GAMMA Investing LLC Has $2.20 Million Stake 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 the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,955 shares of the communications equipment provider's stock after purchasing an additional 21,836 shares during the period. GAMMA Investing LLC's holdings in Viasat were worth $2,203,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC increased its holdings 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 valued at $25,000 after buying an additional 1,267 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Viasat during the 4th quarter valued at about $31,000. Sterling Capital Management LLC boosted its position in shares of Viasat by 850.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after acquiring an additional 3,546 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Viasat in the fourth quarter valued at about $35,000. Finally, AlphaQuest LLC raised its position in Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock worth $38,000 after purchasing an additional 1,255 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. B. Riley lowered their price objective on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Barclays boosted their price target on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. William Blair reiterated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised their price target on Viasat from $14.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Needham & Company LLC reduced their price objective on Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Viasat has a consensus rating of "Hold" and a consensus target price of $19.00.

Viasat Trading Up 0.5%

Shares of VSAT stock traded up $0.07 on Tuesday, reaching $13.16. 3,378,901 shares of the stock were exchanged, compared to its average volume of 3,057,952. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.72 and a quick ratio of 1.55. Viasat Inc. has a one year low of $6.69 and a one year high of $26.70. The stock has a market cap of $1.72 billion, a PE ratio of -2.96 and a beta of 0.98. The stock has a 50 day moving average price of $9.62 and a 200 day moving average price of $9.49.

Viasat Company 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.