GAMMA Investing LLC Has $2.20 Million Stock Position in Viasat, Inc. (NASDAQ:VSAT)

GAMMA Investing LLC increased its position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 1,951.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,955 shares of the communications equipment provider's stock after acquiring an additional 21,836 shares during the quarter. GAMMA Investing LLC's holdings in Viasat were worth $2,203,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Viasat by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock valued at $117,216,000 after acquiring an additional 194,006 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Viasat by 16.1% during the fourth quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider's stock valued at $42,912,000 after acquiring an additional 700,533 shares during the period. Invesco Ltd. raised its holdings in shares of Viasat by 46.8% during the fourth quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider's stock valued at $17,818,000 after acquiring an additional 667,564 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Viasat by 23.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider's stock valued at $16,063,000 after acquiring an additional 364,072 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Viasat by 149.6% during the fourth quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider's stock valued at $11,618,000 after acquiring an additional 818,301 shares during the period. Institutional investors and hedge funds own 86.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. B. Riley cut 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, May 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Monday, March 24th. William Blair reiterated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Wall Street Zen upgraded shares of Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Barclays upped their price objective on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.88.

Viasat Stock Up 10.5%

Shares of VSAT traded up $1.20 during mid-day trading on Friday, hitting $12.60. 10,893,861 shares of the company's stock were exchanged, compared to its average volume of 3,040,332. The firm has a fifty day moving average of $9.42 and a two-hundred day moving average of $9.44. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $26.70. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -3.75 and a beta of 0.98. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35.

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.