Bank of America Corp DE Has $11.62 Million Stock Holdings in Viasat, Inc. (NASDAQ:VSAT)

Bank of America Corp DE grew its stake in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 149.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,365,194 shares of the communications equipment provider's stock after purchasing an additional 818,301 shares during the quarter. Bank of America Corp DE owned about 1.06% of Viasat worth $11,618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VSAT. American Century Companies Inc. increased its holdings in Viasat by 26.4% during the fourth quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider's stock worth $10,460,000 after buying an additional 256,389 shares during the last quarter. Everett Harris & Co. CA acquired a new position in shares of Viasat during the 4th quarter worth about $1,111,000. Principal Financial Group Inc. lifted its stake in Viasat by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider's stock valued at $3,516,000 after purchasing an additional 12,802 shares during the last quarter. Vanguard Group Inc. grew its holdings in Viasat by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock worth $117,216,000 after purchasing an additional 194,006 shares during the period. Finally, Mariner LLC acquired a new position in Viasat during the fourth quarter worth approximately $682,000. Institutional investors own 86.05% of the company's stock.

Viasat Stock Performance

Shares of VSAT traded down $0.24 during mid-day trading on Wednesday, hitting $9.01. 403,899 shares of the company's stock were exchanged, compared to its average volume of 2,794,090. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -2.68 and a beta of 1.01. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $26.70. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The stock's 50-day simple moving average is $9.47 and its 200-day simple moving average is $9.28.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VSAT. Needham & Company LLC reduced their target price on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft raised 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 reissued a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Wall Street Zen raised shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, B. Riley lowered their price target on shares of Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.88.

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.