Rhumbline Advisers Has $3.18 Million Stock Position in Viasat, Inc. (NASDAQ:VSAT)

Rhumbline Advisers reduced its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 305,287 shares of the communications equipment provider’s stock after selling 14,184 shares during the quarter. Rhumbline Advisers owned 0.24% of Viasat worth $3,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Viasat by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider’s stock worth $117,216,000 after buying an additional 194,006 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Viasat by 16.1% during the 4th quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider’s stock worth $42,912,000 after buying an additional 700,533 shares during the last quarter. Invesco Ltd. lifted its position in shares of Viasat by 46.8% during the 4th quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider’s stock worth $17,818,000 after buying an additional 667,564 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Viasat by 23.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider’s stock worth $16,063,000 after buying an additional 364,072 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Viasat by 149.6% during the 4th quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider’s stock worth $11,618,000 after buying an additional 818,301 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VSAT. William Blair restated a “market perform” rating on shares of Viasat in a research report on Tuesday, April 15th. B. Riley dropped their target price on Viasat from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, May 27th. Barclays increased their target price on Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Wall Street Zen upgraded Viasat from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, 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 report on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.88.

Viasat Trading Up 10.5%

Shares of VSAT stock opened at $12.60 on Monday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -3.75 and a beta of 0.98. The stock has a 50-day moving average of $9.42 and a 200-day moving average of $9.43. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70.

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.