Mercer Global Advisors Inc. ADV Makes New Investment in Viasat, Inc. (NASDAQ:VSAT)

Mercer Global Advisors Inc. ADV acquired a new position in Viasat, Inc. (NASDAQ:VSAT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 191,691 shares of the communications equipment provider's stock, valued at approximately $1,631,000. Mercer Global Advisors Inc. ADV owned about 0.15% of Viasat as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its stake in Viasat by 16.1% during the 4th quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider's stock valued at $42,912,000 after buying an additional 700,533 shares during the last quarter. Invesco Ltd. increased its stake in shares of Viasat by 46.8% in the 4th quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider's stock worth $17,818,000 after purchasing an additional 667,564 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Viasat by 150.2% in the 4th quarter. JPMorgan Chase & Co. now owns 706,792 shares of the communications equipment provider's stock worth $6,015,000 after purchasing an additional 424,317 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Viasat by 23.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider's stock worth $16,063,000 after purchasing an additional 364,072 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of Viasat by 2,709.0% in the 4th quarter. Jump Financial LLC now owns 373,620 shares of the communications equipment provider's stock worth $3,180,000 after purchasing an additional 360,319 shares in the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Viasat Stock Up 1.2%

NASDAQ VSAT traded up $0.12 on Tuesday, hitting $10.41. The stock had a trading volume of 1,808,461 shares, compared to its average volume of 3,301,010. The business's fifty day moving average price is $9.36 and its 200 day moving average price is $9.26. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. Viasat, Inc. has a 52-week low of $6.69 and a 52-week high of $26.70. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -3.10 and a beta of 1.01.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com upgraded Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley reduced their price objective on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a report on Monday, March 24th. Cantor Fitzgerald began coverage on shares of Viasat in a report on Friday, January 24th. They issued a "neutral" rating and a $12.00 target price for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 target price on shares of Viasat in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Viasat has an average rating of "Hold" and an average price target of $14.57.

Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.