Natixis lifted its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) by 62.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 55,863 shares of the company’s stock after buying an additional 21,430 shares during the quarter. Natixis’ holdings in AST SpaceMobile were worth $162,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of AST SpaceMobile by 49.9% during the 1st quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company’s stock worth $19,325,000 after buying an additional 2,217,531 shares during the last quarter. Broad Run Investment Management LLC lifted its stake in shares of AST SpaceMobile by 74.8% during the 4th quarter. Broad Run Investment Management LLC now owns 3,962,853 shares of the company’s stock worth $23,896,000 after buying an additional 1,695,805 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of AST SpaceMobile during the 1st quarter worth about $580,000. PNC Financial Services Group Inc. lifted its stake in shares of AST SpaceMobile by 319.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 163,296 shares of the company’s stock worth $985,000 after buying an additional 124,322 shares during the last quarter. Finally, Accordant Advisory Group Inc acquired a new stake in shares of AST SpaceMobile during the 1st quarter worth about $463,000. Institutional investors and hedge funds own 60.95% of the company’s stock.
AST SpaceMobile Stock Up 13.2 %
ASTS stock opened at $18.84 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 7.51 and a quick ratio of 7.51. AST SpaceMobile, Inc. has a 12 month low of $1.97 and a 12 month high of $19.48. The company’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $5.52.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ASTS. Scotiabank raised their price target on shares of AST SpaceMobile from $7.40 to $12.90 and gave the stock a “sector outperform” rating in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of AST SpaceMobile from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Finally, UBS Group raised their price target on shares of AST SpaceMobile from $7.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, June 10th.
Check Out Our Latest Stock Analysis on AST SpaceMobile
AST SpaceMobile Company Profile
AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.
See Also
- Five stocks we like better than AST SpaceMobile
- What does consumer price index measure?
- MarketBeat Week in Review – 7/22 – 7/26
- What is the Euro STOXX 50 Index?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
Want to see what other hedge funds are holding ASTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report).
Receive News & Ratings for AST SpaceMobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AST SpaceMobile and related companies with MarketBeat.com's FREE daily email newsletter.