Graham Capital Management L.P. Raises Stock Holdings in Viasat, Inc. (NASDAQ:VSAT)

Graham Capital Management L.P. raised its holdings in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 192.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,999 shares of the communications equipment provider's stock after acquiring an additional 138,152 shares during the quarter. Graham Capital Management L.P. owned approximately 0.16% of Viasat worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Viasat by 75.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after acquiring an additional 1,267 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Viasat during the 4th quarter worth about $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 position in shares of Viasat during the fourth quarter valued at approximately $35,000. Finally, AlphaQuest LLC boosted its position 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 during the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Viasat Stock Up 7.8%

NASDAQ:VSAT traded up $0.82 during trading hours on Thursday, hitting $11.34. The stock had a trading volume of 3,439,286 shares, compared to its average volume of 2,777,167. The company has a market cap of $1.46 billion, a PE ratio of -3.37 and a beta of 1.01. The business has a 50 day simple moving average of $9.39 and a two-hundred day simple moving average of $9.28. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70. 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

VSAT has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $19.00 price target on shares of Viasat in a research note on Monday, February 10th. Cantor Fitzgerald started coverage on shares of Viasat in a report on Friday, January 24th. They set a "neutral" rating and a $12.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Monday, March 24th. Barclays raised their price target 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. Finally, StockNews.com upgraded shares of Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $14.57.

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.