Northern Trust Corp boosted its holdings in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,110,945 shares of the communications equipment provider's stock after acquiring an additional 64,361 shares during the period. Northern Trust Corp owned 0.87% of Viasat worth $9,454,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Viasat by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock valued at $117,216,000 after acquiring an additional 194,006 shares in the last quarter. Neuberger Berman Group LLC grew its stake in 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 valued at $42,912,000 after acquiring an additional 700,533 shares in the last quarter. Invesco Ltd. grew its stake in Viasat by 46.8% during the 4th quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider's stock valued at $17,818,000 after acquiring an additional 667,564 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Viasat by 23.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider's stock valued at $16,063,000 after acquiring an additional 364,072 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Viasat by 26.4% during the 4th quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider's stock valued at $10,460,000 after acquiring an additional 256,389 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.
Viasat Trading Down 9.2%
Shares of VSAT stock traded down $0.93 during trading hours on Friday, hitting $9.15. The company had a trading volume of 4,066,576 shares, compared to its average volume of 2,798,967. The company's fifty day moving average is $9.49 and its 200 day moving average is $9.29. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The stock has a market capitalization of $1.18 billion, a PE ratio of -2.72 and a beta of 1.01.
Analyst Ratings Changes
Several research firms have weighed in on VSAT. Wall Street Zen upgraded shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. 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. Needham & Company LLC decreased their target price on shares of Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday. Cantor Fitzgerald began coverage on shares of Viasat in a report on Friday, January 24th. They issued a "neutral" rating and a $12.00 target price on the stock. Finally, Morgan Stanley decreased their target price on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.14.
Check Out Our Latest Analysis 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.
Featured Articles
Before you consider Viasat, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viasat wasn't on the list.
While Viasat currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
