Wexford Capital LP Takes Position in Viasat, Inc. (NASDAQ:VSAT)

Wexford Capital LP acquired a new stake in Viasat, Inc. (NASDAQ:VSAT) in the fourth quarter, Holdings Channel.com reports. The fund acquired 10,875 shares of the communications equipment provider’s stock, valued at approximately $93,000.

A number of other institutional investors have also modified their holdings of the company. AlphaQuest LLC boosted its holdings in Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 1,255 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Viasat by 75.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,267 shares during the period. MetLife Investment Management LLC boosted its holdings in Viasat by 2.9% in the fourth quarter. MetLife Investment Management LLC now owns 72,132 shares of the communications equipment provider’s stock valued at $614,000 after purchasing an additional 2,050 shares during the period. Arizona State Retirement System boosted its holdings in Viasat by 10.2% in the fourth quarter. Arizona State Retirement System now owns 25,947 shares of the communications equipment provider’s stock valued at $221,000 after purchasing an additional 2,391 shares during the period. Finally, KBC Group NV boosted its holdings in Viasat by 107.9% in the fourth quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 2,830 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Stock Down 1.9%

Viasat stock opened at $10.71 on Tuesday. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. 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 company has a market capitalization of $1.38 billion, a P/E ratio of -3.19 and a beta of 1.01. The stock has a 50-day simple moving average of $9.48 and a 200-day simple moving average of $9.29.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, March 24th. Morgan Stanley decreased their target price on Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Cantor Fitzgerald initiated coverage on Viasat in a report on Friday, January 24th. They set a “neutral” rating and a $12.00 price target for the company. Barclays lifted their price target on Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of Viasat in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Viasat has an average rating of “Hold” and an average price target of $14.57.

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.