Two Sigma Advisers LP Buys 516,700 Shares of Viasat, Inc. (NASDAQ:VSAT)

Two Sigma Advisers LP raised its stake in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 2,262.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 539,534 shares of the communications equipment provider's stock after acquiring an additional 516,700 shares during the quarter. Two Sigma Advisers LP owned about 0.42% of Viasat worth $4,591,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Two Sigma Investments LP lifted its position in shares of Viasat by 538.7% during 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 buying an additional 958,706 shares during the last quarter. Tenzing Global Management LLC acquired a new stake in Viasat in the fourth quarter worth $7,170,000. Teza Capital Management LLC bought a new stake in shares of Viasat during the fourth quarter valued at approximately $100,000. ProShare Advisors LLC raised its holdings in shares of Viasat by 45.8% in the 4th quarter. ProShare Advisors LLC now owns 36,514 shares of the communications equipment provider's stock worth $311,000 after acquiring an additional 11,478 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Viasat by 67.4% during the 4th quarter. Quantinno Capital Management LP now owns 31,253 shares of the communications equipment provider's stock valued at $266,000 after acquiring an additional 12,584 shares in the last quarter. 86.05% of the stock is owned by institutional investors.

Viasat Trading Down 2.7%

Shares of Viasat stock traded down $0.25 during midday trading on Friday, reaching $9.02. 724,219 shares of the company's stock traded hands, compared to its average volume of 2,815,123. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. Viasat, Inc. has a 12 month low of $6.69 and a 12 month high of $26.70. The company has a market cap of $1.18 billion, a PE ratio of -2.69 and a beta of 1.01. The stock has a 50 day moving average of $9.42 and a 200-day moving average of $9.29.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VSAT. Barclays raised their price objective on shares of Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Monday, March 24th. Morgan Stanley lowered their target price on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Wall Street Zen upgraded Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, B. Riley reduced their target price on shares of Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.