Hanseatic Management Services Inc. Sells 612 Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS)

Hanseatic Management Services Inc. cut its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,390 shares of the company’s stock after selling 612 shares during the period. Hanseatic Management Services Inc.’s holdings in AST SpaceMobile were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in AST SpaceMobile by 235.9% in the third quarter. JPMorgan Chase & Co. now owns 247,781 shares of the company’s stock valued at $6,479,000 after acquiring an additional 174,007 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in AST SpaceMobile during the 2nd quarter valued at about $278,000. Van ECK Associates Corp boosted its stake in shares of AST SpaceMobile by 141.1% in the 3rd quarter. Van ECK Associates Corp now owns 103,437 shares of the company’s stock valued at $2,716,000 after purchasing an additional 60,530 shares during the last quarter. Algert Global LLC acquired a new stake in shares of AST SpaceMobile during the 3rd quarter worth approximately $768,000. Finally, Americana Partners LLC acquired a new stake in shares of AST SpaceMobile during the 3rd quarter worth approximately $673,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

AST SpaceMobile Stock Down 1.0 %

Shares of ASTS stock opened at $20.78 on Friday. The stock has a 50-day moving average of $23.44 and a 200-day moving average of $23.48. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile, Inc. has a one year low of $1.97 and a one year high of $39.08.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ASTS shares. Scotiabank cut their price objective on shares of AST SpaceMobile from $45.90 to $44.70 and set a “sector outperform” rating on the stock in a report on Friday, November 15th. UBS Group increased their price target on AST SpaceMobile from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th.

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.