Oppenheimer Asset Management Inc. Has $985,000 Holdings in Viasat, Inc. (NASDAQ:VSAT)

Posted by on Aug 27th, 2023

Oppenheimer Asset Management Inc. trimmed its position in Viasat, Inc. (NASDAQ:VSAT – Free Report) by 25.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 29,106 shares of the communications equipment provider’s stock after selling 9,983 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Viasat were worth $985,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Edgestream Partners L.P. bought a new stake in Viasat during the 4th quarter worth $264,000. Hi Line Capital Management LLC grew its position in Viasat by 0.9% during the 1st quarter. Hi Line Capital Management LLC now owns 364,485 shares of the communications equipment provider’s stock worth $12,334,000 after acquiring an additional 3,209 shares during the last quarter. Barclays PLC grew its position in Viasat by 31.8% during the 1st quarter. Barclays PLC now owns 32,383 shares of the communications equipment provider’s stock worth $1,096,000 after acquiring an additional 7,812 shares during the last quarter. Cove Street Capital LLC raised its stake in shares of Viasat by 1.9% during the fourth quarter. Cove Street Capital LLC now owns 989,323 shares of the communications equipment provider’s stock valued at $31,312,000 after acquiring an additional 18,855 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Viasat during the first quarter valued at $142,000. Institutional investors own 88.91% of the company’s stock.

Viasat Trading Down 5.0 %

NASDAQ VSAT opened at $25.54 on Friday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 1.89, a P/E/G ratio of 19.42 and a beta of 1.18. Viasat, Inc. has a 52 week low of $25.04 and a 52 week high of $47.35. The business has a 50 day moving average price of $33.71 and a 200-day moving average price of $35.50. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 1.21.

Insider Activity at Viasat

In related news, insider James Michael Dodd sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.31, for a total value of $156,550.00. Following the transaction, the insider now owns 17,856 shares of the company’s stock, valued at approximately $559,071.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Richard A. Baldridge sold 3,492 shares of Viasat stock in a transaction on Monday, August 21st. The stock was sold at an average price of $27.55, for a total transaction of $96,204.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James Michael Dodd sold 5,000 shares of Viasat stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $31.31, for a total value of $156,550.00. Following the sale, the insider now owns 17,856 shares in the company, valued at $559,071.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,164 shares of company stock valued at $279,530. 3.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VSAT has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Viasat in a research note on Wednesday, August 16th. They set a “neutral” rating and a $35.00 price target for the company. Needham & Company LLC dropped their price target on shares of Viasat from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, August 11th. TheStreet cut Viasat from a “c-” rating to a “d+” rating in a report on Monday, July 24th. Bank of America upped their target price on Viasat from $79.00 to $81.00 in a report on Friday, May 26th. Finally, StockNews.com cut Viasat from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.40.

View Our Latest Research Report on VSAT

Viasat Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Viasat (NASDAQ:VSAT)

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