Caitlin John LLC Takes Position in Viasat Inc. $VSAT

Key Points

• Caitlin John LLC has acquired a new stake in Viasat Inc., purchasing 14,332 shares valued at approximately $209,000.
• Viasat's stock recently opened at $29.61 and has seen significant movement, with a reported 52-week high of $34.05 and a low of $6.69.
• Analysts have mixed ratings on Viasat, with three giving a "Buy" rating and five a "Hold" rating; the consensus price target is set at $21.43.

Caitlin John LLC bought a new position in shares of Viasat Inc. (NASDAQ:VSAT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,332 shares of the communications equipment provider's stock, valued at approximately $209,000.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in Viasat by 233.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider's stock valued at $33,000 after acquiring an additional 2,224 shares during the last quarter. MAI Capital Management lifted its stake in Viasat by 74.7% in the first quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider's stock valued at $40,000 after acquiring an additional 1,640 shares during the last quarter. Quarry LP lifted its stake in Viasat by 2,412.3% in the first quarter. Quarry LP now owns 5,728 shares of the communications equipment provider's stock valued at $60,000 after acquiring an additional 5,500 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Viasat in the first quarter valued at $63,000. Finally, US Bancorp DE lifted its stake in Viasat by 46.4% in the first quarter. US Bancorp DE now owns 6,367 shares of the communications equipment provider's stock valued at $66,000 after acquiring an additional 2,019 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Insider Buying and Selling at Viasat

In other news, Director Richard A. Baldridge sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $31.00, for a total value of $3,100,000.00. Following the sale, the director directly owned 197,161 shares in the company, valued at approximately $6,111,991. This trade represents a 33.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company's stock.

Viasat Price Performance

VSAT stock traded up $0.23 during mid-day trading on Monday, hitting $29.84. The stock had a trading volume of 2,411,784 shares, compared to its average volume of 4,695,776. The company has a current ratio of 2.11, a quick ratio of 1.87 and a debt-to-equity ratio of 1.42. Viasat Inc. has a 52 week low of $6.69 and a 52 week high of $34.05. The firm has a market capitalization of $4.01 billion, a P/E ratio of -6.46 and a beta of 1.26. The firm has a fifty day simple moving average of $25.01 and a 200 day simple moving average of $15.70.

Viasat (NASDAQ:VSAT - Get Free Report) last released its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.32. Viasat had a negative net margin of 13.11% and a negative return on equity of 6.37%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $0.30 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts forecast that Viasat Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

VSAT has been the subject of a number of recent analyst reports. William Blair reiterated an "outperform" rating on shares of Viasat in a research note on Wednesday, August 27th. Wall Street Zen raised shares of Viasat from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. B. Riley dropped their price objective on shares of Viasat from $56.00 to $52.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Viasat in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Viasat from $10.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $21.43.

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.