Trexquant Investment LP boosted its position in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 63.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 456,162 shares of the communications equipment provider's stock after acquiring an additional 176,407 shares during the period. Trexquant Investment LP owned 0.36% of Viasat worth $3,882,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in shares of Viasat by 75.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after buying an additional 1,267 shares during the period. National Bank of Canada FI bought a new stake in Viasat in the third quarter valued at approximately $27,000. Venturi Wealth Management LLC acquired a new stake in Viasat in the fourth quarter worth $31,000. New Age Alpha Advisors LLC bought a new position in shares of Viasat during the fourth quarter worth $35,000. Finally, AlphaQuest LLC grew its holdings in shares of Viasat by 39.0% in the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock valued at $38,000 after buying an additional 1,255 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.
Viasat Stock Performance
NASDAQ VSAT traded down $0.63 on Thursday, hitting $8.19. 778,669 shares of the stock traded hands, compared to its average volume of 2,678,077. The business's fifty day moving average is $9.52 and its two-hundred day moving average is $9.64. Viasat, Inc. has a 12 month low of $6.69 and a 12 month high of $26.70. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -2.44 and a beta of 1.06. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80.
Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) EPS for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. As a group, equities analysts anticipate that Viasat, Inc. will post -0.54 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
VSAT has been the topic of several research analyst reports. StockNews.com upgraded shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 price target on shares of Viasat in a research report on Monday, February 10th. William Blair restated a "market perform" rating on shares of Viasat in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Monday, March 24th. Finally, Barclays boosted their target price on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $14.57.
Check Out Our Latest Report on Viasat
Insider Transactions at Viasat
In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the transaction, the insider now owns 4,795,334 shares in the company, valued at $43,158,006. This represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.20% of the company's stock.
About Viasat
(
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.
See Also
Before you consider Viasat, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viasat wasn't on the list.
While Viasat currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
