Hi Line Capital Management LLC Acquires 55,623 Shares of Viasat Inc. (NASDAQ:VSAT)

Hi Line Capital Management LLC boosted its holdings in Viasat Inc. (NASDAQ:VSAT - Free Report) by 26.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,197 shares of the communications equipment provider's stock after purchasing an additional 55,623 shares during the quarter. Viasat accounts for about 1.0% of Hi Line Capital Management LLC's portfolio, making the stock its 28th largest holding. Hi Line Capital Management LLC owned approximately 0.21% of Viasat worth $2,784,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP boosted its stake in shares of Viasat by 538.7% in the fourth quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider's stock valued at $9,673,000 after buying an additional 958,706 shares during the period. Tenzing Global Management LLC bought a new stake in shares of Viasat during the 4th quarter valued at $7,170,000. Bank of America Corp DE grew its holdings in shares of Viasat by 149.6% during the 4th quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider's stock worth $11,618,000 after purchasing an additional 818,301 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Viasat by 16.1% during the 4th quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider's stock worth $42,912,000 after purchasing an additional 700,533 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Viasat by 46.8% in the fourth quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider's stock worth $17,818,000 after purchasing an additional 667,564 shares during the period. Institutional investors own 86.05% of the company's stock.

Wall Street Analyst Weigh In

VSAT has been the subject of several recent analyst reports. Needham & Company LLC cut their price objective 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. William Blair reaffirmed a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. B. Riley decreased their price objective on shares of Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Viasat from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, Barclays raised their target price on Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $19.00.

Viasat Price Performance

Shares of NASDAQ:VSAT opened at $12.83 on Tuesday. The firm has a 50 day simple moving average of $9.99 and a 200 day simple moving average of $9.59. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -2.88 and a beta of 0.99. 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.

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.

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