Lee Danner & Bass Inc. Decreases Stock Position in Viasat Inc. (NASDAQ:VSAT)

Lee Danner & Bass Inc. cut its holdings in shares of Viasat Inc. (NASDAQ:VSAT - Free Report) by 14.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 194,000 shares of the communications equipment provider's stock after selling 32,500 shares during the period. Lee Danner & Bass Inc. owned 0.15% of Viasat worth $2,021,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased 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 valued at $25,000 after buying an additional 1,267 shares during the period. Sterling Capital Management LLC grew its stake in Viasat by 850.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock worth $34,000 after purchasing an additional 3,546 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Viasat in the fourth quarter worth $35,000. AlphaQuest LLC grew its stake 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 during the period. Finally, Federated Hermes Inc. purchased a new stake in shares of Viasat in the fourth quarter worth $42,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VSAT shares. Needham & Company LLC cut their target price on Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Viasat from $14.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. William Blair reaffirmed a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. Finally, B. Riley lowered their price target on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $19.00.

Viasat Trading Down 2.6%

NASDAQ:VSAT traded down $0.42 during midday trading on Wednesday, hitting $15.50. 1,579,491 shares of the company traded hands, compared to its average volume of 3,052,680. The firm's fifty day moving average is $11.39 and its 200-day moving average is $10.04. Viasat Inc. has a 12-month low of $6.69 and a 12-month high of $26.70. The firm has a market capitalization of $2.02 billion, a P/E ratio of -3.48 and a beta of 1.17. The company has a current ratio of 1.72, a quick ratio of 1.55 and a debt-to-equity ratio of 1.41.

About Viasat

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.