Nuveen Asset Management LLC Has $15.10 Million Stake in Viasat, Inc. (NASDAQ:VSAT)

Nuveen Asset Management LLC decreased its position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 8.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,774,426 shares of the communications equipment provider's stock after selling 170,155 shares during the period. Nuveen Asset Management LLC owned about 1.38% of Viasat worth $15,100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Inspire Investing LLC lifted its position in Viasat by 38.9% in the 4th quarter. Inspire Investing LLC now owns 47,484 shares of the communications equipment provider's stock valued at $404,000 after acquiring an additional 13,302 shares in the last quarter. KBC Group NV raised its holdings in Viasat by 107.9% in the 4th quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider's stock worth $46,000 after purchasing an additional 2,830 shares during the period. Everett Harris & Co. CA bought a new position in Viasat in the 4th quarter worth $1,111,000. Caitlin John LLC raised its holdings in Viasat by 274.4% during the fourth quarter. Caitlin John LLC now owns 10,259 shares of the communications equipment provider's stock valued at $87,000 after acquiring an additional 7,519 shares during the period. Finally, Empowered Funds LLC bought a new stake in Viasat during the fourth quarter valued at about $1,801,000. Hedge funds and other institutional investors own 86.05% of the company's stock.

Viasat Stock Down 0.4%

NASDAQ:VSAT traded down $0.04 during midday trading on Thursday, hitting $9.20. 1,628,189 shares of the company were exchanged, compared to its average volume of 2,800,816. The company has a fifty day simple moving average of $9.46 and a 200 day simple moving average of $9.28. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $1.19 billion, a PE ratio of -2.74 and a beta of 1.01.

Analyst Upgrades and Downgrades

VSAT has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective 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. Wall Street Zen raised shares of Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Monday, March 24th. Barclays upped their price target on Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Finally, B. Riley reduced their price target on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research report on Tuesday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.88.

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.