News

Barclays PLC has reported a 31.8% increase in its position in Viasat, Inc. during the 1st quarter, according to its recent filing with the SEC. The firm now owns 32,383 shares of Viasat’s stock, an increase of 7,812 shares. The value of Barclays PLC’s holdings in Viasat reached ,096,000 at the end of the quarter.

Other hedge funds have also been active in buying and selling shares of Viasat. Captrust Financial Advisors increased its holdings by 29.2% in the 2nd quarter, while Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings by 4.9% in the 4th quarter. UBS Group AG and Treasurer of the State of North Carolina both saw increases of 2.3% and 1.3% respectively during the same time periods. Arizona State Retirement System also boosted its holdings by 2.7% in the 1st quarter. Institutional investors now hold 88.91% of the company’s stock.

Viasat’s stock opened at .59 on Tuesday, experiencing a 3.5% decrease. The company’s 12-month low is .10, while its 12-month high is .35. Viasat currently has a current ratio of 2.33 and a quick ratio of 2.10. The company’s market cap is .12 billion, with a price-to-earnings ratio of 2.04 and a beta of 1.18. The stock has a 50-day moving average price of .91 and a 200-day moving average price of .75.

In insider news, James Michael Dodd sold 5,000 shares of Viasat stock on August 15th at an average price of .31 per share. Following the sale, Dodd now owns 17,856 shares.

Several research analysts have made comments on Viasat’s stock, including JPMorgan Chase & Co., who initiated coverage and set a “neutral” rating with a price objective of .00. Bank of America increased its price objective to .00. TheStreet downgraded the stock from a “c-” rating to a “d+” rating. Needham & Company LLC dropped the price objective to .00 and set a “buy” rating. Barclays increased its price target on the stock to .00 and gave it an “equal weight” rating. Currently, the stock has an average rating of “Hold” with a consensus price target of .40.

Viasat, Inc. provides broadband and communications products and services globally. Its Satellite Services segment offers satellite-based fixed broadband services, in-flight entertainment and aviation software services, satellite-based connectivity services, mobile broadband services, and energy services.

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