UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Viasat, Inc. (NASDAQ:VSAT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 43.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,070 shares of the communications equipment provider's stock after acquiring an additional 44,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Viasat worth $1,269,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VSAT. AlphaQuest LLC boosted its stake in Viasat by 39.0% during the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock worth $38,000 after acquiring an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 1,267 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Viasat by 2.9% in the 4th quarter. MetLife Investment Management LLC now owns 72,132 shares of the communications equipment provider's stock worth $614,000 after purchasing an additional 2,050 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Viasat by 10.2% in the 4th quarter. Arizona State Retirement System now owns 25,947 shares of the communications equipment provider's stock worth $221,000 after purchasing an additional 2,391 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Viasat by 107.9% in the 4th quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider's stock worth $46,000 after buying an additional 2,830 shares during the last quarter. Institutional investors own 86.05% of the company's stock.

Viasat Stock Performance

VSAT stock traded up $0.32 on Thursday, hitting $11.30. The company had a trading volume of 2,447,392 shares, compared to its average volume of 2,988,514. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. Viasat, Inc. has a 12-month low of $6.69 and a 12-month high of $26.70. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -3.36 and a beta of 0.98. The stock's 50-day simple moving average is $9.26 and its 200 day simple moving average is $9.40.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. B. Riley lowered their price objective on Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Barclays lifted their price target on Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. William Blair reissued a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a report on Monday, March 24th. Finally, Wall Street Zen upgraded shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. 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, the company has an average rating of "Hold" and an average target price of $18.88.

Viasat 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.