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Mitsubishi UFJ Asset Management Co. Ltd. Has $2.22 Million Position in Viasat Inc. (NASDAQ:VSAT)

Viasat logo with Computer and Technology background

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Viasat Inc. (NASDAQ:VSAT - Free Report) by 41.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,284 shares of the communications equipment provider's stock after acquiring an additional 62,759 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Viasat worth $2,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mariner LLC bought a new position in shares of Viasat in the 4th quarter valued at about $682,000. Federated Hermes Inc. acquired a new stake in shares of Viasat during the 4th quarter worth about $42,000. GAMMA Investing LLC lifted its stake in shares of Viasat by 1,951.4% during the 1st quarter. GAMMA Investing LLC now owns 22,955 shares of the communications equipment provider's stock worth $2,203,000 after buying an additional 21,836 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Viasat by 43.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 149,070 shares of the communications equipment provider's stock worth $1,269,000 after buying an additional 44,804 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake 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 buying an additional 818,301 shares during the last quarter. Institutional investors own 86.05% of the company's stock.

Viasat Trading Down 0.5%

Shares of NASDAQ:VSAT traded down $0.14 during trading on Thursday, reaching $27.35. The stock had a trading volume of 3,988,478 shares, compared to its average volume of 4,445,537. The firm's fifty day moving average is $16.23 and its 200 day moving average is $11.77. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.87 and a current ratio of 2.11. Viasat Inc. has a 52 week low of $6.69 and a 52 week high of $28.59. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of -5.92 and a beta of 1.20.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.17 EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.32. Viasat had a negative net margin of 13.11% and a negative return on equity of 6.37%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm posted $0.30 EPS. The company's quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts forecast that Viasat Inc. will post -0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VSAT shares. B. Riley cut their target price on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of Viasat from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. William Blair raised shares of Viasat from a "market perform" rating to an "outperform" rating in a report on Monday, August 4th. Needham & Company LLC raised their target price on shares of Viasat from $16.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Viasat in a report on Thursday, August 7th. Six research 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 stock has a consensus rating of "Hold" and a consensus target price of $21.13.

View Our Latest Stock Report on VSAT

Viasat Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Viasat (NASDAQ:VSAT)

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