LA Financiere DE L Echiquier trimmed its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Rating) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,000 shares of the company’s stock after selling 20,000 shares during the quarter. LA Financiere DE L Echiquier owned 0.09% of AST SpaceMobile worth $1,587,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in ASTS. Commonwealth Equity Services LLC acquired a new position in shares of AST SpaceMobile during the fourth quarter worth about $93,000. Qube Research & Technologies Ltd acquired a new position in shares of AST SpaceMobile during the fourth quarter worth about $602,000. Advisor Group Holdings Inc. increased its stake in shares of AST SpaceMobile by 214.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 61,933 shares of the company’s stock worth $493,000 after acquiring an additional 42,214 shares during the period. Envestnet Asset Management Inc. acquired a new position in AST SpaceMobile during the fourth quarter worth about $155,000. Finally, Citigroup Inc. grew its position in AST SpaceMobile by 53.7% during the fourth quarter. Citigroup Inc. now owns 123,950 shares of the company’s stock worth $984,000 after buying an additional 43,328 shares during the period. 24.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of AST SpaceMobile from $32.00 to $31.00 in a research report on Tuesday, May 24th.
AST SpaceMobile Price Performance
AST SpaceMobile (NASDAQ:ASTS – Get Rating) last issued its earnings results on Monday, May 16th. The company reported ($0.21) earnings per share for the quarter. AST SpaceMobile had a negative return on equity of 20.08% and a negative net margin of 214.60%. The company had revenue of $2.39 million for the quarter. As a group, sell-side analysts anticipate that AST SpaceMobile, Inc. will post -0.59 EPS for the current year.
AST SpaceMobile Profile
AST SpaceMobile, Inc operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.
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