Continuum Advisory LLC Acquires 3,940 Shares of Viasat, Inc. (NASDAQ:VSAT)

Continuum Advisory LLC raised its holdings in Viasat, Inc. (NASDAQ:VSAT) by 25.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,715 shares of the communications equipment provider’s stock after buying an additional 3,940 shares during the period. Continuum Advisory LLC’s holdings in Viasat were worth $168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VSAT. Two Sigma Investments LP raised its stake in Viasat by 538.7% in the fourth quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider’s stock valued at $9,673,000 after buying an additional 958,706 shares during the period. Tenzing Global Management LLC bought a new stake in Viasat in the fourth quarter valued at approximately $7,170,000. Bank of America Corp DE increased its stake in shares of Viasat by 149.6% during the fourth quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider’s stock worth $11,618,000 after purchasing an additional 818,301 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Viasat by 16.1% during the fourth quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider’s stock worth $42,912,000 after purchasing an additional 700,533 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Viasat by 46.8% during the fourth quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider’s stock worth $17,818,000 after purchasing an additional 667,564 shares during the period. Institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VSAT. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Monday, March 24th. Cantor Fitzgerald began coverage on Viasat in a research note on Friday, January 24th. They set a “neutral” rating and a $12.00 target price on the stock. Wall Street Zen upgraded Viasat from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Barclays increased their target price on Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley lowered their target price on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Viasat presently has a consensus rating of “Hold” and a consensus price target of $14.14.

Viasat Trading Up 0.7%

Shares of NASDAQ:VSAT opened at $10.08 on Friday. The company has a market capitalization of $1.30 billion, a P/E ratio of -3.00 and a beta of 1.01. Viasat, Inc. has a 1 year low of $6.69 and a 1 year high of $26.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. The business’s 50 day simple moving average is $9.51 and its 200 day simple moving average is $9.30.

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.