SG Americas Securities LLC Acquires 14,520 Shares of AST SpaceMobile, Inc. $ASTS

SG Americas Securities LLC increased its holdings in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 20.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 85,532 shares of the company’s stock after acquiring an additional 14,520 shares during the period. SG Americas Securities LLC’s holdings in AST SpaceMobile were worth $4,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its holdings in shares of AST SpaceMobile by 1,992.5% in the 1st quarter. Voya Investment Management LLC now owns 843,554 shares of the company’s stock valued at $19,182,000 after acquiring an additional 803,240 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in AST SpaceMobile during the second quarter worth about $21,754,000. Invesco Ltd. boosted its position in AST SpaceMobile by 610.4% during the second quarter. Invesco Ltd. now owns 475,531 shares of the company’s stock valued at $22,222,000 after purchasing an additional 408,595 shares during the last quarter. Quadrature Capital Ltd grew its stake in AST SpaceMobile by 170.7% in the second quarter. Quadrature Capital Ltd now owns 569,785 shares of the company’s stock valued at $26,620,000 after purchasing an additional 359,335 shares in the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of AST SpaceMobile by 320.5% during the 2nd quarter. Penserra Capital Management LLC now owns 398,563 shares of the company’s stock worth $18,624,000 after purchasing an additional 303,784 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the transaction, the insider owned 211,379 shares in the company, valued at approximately $14,743,685.25. This trade represents a 91.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $73.52, for a total value of $2,940,800.00. Following the completion of the sale, the chief technology officer owned 4,750 shares of the company’s stock, valued at $349,220. This trade represents a 89.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 2,765 shares of company stock valued at $187,236 and sold 2,354,621 shares valued at $164,348,075. 30.90% of the stock is currently owned by insiders.

AST SpaceMobile Price Performance

NASDAQ:ASTS opened at $97.67 on Monday. The company has a market cap of $35.85 billion, a P/E ratio of -78.77 and a beta of 2.70. The firm’s fifty day moving average price is $70.07 and its two-hundred day moving average price is $60.88. AST SpaceMobile, Inc. has a one year low of $17.50 and a one year high of $102.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 9.56 and a quick ratio of 9.48.

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

Analyst Ratings Changes

Several research firms have issued reports on ASTS. Zacks Research lowered shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Scotiabank lowered shares of AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price objective on the stock. in a research note on Wednesday. Barclays cut shares of AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a report on Friday, October 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, AST SpaceMobile has a consensus rating of “Reduce” and a consensus target price of $45.66.

About AST SpaceMobile

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.