PharVision Advisers LLC Invests $176,000 in Viasat Inc. $VSAT

PharVision Advisers LLC bought a new stake in shares of Viasat Inc. (NASDAQ:VSAT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,910 shares of the communications equipment provider's stock, valued at approximately $176,000.

Other large investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of Viasat by 233.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider's stock valued at $33,000 after purchasing an additional 2,224 shares in the last quarter. MAI Capital Management boosted its stake in shares of Viasat by 74.7% during the 1st quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider's stock valued at $40,000 after purchasing an additional 1,640 shares in the last quarter. Quarry LP boosted its stake in shares of Viasat by 2,412.3% during the 1st quarter. Quarry LP now owns 5,728 shares of the communications equipment provider's stock valued at $60,000 after purchasing an additional 5,500 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Viasat during the 1st quarter valued at about $63,000. Finally, US Bancorp DE lifted its position in Viasat by 46.4% during the 1st 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 period. Institutional investors own 86.05% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on VSAT. B. Riley decreased their target price 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. JPMorgan Chase & Co. lifted their target price on shares of Viasat from $10.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Viasat from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Needham & Company LLC lifted their price target on shares of Viasat from $16.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Viasat in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $21.13.

Viasat Price Performance

Shares of VSAT traded down $1.36 during mid-day trading on Friday, reaching $30.55. The stock had a trading volume of 2,872,756 shares, compared to its average volume of 3,936,346. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of -6.61 and a beta of 1.27. Viasat Inc. has a 12 month low of $6.69 and a 12 month high of $33.85. The business has a fifty day moving average of $23.13 and a 200 day moving average of $14.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.87 and a current ratio of 2.11.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The communications equipment provider reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.32. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates 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 revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. Equities analysts predict that Viasat Inc. will post -0.54 EPS for the current year.

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.