Helium Advisors LLC Makes New $326,000 Investment in Viasat, Inc. (NASDAQ:VSAT)

Helium Advisors LLC purchased a new position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,291 shares of the communications equipment provider's stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in shares of Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after buying an additional 1,267 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Viasat during the fourth quarter worth approximately $31,000. Sterling Capital Management LLC raised its stake in shares of Viasat by 850.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock worth $34,000 after buying an additional 3,546 shares during 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 increased its holdings in Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 1,255 shares during the last quarter. 86.05% of the stock is owned by institutional investors.

Viasat Stock Performance

Shares of VSAT stock opened at $10.08 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $26.70. The company's 50 day moving average price is $9.51 and its two-hundred day moving average price is $9.30. The company has a market capitalization of $1.30 billion, a P/E ratio of -3.00 and a beta of 1.01.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VSAT shares. Morgan Stanley decreased their target price on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Needham & Company LLC reduced their price objective on shares of Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday. Barclays boosted their price objective on shares of 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 shares of 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. Finally, Cantor Fitzgerald initiated coverage on shares of Viasat in a research report on Friday, January 24th. They set a "neutral" rating and a $12.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $14.14.

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.

Want to see what other hedge funds are holding VSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viasat, Inc. (NASDAQ:VSAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.