SG Americas Securities LLC bought a new position in shares of Viasat Inc. (NASDAQ:VSAT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,005 shares of the communications equipment provider's stock, valued at approximately $281,000.
Several other hedge funds and other institutional investors have also bought and sold shares of VSAT. Two Sigma Investments LP raised its position in shares of Viasat by 538.7% in the 4th quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider's stock worth $9,673,000 after acquiring an additional 958,706 shares in the last quarter. Tenzing Global Management LLC acquired a new stake in Viasat during the fourth quarter worth approximately $7,170,000. Bank of America Corp DE increased its holdings in Viasat by 149.6% in the fourth quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider's stock worth $11,618,000 after purchasing an additional 818,301 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Viasat by 16.1% in the fourth quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider's stock valued at $42,912,000 after buying an additional 700,533 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Viasat by 46.8% during the 4th quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider's stock worth $17,818,000 after buying an additional 667,564 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.
Analyst Ratings Changes
Several analysts have recently commented on the stock. William Blair reaffirmed a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. B. Riley dropped their price objective on shares of Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Needham & Company LLC reduced their target price on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Six investment 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 company presently has a consensus rating of "Hold" and a consensus price target of $19.00.
View Our Latest Research Report on VSAT
Viasat Trading Down 0.3%
NASDAQ:VSAT opened at $14.36 on Friday. The company has a market cap of $1.87 billion, a PE ratio of -3.23 and a beta of 0.98. Viasat Inc. has a one year low of $6.69 and a one year high of $26.70. The firm has a 50-day moving average of $10.32 and a 200-day moving average of $9.68. 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 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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