American Century Companies Inc. Has $14.19 Million Holdings in Viasat Inc. $VSAT

Key Points

• American Century Companies Inc. increased its holdings in Viasat Inc. by 10.8% during the first quarter, now owning over 1.36 million shares valued at approximately $14.19 million.
• Analysts have mixed opinions on Viasat, with four analysts rating it as a "Buy" and five issuing a "Hold" rating, while the average price target is set at $21.13.
• Viasat reported earnings of $0.17 EPS for the latest quarter, surpassing expectations, and recorded a 4.0% increase in revenue year-over-year.

American Century Companies Inc. raised its stake in Viasat Inc. (NASDAQ:VSAT - Free Report) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,361,863 shares of the communications equipment provider's stock after purchasing an additional 132,747 shares during the period. American Century Companies Inc. owned approximately 1.05% of Viasat worth $14,191,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VSAT. Nuveen LLC acquired a new position in shares of Viasat in the 1st quarter valued at $20,593,000. Two Sigma Investments LP raised its stake in shares of Viasat by 538.7% in the 4th quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider's stock valued at $9,673,000 after buying an additional 958,706 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Viasat by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 14,646,644 shares of the communications equipment provider's stock valued at $152,618,000 after buying an additional 872,784 shares in the last quarter. Tenzing Global Management LLC acquired a new position in shares of Viasat in the 4th quarter valued at $7,170,000. Finally, Bank of America Corp DE raised its stake in shares of Viasat by 149.6% in the 4th quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider's stock valued at $11,618,000 after buying an additional 818,301 shares in the last quarter. 86.05% of the stock is owned by institutional investors.

Viasat Price Performance

Shares of Viasat stock traded down $0.20 during mid-day trading on Friday, reaching $32.33. 2,951,640 shares of the stock were exchanged, compared to its average volume of 3,655,809. The company has a market cap of $4.34 billion, a price-to-earnings ratio of -7.00 and a beta of 1.20. The company has a current ratio of 2.11, a quick ratio of 1.87 and a debt-to-equity ratio of 1.42. The firm has a 50-day simple moving average of $19.57 and a 200 day simple moving average of $13.06. Viasat Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $33.85.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.32. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.13 billion. Viasat had a negative net margin of 13.11% and a negative return on equity of 6.37%. The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. On average, sell-side analysts predict that Viasat Inc. will post -0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VSAT. William Blair restated an "outperform" rating on shares of Viasat in a research note on Wednesday. Wall Street Zen upgraded shares of Viasat from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Viasat in a research note on Thursday, August 7th. B. Riley dropped their price objective on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Viasat from $10.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Viasat currently has a consensus rating of "Hold" and a consensus target price of $21.13.

About Viasat

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.