Raymond James & Associates lifted its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) by 48.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,493 shares of the company’s stock after acquiring an additional 30,625 shares during the quarter. Raymond James & Associates’ holdings in AST SpaceMobile were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASTS. Royal Bank of Canada increased its stake in AST SpaceMobile by 357.3% in the third quarter. Royal Bank of Canada now owns 3,576 shares of the company’s stock valued at $26,000 after purchasing an additional 2,794 shares during the last quarter. UBS Group AG raised its position in AST SpaceMobile by 45.3% in the 1st quarter. UBS Group AG now owns 4,222 shares of the company’s stock valued at $42,000 after purchasing an additional 1,316 shares during the last quarter. Millennium Management LLC acquired a new position in shares of AST SpaceMobile in the second quarter valued at approximately $65,000. Northwest Wealth Management LLC acquired a new position in AST SpaceMobile in the 4th quarter valued at $51,000. Finally, Squarepoint Ops LLC purchased a new position in AST SpaceMobile during the 4th quarter worth $57,000. 48.41% of the stock is currently owned by hedge funds and other institutional investors.
AST SpaceMobile Trading Up 2.9 %
Shares of NASDAQ:ASTS opened at $3.94 on Thursday. AST SpaceMobile, Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $14.27. The firm’s 50-day simple moving average is $5.19 and its 200-day simple moving average is $5.35. The company has a quick ratio of 6.39, a current ratio of 6.39 and a debt-to-equity ratio of 0.01.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last posted its quarterly earnings results on Monday, May 15th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). As a group, equities analysts predict that AST SpaceMobile, Inc. will post -0.84 EPS for the current year.
AST SpaceMobile Profile
AST SpaceMobile, Inc, together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States. Its SpaceMobile service provides mobile broadband services to end-users who are out of terrestrial cellular coverage. AST SpaceMobile, Inc was founded in 2017 and is based in Midland, Texas.