1 day Ago By Defense World Staff
Norges Bank purchased a new position in shares of Viasat, Inc. (NASDAQ:VSAT – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 16,660 shares of the communications equipment provider’s stock, valued at approximately $142,000.
Other institutional investors and hedge funds have also modified their holdings of the company. National Bank of Canada FI acquired a new stake in Viasat during the 3rd quarter worth $27,000. Steward Partners Investment Advisory LLC boosted its position 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 worth $25,000 after purchasing an additional 1,267 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Viasat during the fourth quarter worth $31,000.
AlphaQuest LLC increased its holdings in Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 1,255 shares during the last quarter.
Finally, KBC Group NV lifted its stake in Viasat by 107.9% in the fourth quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 2,830 shares during the period.
86.05% of the stock is owned by institutional investors. Viasat Trading Up 1.
5 %VSAT opened at $8.38 on Friday. The stock has a market capitalization of $1.
08 billion, a P/E ratio of -2.49 and a beta of 1.06.
The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.
35. Viasat, Inc. has a 12 month low of $6.
69 and a 12 month high of $26.70. The firm’s fifty day simple moving average is $9.
48 and its 200 day simple moving average is $9.58. Viasat (NASDAQ:VSAT – Get Free Report) last released its quarterly earnings results on Thursday, February 6th.
The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.
70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.
37%. As a group, research analysts anticipate that Viasat, Inc. will post -0.
54 EPS for the current fiscal year. Analysts Set New Price TargetsSeveral equities analysts have recently issued reports on VSAT shares. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and set a $15.
00 target price for the company in a research report on Monday, March 24th. Barclays upped their target price on shares of Viasat from $9.00 to $10.
00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 target price on shares of Viasat in a report on Monday, February 10th.
William Blair reissued a “market perform” rating on shares of Viasat in a report on Friday, February 7th. Finally, Cantor Fitzgerald started coverage on Viasat in a research note on Friday, January 24th. They set a “neutral” rating and a $12.
00 price objective on the stock. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.
57.View Our Latest Stock Report on ViasatInsider Buying and Selling at ViasatIn other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat stock in a transaction on Monday, February 10th. The shares were sold at an average price of $9.
00, for a total value of $33,750,000.00. Following the sale, the insider now directly owns 4,795,334 shares in the company, valued at approximately $43,158,006.
The trade was a 43.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Company insiders own 3.20% of the company’s stock. Viasat 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.See AlsoFive stocks we like better than Viasat3 Tickers Leading a Meme Stock RevivalRobinhood Strategies Could Be a Game-Changer for Young InvestorsLow PE Growth Stocks: Unlocking Investment OpportunitiesAre These 3 Retail Stocks Oversold or Really in Trouble?3 Monster Growth Stocks to Buy NowIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are AheadWant to see what other hedge funds are holding VSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viasat, Inc.
(NASDAQ:VSAT – Free Report)..
