Viasat Inc. $VSAT Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Viasat Inc. (NASDAQ:VSAT) by 797.5% during the 4th quarter, HoldingsChannel reports. The firm owned 117,019 shares of the communications equipment provider’s stock after acquiring an additional 103,981 shares during the quarter. SG Americas Securities LLC’s holdings in Viasat were worth $4,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of VSAT. Vanguard Group Inc. boosted its position in shares of Viasat by 8.2% in the third quarter. Vanguard Group Inc. now owns 16,962,958 shares of the communications equipment provider’s stock worth $497,015,000 after buying an additional 1,289,024 shares during the period. OCO Capital Partners L.P. lifted its position in Viasat by 60.0% during the 2nd quarter. OCO Capital Partners L.P. now owns 6,000,000 shares of the communications equipment provider’s stock worth $87,600,000 after acquiring an additional 2,250,000 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Viasat by 15.8% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock worth $85,338,000 after acquiring an additional 796,349 shares during the period. American Century Companies Inc. boosted its holdings in Viasat by 38.5% in the 3rd quarter. American Century Companies Inc. now owns 3,713,581 shares of the communications equipment provider’s stock worth $108,808,000 after acquiring an additional 1,033,194 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Viasat by 43.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,307,187 shares of the communications equipment provider’s stock valued at $96,890,000 after acquiring an additional 1,002,737 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Price Performance

VSAT stock opened at $53.69 on Friday. The stock’s 50 day moving average is $46.22 and its two-hundred day moving average is $39.32. Viasat Inc. has a 52-week low of $7.36 and a 52-week high of $53.98. The company has a market capitalization of $7.29 billion, a PE ratio of -20.73 and a beta of 1.45. The company has a quick ratio of 1.90, a current ratio of 2.13 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling at Viasat

In other Viasat news, SVP Robert James Blair sold 30,411 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $47.04, for a total transaction of $1,430,533.44. Following the transaction, the senior vice president directly owned 38,108 shares in the company, valued at $1,792,600.32. This represents a 44.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Craig Andrew Miller sold 5,260 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $50.00, for a total transaction of $263,000.00. Following the transaction, the senior vice president owned 21,252 shares in the company, valued at $1,062,600. This trade represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 140,881 shares of company stock valued at $5,973,317. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VSAT. William Blair reiterated an “outperform” rating on shares of Viasat in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a report on Wednesday, January 21st. Needham & Company LLC lifted their price target on shares of Viasat from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, March 27th. Morgan Stanley set a $51.00 price objective on shares of Viasat in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Viasat from a “hold” rating to a “buy” rating and upped their price objective for the company from $36.00 to $48.00 in a research report on Friday, February 6th. Six analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Viasat currently has an average rating of “Moderate Buy” and an average price target of $47.71.

Viasat Company Profile

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.