Viasat, Inc. (NASDAQ:VSAT) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its position in Viasat, Inc. (NASDAQ:VSAT) by 78.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,154 shares of the communications equipment provider’s stock after selling 656,873 shares during the quarter. Millennium Management LLC owned 0.14% of Viasat worth $1,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV increased its holdings in Viasat by 107.9% during the 4th quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 2,830 shares in the last quarter. Caitlin John LLC lifted its holdings in shares of Viasat by 274.4% in the fourth quarter. Caitlin John LLC now owns 10,259 shares of the communications equipment provider’s stock valued at $87,000 after purchasing an additional 7,519 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Viasat in the fourth quarter valued at approximately $1,801,000. Cambiar Investors LLC purchased a new position in shares of Viasat during the 4th quarter worth approximately $123,000. Finally, Van ECK Associates Corp increased its stake in shares of Viasat by 264.7% during the 4th quarter. Van ECK Associates Corp now owns 104,708 shares of the communications equipment provider’s stock worth $891,000 after purchasing an additional 75,997 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 $8.89 on Wednesday. The company has a market cap of $1.16 billion, a PE ratio of -2.65 and a beta of 0.99. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. The stock has a 50-day moving average price of $9.27 and a two-hundred day moving average price of $9.32. Viasat, Inc. has a 12-month low of $6.69 and a 12-month high of $26.70.

Wall Street Analysts Forecast Growth

VSAT has been the topic of a number of analyst reports. B. Riley lowered their target price on Viasat from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, May 27th. William Blair reiterated a “market perform” rating on shares of Viasat in a research report on Tuesday, April 15th. Morgan Stanley reduced their target price on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Needham & Company LLC dropped their target price on Viasat from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Viasat from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.88.

Viasat 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.