Cerity Partners LLC purchased a new stake in Viasat Inc. (NASDAQ:VSAT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,539 shares of the communications equipment provider's stock, valued at approximately $204,000.
Several other large investors have also added to or reduced their stakes in the business. Sterling Capital Management LLC grew 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 buying an additional 3,546 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Viasat in the 4th quarter valued at approximately $35,000. Federated Hermes Inc. purchased a new position in Viasat in the 4th quarter valued at approximately $42,000. Wexford Capital LP purchased a new position in Viasat in the 4th quarter valued at approximately $93,000. Finally, Teza Capital Management LLC purchased a new position in shares of Viasat during the 4th quarter valued at $100,000. Institutional investors own 86.05% of the company's stock.
Viasat Trading Up 2.8%
Shares of NASDAQ VSAT traded up $0.47 during midday trading on Friday, reaching $16.90. The company had a trading volume of 2,130,392 shares, compared to its average volume of 3,406,074. Viasat Inc. has a one year low of $6.69 and a one year high of $26.70. The company has a quick ratio of 1.55, a current ratio of 1.72 and a debt-to-equity ratio of 1.41. The firm's fifty day moving average price is $13.17 and its 200-day moving average price is $10.76. The stock has a market cap of $2.27 billion, a PE ratio of -3.80 and a beta of 1.17.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. William Blair restated a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. B. Riley cut their target price on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Finally, Needham & Company LLC cut their target price on shares of Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Viasat currently has a consensus rating of "Hold" and a consensus price target of $19.00.
View Our Latest Research Report on VSAT
About Viasat
(
Free Report)
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.
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