IMA Wealth Inc. lowered its stake in shares of Viasat, Inc. (NASDAQ:VSAT – Free Report) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,919 shares of the communications equipment provider’s stock after selling 9,307 shares during the period. IMA Wealth Inc.’s holdings in Viasat were worth $1,172,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Viasat by 40.3% during the 3rd quarter. Vanguard Group Inc. now owns 11,897,337 shares of the communications equipment provider’s stock valued at $219,625,000 after acquiring an additional 3,417,316 shares in the last quarter. Invesco Ltd. boosted its holdings in Viasat by 68.0% in the 3rd quarter. Invesco Ltd. now owns 1,133,429 shares of the communications equipment provider’s stock valued at $20,923,000 after purchasing an additional 458,959 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Viasat by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,096 shares of the communications equipment provider’s stock valued at $14,807,000 after purchasing an additional 50,252 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Viasat by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 672,639 shares of the communications equipment provider’s stock valued at $12,417,000 after purchasing an additional 34,037 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Viasat by 37.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 390,310 shares of the communications equipment provider’s stock valued at $10,909,000 after purchasing an additional 107,006 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.
Viasat Trading Up 4.4 %
Shares of VSAT stock traded up $0.68 during trading hours on Friday, hitting $16.01. The company had a trading volume of 1,091,639 shares, compared to its average volume of 1,076,870. The company’s fifty day moving average is $17.64 and its 200 day moving average is $20.57. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.71 and a quick ratio of 2.46. Viasat, Inc. has a fifty-two week low of $15.02 and a fifty-two week high of $47.35. The stock has a market capitalization of $2.01 billion, a PE ratio of 2.11 and a beta of 1.33.
Wall Street Analysts Forecast Growth
Separately, Barclays decreased their target price on shares of Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.17.
Check Out Our Latest Analysis on VSAT
About Viasat
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
- Five stocks we like better than Viasat
- When to Sell a Stock for Profit or Loss
- MarketBeat Week in Review – 4/22 – 4/26
- Basic Materials Stocks Investing
- 3 Stocks Leading the U.S. Agriculture Comeback
- 3 Stocks to Consider Buying in October
- How to Use Put Debit Spreads to Profit From Falling Stocks
Want 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).
Receive News & Ratings for Viasat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viasat and related companies with MarketBeat.com's FREE daily email newsletter.