Brevan Howard Capital Management LP Makes New Investment in Viasat, Inc. (NASDAQ:VSAT)

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

A number of other large investors have also recently made changes to their positions in VSAT. Steward Partners Investment Advisory LLC lifted its position in Viasat by 75.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after acquiring an additional 1,267 shares during the period. Venturi Wealth Management LLC purchased a new position in Viasat in the 4th quarter valued at approximately $31,000. Sterling Capital Management LLC increased its stake in Viasat by 850.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after purchasing an additional 3,546 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Viasat during the fourth quarter worth $35,000. Finally, AlphaQuest LLC increased its position in Viasat by 39.0% during the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock worth $38,000 after buying an additional 1,255 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Price Performance

Shares of NASDAQ:VSAT traded up $0.77 on Thursday, reaching $11.29. 1,687,828 shares of the company traded hands, compared to its average volume of 2,770,625. The company's 50 day moving average is $9.39 and its 200-day moving average is $9.28. 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 fifty-two week low of $6.69 and a fifty-two week high of $26.70. The stock has a market capitalization of $1.46 billion, a PE ratio of -3.40 and a beta of 1.01.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Barclays lifted their target price on Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Monday, March 24th. Morgan Stanley reduced their target price on Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $19.00 target price on shares of Viasat in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.57.

About Viasat

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.