SG Americas Securities LLC Takes $281,000 Position in Viasat Inc. (NASDAQ:VSAT)

SG Americas Securities LLC purchased a new position in Viasat Inc. (NASDAQ:VSAT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,005 shares of the communications equipment provider's stock, valued at approximately $281,000.

Several other institutional investors also recently added to or reduced their stakes in VSAT. Steward Partners Investment Advisory LLC boosted its position in Viasat by 75.3% in the 4th 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 boosted its holdings in shares of Viasat by 850.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after purchasing an additional 3,546 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Viasat in the fourth quarter valued at approximately $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 in the last quarter. Finally, Federated Hermes Inc. purchased a new position in Viasat during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 86.05% of the company's stock.

Wall Street Analysts Forecast Growth

VSAT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Wall Street Zen raised shares of Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. B. Riley cut their target price on shares of Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. William Blair reaffirmed a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Finally, Needham & Company LLC dropped their price objective on shares of Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $19.00.

Viasat Stock Performance

Shares of NASDAQ:VSAT remained flat at $14.60 during trading on Monday. 2,138,272 shares of the stock were exchanged, compared to its average volume of 3,034,450. The stock has a 50 day moving average of $10.56 and a 200-day moving average of $9.76. 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 twelve month low of $6.69 and a twelve month high of $26.70. The firm has a market cap of $1.90 billion, a P/E ratio of -3.28 and a beta of 0.99.

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.