Quantinno Capital Management LP acquired a new stake in shares of Viasat, Inc. (NASDAQ:VSAT – Get Rating) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,566 shares of the communications equipment provider's stock, valued at approximately $516,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New South Capital Management Inc. lifted its holdings in Viasat by 3.1% during the 1st quarter. New South Capital Management Inc. now owns 2,047,461 shares of the communications equipment provider's stock valued at $99,916,000 after buying an additional 60,919 shares in the last quarter. State Street Corp raised its holdings in shares of Viasat by 5.1% in the 4th quarter. State Street Corp now owns 1,952,186 shares of the communications equipment provider's stock valued at $86,950,000 after purchasing an additional 94,254 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Viasat by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,680,123 shares of the communications equipment provider's stock worth $74,833,000 after purchasing an additional 56,636 shares during the period. Geode Capital Management LLC lifted its position in shares of Viasat by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 969,291 shares of the communications equipment provider's stock worth $43,172,000 after purchasing an additional 27,830 shares during the period. Finally, Cove Street Capital LLC lifted its position in shares of Viasat by 4.6% in the 1st quarter. Cove Street Capital LLC now owns 849,951 shares of the communications equipment provider's stock worth $41,477,000 after purchasing an additional 37,066 shares during the period. Institutional investors own 81.01% of the company's stock.
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Wall Street Analyst Weigh In
Several brokerages have recently weighed in on VSAT. Raymond James lowered their price target on shares of Viasat from $51.00 to $48.00 and set an "outperform" rating for the company in a research report on Tuesday, August 9th. B. Riley reduced their price objective on shares of Viasat from $145.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 31st. StockNews.com upgraded shares of Viasat from a "sell" rating to a "hold" rating in a research note on Wednesday, August 10th. TheStreet lowered shares of Viasat from a "c" rating to a "d" rating in a research note on Wednesday, May 25th. Finally, Needham & Company LLC cut their price target on shares of Viasat from $58.00 to $44.00 and set a "buy" rating on the stock in a research note on Thursday, July 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $56.50.
Viasat Stock Down 5.0 %
NASDAQ:VSAT opened at $35.07 on Friday. The company's fifty day moving average price is $32.82 and its 200-day moving average price is $38.94. Viasat, Inc. has a 1-year low of $25.38 and a 1-year high of $68.76. The firm has a market capitalization of $2.65 billion, a P/E ratio of -48.04 and a beta of 1.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.55 and a quick ratio of 1.06.
Viasat Company Profile
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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; community internet 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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