10,875 Shares in Viasat, Inc. (NASDAQ:VSAT) Purchased by Wexford Capital LP

Wexford Capital LP bought a new position in shares of Viasat, Inc. (NASDAQ:VSAT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,875 shares of the communications equipment provider’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VSAT. Steward Partners Investment Advisory LLC boosted its position in Viasat by 75.3% during the fourth 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 in the last quarter. Venturi Wealth Management LLC purchased a new position in Viasat during the fourth quarter worth approximately $31,000. Sterling Capital Management LLC boosted its position in 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 purchasing an additional 3,546 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Viasat during the fourth quarter worth 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 purchasing an additional 1,255 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Price Performance

NASDAQ:VSAT opened at $10.71 on Tuesday. The stock has a 50 day moving average price of $9.48 and a 200 day moving average price of $9.29. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. The stock has a market cap of $1.38 billion, a PE ratio of -3.19 and a beta of 1.01. Viasat, Inc. has a one year low of $6.69 and a one year high of $26.70.

Analyst Ratings Changes

VSAT has been the topic of several research reports. Morgan Stanley decreased their target price on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Viasat in a research report on Monday, February 10th. Barclays raised their target price on Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. William Blair restated a “market perform” rating on shares of Viasat in a research report on Tuesday, April 15th. Finally, StockNews.com raised Viasat from a “sell” rating to a “hold” rating in a report 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.