Mutual of America Capital Management LLC grew its position in shares of Viasat, Inc. (NASDAQ:VSAT – Free Report) by 104.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,304 shares of the communications equipment provider’s stock after buying an additional 144,910 shares during the period. Mutual of America Capital Management LLC owned approximately 0.37% of Viasat worth $5,230,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new position in Viasat during the 2nd quarter worth $35,000. Quarry LP acquired a new stake in shares of Viasat during the 2nd quarter worth $36,000. Quadrant Capital Group LLC grew its holdings in shares of Viasat by 138.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 938 shares of the communications equipment provider’s stock worth $39,000 after purchasing an additional 545 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Viasat during the 2nd quarter worth $48,000. Finally, Captrust Financial Advisors grew its holdings in shares of Viasat by 29.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 297 shares in the last quarter. Institutional investors own 88.28% of the company’s stock.
Insider Buying and Selling at Viasat
In other Viasat news, EVP Keven K. Lippert sold 6,200 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $19.58, for a total value of $121,396.00. Following the completion of the transaction, the executive vice president now directly owns 24 shares in the company, valued at $469.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 6,500 shares of company stock worth $128,800. 3.10% of the stock is currently owned by insiders.
Viasat Price Performance
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on VSAT shares. Needham & Company LLC reduced their target price on Viasat from $50.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. JPMorgan Chase & Co. raised Viasat from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $35.00 to $30.00 in a research note on Tuesday, October 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Viasat in a research note on Tuesday, October 17th. They issued a “hold” rating and a $22.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Viasat presently has an average rating of “Hold” and a consensus target price of $40.17.
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.
- Five stocks we like better than Viasat
- How to Invest in the Healthcare Sector
- Uber quadruples EPS estimates, but is growth decelerating?
- Best Stocks Under $5.00
- 3 stocks set to benefit from record Valentine’s Day spending
- What is the Dow Jones Industrial Average (DJIA)?
- Tradeweb is a disruptive pure play on financial market liquidity
Receive News & Ratings for Viasat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viasat and related companies with MarketBeat.com's FREE daily email newsletter.