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

PharVision Advisers LLC acquired a new position in shares of Viasat Inc. (NASDAQ:VSAT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,910 shares of the communications equipment provider's stock, valued at approximately $176,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VSAT. Raymond James Financial Inc. purchased a new position in shares of Viasat during the fourth quarter worth about $159,000. Dimensional Fund Advisors LP lifted its position in Viasat by 19.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,095,373 shares of the communications equipment provider's stock worth $9,321,000 after buying an additional 175,593 shares during the last quarter. Northern Trust Corp lifted its position in Viasat by 6.1% in the 4th quarter. Northern Trust Corp now owns 1,110,945 shares of the communications equipment provider's stock worth $9,454,000 after buying an additional 64,361 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Viasat by 87.1% in the 4th quarter. BNP Paribas Financial Markets now owns 558,251 shares of the communications equipment provider's stock worth $4,751,000 after buying an additional 259,849 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in 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 worth $11,618,000 after buying an additional 818,301 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VSAT. Wall Street Zen upgraded Viasat from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. Needham & Company LLC lifted their price objective on Viasat from $16.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Viasat in a research note on Thursday, August 7th. William Blair restated an "outperform" rating on shares of Viasat in a research report on Wednesday, August 27th. Finally, B. Riley lowered their price objective on Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $21.13.

Viasat Price Performance

Shares of Viasat stock opened at $29.65 on Monday. The firm has a market cap of $3.98 billion, a PE ratio of -6.42 and a beta of 1.26. Viasat Inc. has a 12-month low of $6.69 and a 12-month high of $33.85. The company has a quick ratio of 1.87, a current ratio of 2.11 and a debt-to-equity ratio of 1.42. The company's fifty day simple moving average is $21.62 and its two-hundred day simple moving average is $14.02.

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

Viasat 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.

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