FourThought Financial Partners LLC Makes New $355,000 Investment in Viasat Inc. $VSAT

FourThought Financial Partners LLC bought a new position in shares of Viasat Inc. (NASDAQ:VSATFree Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 10,314 shares of the communications equipment provider’s stock, valued at approximately $355,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in Viasat by 6,815.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 886 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Viasat during the 4th quarter worth about $36,000. Danske Bank A S acquired a new position in Viasat during the 4th quarter worth about $47,000. Activest Wealth Management acquired a new position in Viasat during the 3rd quarter worth about $44,000. Finally, Larson Financial Group LLC lifted its holdings in Viasat by 7,380.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock worth $66,000 after buying an additional 2,214 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Benjamin Edward Palmer sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.21, for a total transaction of $110,904.00. Following the transaction, the senior vice president directly owned 25,431 shares of the company’s stock, valued at approximately $1,175,166.51. This represents a 8.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert James Blair sold 30,411 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $47.04, for a total value of $1,430,533.44. Following the transaction, the senior vice president directly owned 38,108 shares in the company, valued at approximately $1,792,600.32. This trade represents a 44.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,071 shares of company stock valued at $1,804,437. 2.20% of the stock is owned by company insiders.

Viasat Stock Up 5.4%

Shares of NASDAQ:VSAT opened at $74.56 on Friday. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of -28.79 and a beta of 1.66. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.90. The business’s 50-day moving average is $58.79 and its 200-day moving average is $46.52. Viasat Inc. has a 1 year low of $8.61 and a 1 year high of $77.76.

Analysts Set New Price Targets

Several research analysts have commented on VSAT shares. Needham & Company LLC lifted their target price on Viasat from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 27th. B. Riley Financial boosted their price objective on Viasat from $52.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $48.00 in a research note on Friday, February 6th. Raymond James Financial set a $74.00 price objective on Viasat and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, New Street Research initiated coverage on Viasat in a research note on Wednesday, May 13th. They issued a “buy” rating and a $100.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.50.

Get Our Latest Research Report on VSAT

About Viasat

(Free Report)

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.

See Also

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:VSATFree Report).

Institutional Ownership by Quarter for Viasat (NASDAQ:VSAT)

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