Twinbeech Capital LP cut its stake in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 93.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 have also made changes to their positions in VSAT. American Century Companies Inc. increased its position in 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 worth $10,460,000 after buying an additional 256,389 shares during the period. Everett Harris & Co. CA acquired a new stake in shares of Viasat in the 4th quarter worth about $1,111,000. Principal Financial Group Inc. increased its holdings in shares of Viasat by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider's stock worth $3,516,000 after acquiring an additional 12,802 shares during the period. Vanguard Group Inc. lifted its position in Viasat by 1.4% in 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 purchasing an additional 194,006 shares during the last quarter. Finally, Mariner LLC acquired a new position in Viasat during the 4th quarter valued at about $682,000. Institutional investors own 86.05% of the company's stock.
Viasat Trading Up 1.1%
VSAT stock traded up $0.10 during mid-day trading on Tuesday, reaching $9.25. 4,050,056 shares of the stock traded hands, compared to its average volume of 2,802,945. Viasat, Inc. has a 52-week low of $6.69 and a 52-week high of $26.70. The stock's fifty day moving average is $9.48 and its 200-day moving average is $9.28. The company has a market cap of $1.19 billion, a P/E ratio of -2.75 and a beta of 1.01. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. B. Riley decreased their target price on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday. Needham & Company LLC decreased their price objective on shares of Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft raised 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. Morgan Stanley decreased their price target on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Finally, Wall Street Zen raised Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Viasat presently has an average rating of "Hold" and an average target price of $18.88.
Read Our Latest Stock Analysis on Viasat
About Viasat
(
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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