at about $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of AST SpaceMobile in the second quarter worth about $28,000. Geneos Wealth Management Inc. lifted its stake in shares of AST SpaceMobile by 225.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 650 shares of the company’s stock valued at $32,000 after acquiring an additional 450 shares during the last quarter. Binnacle Investments Inc bought a new stake in shares of AST SpaceMobile in the 2nd quarter valued at about $33,000. Finally, Chapman Financial Group LLC purchased a new stake in AST SpaceMobile during the 2nd quarter valued at about $38,000. 60.95% of the stock is owned by institutional investors.

AST SpaceMobile Stock Up 0.3%

NASDAQ ASTS opened at $89.76 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 16.35 and a quick ratio of 16.27. The stock has a market capitalization of $32.94 billion, a PE ratio of -68.00 and a beta of 2.78. AST SpaceMobile, Inc. has a 1 year low of $18.22 and a 1 year high of $129.89. The business’s 50-day moving average is $95.43 and its 200 day moving average is $74.65.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The business had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $39.53 million. AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The business’s revenue was up 2731.3% on a year-over-year basis. Sell-side analysts forecast that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Shanti B. Gupta sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $77.34, for a total value of $773,400.00. Following the completion of the sale, the chief operating officer owned 382,375 shares of the company’s stock, valued at $29,572,882.50. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith R. Larson purchased 625 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was acquired at an average cost of $80.00 per share, with a total value of $50,000.00. Following the purchase, the director directly owned 2,015 shares of the company’s stock, valued at $161,200. This trade represents a 44.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 2,015 shares of company stock worth $149,144. Corporate insiders own 30.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ASTS shares. Scotiabank lowered AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price target on the stock. in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of AST SpaceMobile in a research report on Tuesday, January 20th. Zacks Research raised AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, December 29th. Finally, B. Riley Financial lowered their price target on shares of AST SpaceMobile from $105.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, AST SpaceMobile has an average rating of “Reduce” and a consensus target price of $63.77.

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.