Venture Visionary Partners LLC Has $1.91 Million Stake in AST SpaceMobile, Inc. $ASTS

Venture Visionary Partners LLC trimmed its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 36.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,323 shares of the company’s stock after selling 14,957 shares during the period. Venture Visionary Partners LLC’s holdings in AST SpaceMobile were worth $1,912,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mariner LLC raised its position in shares of AST SpaceMobile by 16.4% in the fourth quarter. Mariner LLC now owns 46,554 shares of the company’s stock valued at $3,384,000 after buying an additional 6,548 shares in the last quarter. Focus Partners Wealth raised its position in shares of AST SpaceMobile by 8,016.7% in the fourth quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock valued at $92,000,000 after buying an additional 1,253,967 shares in the last quarter. Marshall Wace LLP raised its position in shares of AST SpaceMobile by 1,087.6% in the fourth quarter. Marshall Wace LLP now owns 264,591 shares of the company’s stock valued at $19,217,000 after buying an additional 242,311 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of AST SpaceMobile by 3.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 58,941 shares of the company’s stock valued at $4,281,000 after buying an additional 1,763 shares in the last quarter. Finally, Quinn Opportunity Partners LLC raised its position in shares of AST SpaceMobile by 40.0% in the fourth quarter. Quinn Opportunity Partners LLC now owns 42,000 shares of the company’s stock valued at $3,050,000 after buying an additional 12,000 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

AST SpaceMobile Stock Up 6.3%

Shares of ASTS opened at $87.57 on Tuesday. AST SpaceMobile, Inc. has a one year low of $36.08 and a one year high of $133.86. The company has a market cap of $33.99 billion, a P/E ratio of -49.20 and a beta of 2.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37. The firm has a 50 day simple moving average of $90.32 and a two-hundred day simple moving average of $88.38.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The firm had revenue of $14.74 million for the quarter, compared to analyst estimates of $39.01 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 1952.2% on a year-over-year basis. Research analysts forecast that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Analyst Ratings Changes

ASTS has been the subject of a number of analyst reports. Zacks Research upgraded shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Barclays lifted their price target on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, April 9th. New Street Research set a $106.00 price target on shares of AST SpaceMobile in a research report on Friday, May 29th. Wall Street Zen downgraded shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of AST SpaceMobile from a “buy” rating to a “hold” rating and lowered their price objective for the company from $117.00 to $106.00 in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, AST SpaceMobile presently has an average rating of “Reduce” and a consensus price target of $81.33.

Insider Activity

In other AST SpaceMobile news, major shareholder Hiroshi Mikitani sold 1,690,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $91.42, for a total transaction of $154,499,800.00. Following the sale, the insider owned 29,330,155 shares of the company’s stock, valued at approximately $2,681,362,770.10. The trade was a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julio A. Torres sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the sale, the director directly owned 43,239 shares in the company, valued at approximately $3,300,865.26. The trade was a 25.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,185,809 shares of company stock valued at $284,200,492 in the last three months. Company insiders own 20.89% of the company’s stock.

AST SpaceMobile Company 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.