HAP Trading LLC bought a new position in shares of Viasat Inc. (NASDAQ:VSAT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,971 shares of the communications equipment provider's stock, valued at approximately $385,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in Viasat by 233.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider's stock worth $33,000 after purchasing an additional 2,224 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Viasat during the 1st quarter valued at approximately $63,000. US Bancorp DE boosted its holdings in Viasat by 46.4% in the 1st quarter. US Bancorp DE now owns 6,367 shares of the communications equipment provider's stock worth $66,000 after buying an additional 2,019 shares during the period. Wexford Capital LP bought a new position in Viasat in the 4th quarter worth approximately $93,000. Finally, Teza Capital Management LLC bought a new position in Viasat in the 4th quarter worth approximately $100,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Wall Street Zen raised shares of Viasat from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. B. Riley cut their price objective on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. William Blair reaffirmed an "outperform" rating on shares of Viasat in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Viasat from $10.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC raised their price objective on shares of Viasat from $16.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.13.
Read Our Latest Report on VSAT
Viasat Stock Performance
Viasat stock opened at $32.50 on Thursday. The firm's fifty day moving average price is $19.18 and its 200-day moving average price is $12.91. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.87 and a current ratio of 2.11. The stock has a market cap of $4.36 billion, a P/E ratio of -7.03 and a beta of 1.20. Viasat Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $33.73.
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 for 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 business's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. On average, equities research analysts expect that Viasat Inc. will post -0.54 earnings per share for the current fiscal year.
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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