ExodusPoint Capital Management LP has recently acquired 95,300 shares of Viasat, Inc. (NASDAQ:VSAT) during the first quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The shares are valued at approximately $3,225,000, representing about 0.12% of Viasat’s outstanding shares.
Other hedge funds and institutional investors have also made changes to their holdings of VSAT. Belpointe Asset Management LLC purchased a new stake worth $29,000, while Spire Wealth Management acquired a new stake valued at $34,000. Captrust Financial Advisors increased its holdings by 29.2% and now owns 1,313 shares valued at $40,000. Lazard Asset Management LLC also bought a new stake in Viasat worth $85,000. Deutsche Bank AG has increased its holdings by 142.1% and now owns 3,997 shares valued at $127,000.
Viasat, Inc. is currently trading at $27.49 per share on the NASDAQ stock exchange. The company has a market capitalization of $2.11 billion and a beta of 1.18. Its 52-week low is $25.04, while the 52-week high is $47.35. Viasat has a current ratio of 2.33 and a quick ratio of 2.10.
Analysts have varying opinions on the company. StockNews.com downgraded Viasat from a “hold” rating to a “sell” rating, while Needham & Company lowered their price target from $60.00 to $50.00 and maintained a “buy” rating. JPMorgan Chase & Co. initiated coverage on Viasat with a “neutral” rating and a price target of $35.00. TheStreet also downgraded the stock from a “c-” rating to a “d+” rating. Barclays, on the other hand, raised its target price from $39.00 to $42.00 and maintained an “equal weight” rating.
In terms of insider activity, Director Richard A. Baldridge sold 3,492 shares of Viasat stock, while insider James Michael Dodd sold 5,000 shares. Both transactions were disclosed and approved by the Securities & Exchange Commission.
Viasat, Inc. provides broadband and communications products and services worldwide. Their Satellite Services segment offers various satellite-based solutions, including broadband internet access, voice over internet protocol services, in-flight entertainment, and mobile broadband services.
Sources:
– Securities and Exchange Commission (SEC)
– MarketBeat.com
[Note: The source article contains additional information and details about insider buying and selling, as well as further analysis. However, that information has been omitted in this summary for brevity.]
The post ExodusPoint Capital Management LP Purchases New Position in Viasat, Inc. (VSAT) appeared first on TS2 SPACE.
