SG Americas Securities LLC Has $4.20 Million Holdings in AST SpaceMobile, Inc. $ASTS

SG Americas Securities LLC lifted its holdings in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,532 shares of the company’s stock after buying an additional 14,520 shares during the quarter. SG Americas Securities LLC’s holdings in AST SpaceMobile were worth $4,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Moran Wealth Management LLC lifted its holdings in AST SpaceMobile by 17.7% in the third quarter. Moran Wealth Management LLC now owns 68,607 shares of the company’s stock valued at $3,367,000 after buying an additional 10,307 shares during the period. KLP Kapitalforvaltning AS raised its position in shares of AST SpaceMobile by 4.5% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 41,400 shares of the company’s stock valued at $2,032,000 after acquiring an additional 1,800 shares during the last quarter. 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 purchasing an additional 450 shares during the period. Encompass Wealth Advisors LLC boosted its position in shares of AST SpaceMobile by 2.6% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 43,257 shares of the company’s stock worth $2,123,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of AST SpaceMobile by 35.9% in the 3rd quarter. Global Retirement Partners LLC now owns 3,545 shares of the company’s stock worth $174,000 after purchasing an additional 936 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. This represents a 91.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Shanti B. Gupta sold 10,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $77.34, for a total value of $773,400.00. Following the transaction, the chief operating officer 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 position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have acquired 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 owned by corporate insiders.

AST SpaceMobile Stock Up 7.9%

Shares of AST SpaceMobile stock opened at $97.67 on Monday. The company has a market capitalization of $35.85 billion, a P/E ratio of -78.77 and a beta of 2.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 9.56 and a quick ratio of 9.48. The business has a 50-day moving average of $70.07 and a two-hundred day moving average of $60.88. AST SpaceMobile, Inc. has a 1 year low of $17.50 and a 1 year high of $102.79.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.45) earnings per share 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 quarter last year, the firm earned ($1.10) EPS. The company’s revenue for the quarter was up 1236.4% on a year-over-year basis. As a group, equities analysts predict that AST SpaceMobile, Inc. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. 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 report on Wednesday. Zacks Research cut AST SpaceMobile from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, December 29th. Finally, Barclays cut shares of AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price objective for the company. in a report on Friday, October 17th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $45.66.

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.