Brevan Howard Capital Management LP Purchases Shares of 49,833 Viasat, Inc. (NASDAQ:VSAT)

Brevan Howard Capital Management LP acquired a new stake in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 49,833 shares of the communications equipment provider's stock, valued at approximately $424,000.

Other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC increased its stake in shares of Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock valued at $38,000 after buying an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Viasat by 75.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 1,267 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Viasat by 2.9% in the 4th quarter. MetLife Investment Management LLC now owns 72,132 shares of the communications equipment provider's stock valued at $614,000 after buying an additional 2,050 shares during the period. Arizona State Retirement System lifted its stake in shares of Viasat by 10.2% during the fourth quarter. Arizona State Retirement System now owns 25,947 shares of the communications equipment provider's stock valued at $221,000 after acquiring an additional 2,391 shares during the period. Finally, KBC Group NV raised its holdings in Viasat by 107.9% during the 4th quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider's stock worth $46,000 after purchasing an additional 2,830 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VSAT. StockNews.com raised Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Monday, March 24th. William Blair restated a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. Cantor Fitzgerald assumed coverage on shares of Viasat in a report on Friday, January 24th. They set a "neutral" rating and a $12.00 target price on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $19.00 price objective on shares of Viasat in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $14.57.

Viasat Stock Up 1.2%

NASDAQ:VSAT traded up $0.12 on Tuesday, hitting $10.41. 1,808,753 shares of the company's stock were exchanged, compared to its average volume of 2,775,662. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $26.70. The company has a market cap of $1.34 billion, a P/E ratio of -3.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. The firm has a 50-day moving average price of $9.36 and a 200-day moving average price of $9.26.

Viasat 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.