AST SpaceMobile, Inc. (NASDAQ:ASTS) Stock Holdings Boosted by Key Colony Management LLC

Key Colony Management LLC grew its position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 204.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 596,000 shares of the company's stock after buying an additional 400,000 shares during the period. AST SpaceMobile accounts for approximately 21.2% of Key Colony Management LLC's investment portfolio, making the stock its 3rd largest holding. Key Colony Management LLC owned approximately 0.19% of AST SpaceMobile worth $13,553,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ASTS. Xponance Inc. increased its stake in AST SpaceMobile by 8.7% during the 4th quarter. Xponance Inc. now owns 9,676 shares of the company's stock worth $204,000 after acquiring an additional 772 shares during the period. CIBC Private Wealth Group LLC increased its stake in AST SpaceMobile by 106.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,372 shares of the company's stock valued at $53,000 after acquiring an additional 1,222 shares during the last quarter. Americana Partners LLC grew its stake in shares of AST SpaceMobile by 5.2% during the fourth quarter. Americana Partners LLC now owns 27,047 shares of the company's stock valued at $571,000 after buying an additional 1,326 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in AST SpaceMobile by 16.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 10,562 shares of the company's stock worth $223,000 after buying an additional 1,508 shares during the period. Finally, Colonial River Investments LLC boosted its stake in shares of AST SpaceMobile by 17.3% during the 4th quarter. Colonial River Investments LLC now owns 10,618 shares of the company's stock worth $224,000 after acquiring an additional 1,564 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

AST SpaceMobile Stock Up 2.4%

Shares of NASDAQ ASTS traded up $0.59 during trading hours on Tuesday, hitting $24.74. The stock had a trading volume of 3,567,445 shares, compared to its average volume of 11,967,312. The company has a market capitalization of $7.83 billion, a P/E ratio of -11.67 and a beta of 2.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. The firm's 50-day moving average price is $23.78 and its two-hundred day moving average price is $24.51. AST SpaceMobile, Inc. has a 52 week low of $7.56 and a 52 week high of $39.08.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The business had revenue of $0.72 million during the quarter, compared to analysts' expectations of $3.85 million. Analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 20,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.73, for a total transaction of $614,600.00. Following the sale, the director now directly owns 52,628 shares in the company, valued at $1,617,258.44. This represents a 27.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Huiwen Yao sold 55,000 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $26.82, for a total transaction of $1,475,100.00. The disclosure for this sale can be found here. 34.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ASTS. Scotiabank reduced their target price on shares of AST SpaceMobile from $47.90 to $45.40 and set a "sector outperform" rating on the stock in a report on Tuesday, May 13th. UBS Group increased their price objective on shares of AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Oppenheimer began coverage on shares of AST SpaceMobile in a research report on Monday, May 5th. They set a "market perform" rating on the stock. Roth Capital started coverage on shares of AST SpaceMobile in a research note on Thursday, April 10th. They issued a "buy" rating and a $42.00 price target on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $30.00 price target on shares of AST SpaceMobile in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.40.

About AST SpaceMobile

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.