Spire Wealth Management Has $77,000 Position in Viasat, Inc. (NASDAQ:VSAT)

Spire Wealth Management raised its position in shares of Viasat, Inc. (NASDAQ:VSAT) by 85.1% in the second quarter, HoldingsChannel reports. The fund owned 1,860 shares of the communications equipment provider’s stock after acquiring an additional 855 shares during the period. Spire Wealth Management’s holdings in Viasat were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VSAT. Canada Pension Plan Investment Board acquired a new position in Viasat in the 2nd quarter valued at $468,581,000. Swiss National Bank grew its stake in Viasat by 2.0% during the second quarter. Swiss National Bank now owns 124,724 shares of the communications equipment provider’s stock worth $5,146,000 after buying an additional 2,400 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Viasat by 6.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,330 shares of the communications equipment provider’s stock valued at $3,562,000 after buying an additional 5,464 shares during the period. Coastal Investment Advisors Inc. raised its position in shares of Viasat by 7.2% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 7,400 shares of the communications equipment provider’s stock valued at $305,000 after buying an additional 500 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Viasat by 18.9% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,838 shares of the communications equipment provider’s stock worth $901,000 after acquiring an additional 3,465 shares in the last quarter. 88.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Viasat

In other news, EVP Keven K. Lippert sold 6,200 shares of the business’s 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 transaction, the executive vice president now directly owns 24 shares of the company’s stock, valued at approximately $469.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 6,672 shares of company stock valued at $130,892. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VSAT shares. Deutsche Bank Aktiengesellschaft began 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. Barclays dropped their price target on Viasat from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, September 18th. Morgan Stanley lowered their target price on Viasat from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, September 6th. Needham & Company LLC cut their price target on Viasat from $50.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Finally, StockNews.com initiated coverage on Viasat in a research note on Thursday, October 5th. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Viasat has a consensus rating of “Hold” and an average target price of $40.17.

Viasat Trading Up 2.1 %

NASDAQ:VSAT opened at $19.93 on Tuesday. Viasat, Inc. has a 52 week low of $15.02 and a 52 week high of $47.35. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.40 and a current ratio of 2.62. The firm’s fifty day moving average is $19.34 and its 200-day moving average is $29.88. The firm has a market cap of $2.48 billion, a P/E ratio of 2.49, a P/E/G ratio of 2.22 and a beta of 1.33.

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.