Suntrust Banks Inc. Acquires Shares of 3,631 ViaSat, Inc. (VSAT)
Suntrust Banks Inc. acquired a new position in shares of ViaSat, Inc. (NASDAQ:VSAT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,631 shares of the communications equipment provider’s stock, valued at approximately $271,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swift Run Capital Management LLC purchased a new stake in ViaSat during the fourth quarter worth about $204,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in ViaSat by 54.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock worth $210,000 after buying an additional 987 shares during the last quarter. Iberiabank Corp purchased a new stake in ViaSat during the fourth quarter worth about $225,000. Parametrica Management Ltd purchased a new stake in ViaSat during the fourth quarter worth about $328,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in ViaSat during the third quarter worth about $283,000. Institutional investors and hedge funds own 99.42% of the company’s stock.
ViaSat, Inc. (VSAT) opened at $73.86 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.68 and a quick ratio of 1.21. ViaSat, Inc. has a 1 year low of $57.75 and a 1 year high of $80.26. The company has a market cap of $4,350.00, a P/E ratio of -150.73 and a beta of 0.84.
In other news, insider Keven K. Lippert sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $72.13, for a total value of $129,834.00. Following the completion of the transaction, the insider now directly owns 170 shares in the company, valued at $12,262.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $69.86, for a total transaction of $48,902.00. Following the completion of the transaction, the director now owns 10,300 shares of the company’s stock, valued at $719,558. The disclosure for this sale can be found here. Insiders sold 3,300 shares of company stock valued at $238,624 over the last 90 days. 7.70% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of ViaSat from a “hold” rating to a “strong-buy” rating and set a $75.00 target price for the company in a research note on Monday, November 13th. Royal Bank of Canada reiterated an “underperform” rating and issued a $46.00 target price (down previously from $48.00) on shares of ViaSat in a research note on Tuesday, November 21st. BidaskClub downgraded shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Morgan Stanley assumed coverage on shares of ViaSat in a research note on Friday, December 15th. They issued an “equal weight” rating and a $78.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of ViaSat from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $74.20.
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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