Gamco Investors INC. ET AL Raises Stock Position in Viasat Inc. $VSAT

Gamco Investors INC. ET AL lifted its position in Viasat Inc. (NASDAQ:VSAT) by 84.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,700 shares of the communications equipment provider’s stock after buying an additional 17,700 shares during the period. Gamco Investors INC. ET AL’s holdings in Viasat were worth $1,334,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. grew its position in shares of Viasat by 6,815.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Viasat in the 4th quarter worth approximately $36,000. Danske Bank A S purchased a new position in shares of Viasat in the 4th quarter worth approximately $47,000. Activest Wealth Management purchased a new position in shares of Viasat in the 3rd quarter worth approximately $44,000. Finally, Larson Financial Group LLC grew its position in shares of Viasat by 7,380.0% in the 3rd quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock worth $66,000 after buying an additional 2,214 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Stock Down 6.0%

NASDAQ:VSAT opened at $70.76 on Friday. The company has a market cap of $9.61 billion, a PE ratio of -27.32 and a beta of 1.66. Viasat Inc. has a twelve month low of $8.61 and a twelve month high of $77.76. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35. The company’s 50 day moving average is $58.23 and its two-hundred day moving average is $46.32.

Insiders Place Their Bets

In other Viasat news, SVP Craig Andrew Miller sold 5,260 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $50.00, for a total transaction of $263,000.00. Following the sale, the senior vice president owned 21,252 shares of the company’s stock, valued at approximately $1,062,600. The trade was a 19.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert James Blair sold 30,411 shares of Viasat stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $47.04, for a total transaction of $1,430,533.44. Following the sale, the senior vice president owned 38,108 shares of the company’s stock, valued at approximately $1,792,600.32. The trade was a 44.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 38,071 shares of company stock valued at $1,804,437. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VSAT shares. B. Riley Financial lifted their price objective on shares of Viasat from $52.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Raymond James Financial set a $74.00 price objective on shares of Viasat and gave the stock an “outperform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $48.00 in a research report on Friday, February 6th. Barclays raised shares of Viasat from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $23.00 to $49.00 in a research report on Wednesday, April 8th. Finally, New Street Research started coverage on shares of Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Viasat currently has an average rating of “Moderate Buy” and an average price target of $65.50.

About Viasat

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.