AST SpaceMobile, Inc. (NASDAQ:ASTS) is Broad Run Investment Management LLC's Largest Position

Broad Run Investment Management LLC trimmed its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,773,407 shares of the company's stock after selling 25,679 shares during the period. AST SpaceMobile accounts for 10.8% of Broad Run Investment Management LLC's portfolio, making the stock its largest holding. Broad Run Investment Management LLC owned 1.30% of AST SpaceMobile worth $79,619,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of AST SpaceMobile by 235.9% during the third quarter. JPMorgan Chase & Co. now owns 247,781 shares of the company's stock valued at $6,479,000 after buying an additional 174,007 shares during the last quarter. Key Colony Management LLC increased its holdings in AST SpaceMobile by 44.1% in the 4th quarter. Key Colony Management LLC now owns 196,000 shares of the company's stock valued at $4,136,000 after acquiring an additional 60,000 shares during the last quarter. Lake Hills Wealth Management LLC purchased a new stake in AST SpaceMobile in the 4th quarter worth $374,000. KBC Group NV boosted its holdings in shares of AST SpaceMobile by 63.8% during the 4th quarter. KBC Group NV now owns 6,509 shares of the company's stock valued at $137,000 after purchasing an additional 2,536 shares during the last quarter. Finally, MBE Wealth Management LLC grew its position in shares of AST SpaceMobile by 7.0% during the fourth quarter. MBE Wealth Management LLC now owns 39,718 shares of the company's stock valued at $838,000 after purchasing an additional 2,602 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insiders Place Their Bets

In related news, Director Julio A. Torres sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.73, for a total transaction of $614,600.00. Following the completion of the sale, the director now directly owns 52,628 shares of the company's stock, valued at approximately $1,617,258.44. This trade represents a 27.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 41.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on ASTS shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $30.00 price objective on shares of AST SpaceMobile in a report on Tuesday, March 4th. Roth Capital began coverage on shares of AST SpaceMobile in a research report on Thursday, April 10th. They set a "buy" rating and a $42.00 price objective for the company. UBS Group boosted their target price on shares of AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of AST SpaceMobile in a report on Wednesday, March 5th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $42.82.

AST SpaceMobile Trading Up 16.0 %

Shares of AST SpaceMobile stock traded up $3.68 during trading on Friday, hitting $26.70. The stock had a trading volume of 16,837,956 shares, compared to its average volume of 12,573,060. AST SpaceMobile, Inc. has a 12 month low of $2.12 and a 12 month high of $39.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80. The firm's fifty day simple moving average is $25.04 and its 200-day simple moving average is $24.58. The stock has a market cap of $8.45 billion, a PE ratio of -12.67 and a beta of 1.81.

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.