Twinbeech Capital LP Sells 194,279 Shares of Viasat, Inc. (NASDAQ:VSAT)

Twinbeech Capital LP lowered its stake in Viasat, Inc. (NASDAQ:VSAT) by 93.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,634 shares of the communications equipment provider’s stock after selling 194,279 shares during the quarter. Twinbeech Capital LP’s holdings in Viasat were worth $125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Viasat by 26.4% in the 4th quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider’s stock worth $10,460,000 after buying an additional 256,389 shares during the last quarter. Everett Harris & Co. CA purchased a new stake in shares of Viasat in the 4th quarter worth approximately $1,111,000. Principal Financial Group Inc. grew its stake in shares of Viasat by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider’s stock worth $3,516,000 after buying an additional 12,802 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Viasat by 1.4% in 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. Finally, Mariner LLC purchased a new stake in shares of Viasat in the 4th quarter worth approximately $682,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, March 24th. William Blair reiterated a “market perform” rating on shares of Viasat in a research note on Tuesday, April 15th. Morgan Stanley cut 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. Cantor Fitzgerald initiated 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. Finally, Needham & Company LLC cut their target price on Viasat from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.14.

Viasat Stock Performance

Shares of VSAT opened at $9.15 on Friday. The business’s fifty day simple moving average is $9.49 and its two-hundred day simple moving average is $9.29. 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 12 month low of $6.69 and a 12 month high of $26.70. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -2.72 and a beta of 1.01.

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.