Two Sigma Investments LP Raises Position in Viasat, Inc. (NASDAQ:VSAT)

Two Sigma Investments LP boosted its holdings in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 538.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,136,675 shares of the communications equipment provider's stock after buying an additional 958,706 shares during the quarter. Two Sigma Investments LP owned 0.89% of Viasat worth $9,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VSAT. Steward Partners Investment Advisory LLC lifted its holdings in shares of Viasat by 75.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 1,267 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Viasat in the fourth quarter valued at approximately $31,000. Sterling Capital Management LLC grew its holdings in shares of Viasat by 850.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock worth $34,000 after buying an additional 3,546 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Viasat in the 4th quarter valued at $35,000. Finally, AlphaQuest LLC grew its position in Viasat by 39.0% in 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 during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Monday, March 24th. B. Riley cut their target price on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research report on Tuesday. William Blair restated a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. Finally, Barclays lifted their target price on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Viasat has a consensus rating of "Hold" and an average price target of $18.88.

Viasat Trading Down 2.7%

Shares of VSAT traded down $0.25 during mid-day trading on Friday, hitting $9.02. The company had a trading volume of 724,219 shares, compared to its average volume of 2,815,123. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The business's 50-day simple moving average is $9.42 and its 200-day simple moving average is $9.29. The stock has a market cap of $1.18 billion, a PE ratio of -2.69 and a beta of 1.01.

About Viasat

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.