Twinbeech Capital LP decreased its position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 93.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,634 shares of the communications equipment provider's stock after selling 194,279 shares during the quarter. Twinbeech Capital LP's holdings in Viasat were worth $125,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Viasat by 26.4% in the fourth quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider's stock valued at $10,460,000 after purchasing an additional 256,389 shares during the last quarter. Everett Harris & Co. CA acquired a new position in Viasat during the fourth quarter worth $1,111,000. Principal Financial Group Inc. increased its holdings in Viasat by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider's stock worth $3,516,000 after buying an additional 12,802 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Viasat by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock valued at $117,216,000 after purchasing an additional 194,006 shares during the last quarter. Finally, Mariner LLC acquired a new position in shares of Viasat in the fourth quarter valued at $682,000. Institutional investors own 86.05% of the company's stock.
Viasat Trading Down 0.9%
Shares of Viasat stock traded down $0.09 on Thursday, reaching $9.16. 882,250 shares of the company's stock were exchanged, compared to its average volume of 2,797,884. The company has a market capitalization of $1.18 billion, a P/E ratio of -2.72 and a beta of 1.01. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $26.70. The firm's 50-day moving average is $9.46 and its two-hundred day moving average is $9.28. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80.
Wall Street Analysts Forecast Growth
Several research firms have commented on VSAT. William Blair reiterated a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. Barclays upped their price objective on shares of Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Needham & Company LLC cut their price objective on shares of Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Morgan Stanley cut their price objective on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Finally, B. Riley cut their price objective on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $18.88.
Check Out Our Latest 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.
Further Reading
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.
