Chicago Partners Investment Group LLC Raises Stake in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Chicago Partners Investment Group LLC boosted its holdings in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 19.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,858 shares of the company’s stock after buying an additional 10,004 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in AST SpaceMobile were worth $1,392,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fairfield Financial Advisors LTD acquired a new stake in AST SpaceMobile during the third quarter worth about $26,000. Hollencrest Capital Management purchased a new position in shares of AST SpaceMobile during the 3rd quarter valued at approximately $26,000. Rakuten Securities Inc. acquired a new position in shares of AST SpaceMobile in the 3rd quarter valued at $68,000. Sunbelt Securities Inc. boosted its holdings in AST SpaceMobile by 3,380.0% during the third quarter. Sunbelt Securities Inc. now owns 3,480 shares of the company’s stock worth $91,000 after buying an additional 3,380 shares in the last quarter. Finally, KBC Group NV acquired a new stake in AST SpaceMobile during the third quarter valued at $104,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

AST SpaceMobile Stock Up 11.1 %

ASTS stock opened at $20.24 on Monday. AST SpaceMobile, Inc. has a 52 week low of $1.97 and a 52 week high of $39.08. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. The firm has a 50-day simple moving average of $22.45 and a 200-day simple moving average of $24.11. The stock has a market capitalization of $5.86 billion, a P/E ratio of -9.55 and a beta of 1.64.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Scotiabank decreased their price objective on shares of AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating for the company in a research report on Friday, January 24th. UBS Group increased their price target on AST SpaceMobile from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

AST SpaceMobile 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.