Institutional Investors Bet Big on AST SpaceMobile
$AST SpaceMobile, Inc.(ASTS)$
A striking difference exists in the ownership structure of Telefónica and AST SpaceMobile. Institutional investors hold a mere 1.1% of Telefónica shares, while they own a significant 61.0% of AST SpaceMobile. Furthermore, insider ownership tells a similar story: Telefónica has 0.0% insider ownership compared to a substantial 41.8% for AST SpaceMobile. High institutional ownership is generally viewed as a positive sign, suggesting that large institutional investors, such as money managers, endowments, and hedge funds, have confidence in a company's long-term market performance.
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