Voloridge Investment Management LLC cut its stake in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 980,336 shares of the communications equipment provider's stock after selling 386,372 shares during the period. Voloridge Investment Management LLC owned approximately 0.76% of Viasat worth $8,343,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC grew its position in Viasat by 38.9% in the fourth quarter. Inspire Investing LLC now owns 47,484 shares of the communications equipment provider's stock worth $404,000 after acquiring an additional 13,302 shares in the last quarter. KBC Group NV boosted 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 valued at $46,000 after purchasing an additional 2,830 shares in the last quarter. Everett Harris & Co. CA acquired a new position in shares of Viasat in the 4th quarter worth approximately $1,111,000. Caitlin John LLC increased its holdings in Viasat by 274.4% during the 4th quarter. Caitlin John LLC now owns 10,259 shares of the communications equipment provider's stock valued at $87,000 after purchasing an additional 7,519 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Viasat in the 4th quarter valued at $1,801,000. Institutional investors own 86.05% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on VSAT shares. 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 research note on Monday, March 24th. Needham & Company LLC reduced their price target on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. B. Riley dropped their price target on Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Tuesday. Morgan Stanley decreased 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 note on Tuesday, February 4th. Finally, Barclays upped their target price on Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.88.
Read Our Latest Report on Viasat
Viasat Stock Performance
VSAT traded down $0.27 on Friday, reaching $9.01. 880,432 shares of the stock were exchanged, compared to its average volume of 2,815,764. The company's 50-day moving average price is $9.42 and its 200 day moving average price is $9.29. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. The firm has a market capitalization of $1.17 billion, a PE ratio of -2.68 and a beta of 1.01.
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.
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