BI Asset Management Fondsmaeglerselskab A S Has $5.87 Million Position in Viasat Inc. $VSAT

BI Asset Management Fondsmaeglerselskab A S raised its position in Viasat Inc. (NASDAQ:VSAT) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,339 shares of the communications equipment provider’s stock after buying an additional 25,980 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Viasat were worth $5,870,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Brightline Capital Management LLC grew its position in Viasat by 1.8% during the 3rd quarter. Brightline Capital Management LLC now owns 2,036,000 shares of the communications equipment provider’s stock worth $59,655,000 after acquiring an additional 36,000 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Viasat in the fourth quarter valued at about $830,000. Hudson Bay Capital Management LP acquired a new stake in shares of Viasat during the third quarter valued at about $7,325,000. Legacy Capital Group California Inc. acquired a new stake in shares of Viasat during the third quarter valued at about $1,241,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Viasat by 52.5% during the third quarter. Principal Financial Group Inc. now owns 647,168 shares of the communications equipment provider’s stock worth $18,962,000 after purchasing an additional 222,690 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Insider Buying and Selling

In related news, SVP Craig Andrew Miller sold 5,260 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $50.00, for a total value of $263,000.00. Following the transaction, the senior vice president owned 21,252 shares in the company, valued at $1,062,600. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard A. Baldridge sold 27,122 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $71.74, for a total transaction of $1,945,732.28. Following the sale, the director directly owned 213,355 shares in the company, valued at $15,306,087.70. This trade represents a 11.28% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 69,846 shares of company stock worth $4,087,016. Corporate insiders own 2.20% of the company’s stock.

Viasat Stock Performance

NASDAQ:VSAT opened at $67.18 on Monday. The company has a market capitalization of $9.17 billion, a PE ratio of -231.66 and a beta of 1.70. The company has a 50 day simple moving average of $64.38 and a two-hundred day simple moving average of $49.40. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.19 and a current ratio of 2.41. Viasat Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $89.79.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Needham & Company LLC raised their price objective on shares of Viasat from $58.00 to $90.00 and gave the company a “buy” rating in a report on Monday, June 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $97.00 price target on shares of Viasat in a research note on Monday, June 1st. B. Riley Financial lifted their price target on shares of Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Barclays set a $49.00 price objective on shares of Viasat in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Viasat has an average rating of “Moderate Buy” and an average price target of $77.13.

Viasat Company Profile

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.