76,596 Shares in Viasat Inc. $VSAT Acquired by Scientech Research LLC

Key Points

• Scientech Research LLC purchased 76,596 shares of Viasat Inc., valued at approximately $798,000, reflecting a 0.06% ownership in the company as of its latest filing.
• Several institutional investors have increased their stakes in Viasat, with GAMMA Investing LLC raising its stake by 1,951.4% during the first quarter.
• Viasat's shares recently traded at $30.10, with the company reporting better-than-expected earnings of $0.17 EPS for the latest quarter, surpassing the consensus estimate.

Scientech Research LLC acquired a new position in shares of Viasat Inc. (NASDAQ:VSAT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 76,596 shares of the communications equipment provider's stock, valued at approximately $798,000. Scientech Research LLC owned 0.06% of Viasat at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Viasat by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 14,646,644 shares of the communications equipment provider's stock worth $152,618,000 after buying an additional 872,784 shares during the period. Neuberger Berman Group LLC raised its stake in Viasat by 2.9% in the first quarter. Neuberger Berman Group LLC now owns 5,190,232 shares of the communications equipment provider's stock valued at $53,913,000 after purchasing an additional 145,868 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Viasat by 26.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,384,942 shares of the communications equipment provider's stock valued at $24,851,000 after purchasing an additional 497,405 shares in the last quarter. Long Focus Capital Management LLC acquired a new position in Viasat in the first quarter valued at about $24,695,000. Finally, Nuveen LLC acquired a new position in Viasat in the first quarter valued at about $20,593,000. Institutional investors own 86.05% of the company's stock.

Viasat Trading Down 4.3%

Shares of Viasat stock traded down $1.36 during midday trading on Friday, reaching $30.55. The company had a trading volume of 2,865,117 shares, compared to its average volume of 3,673,787. The stock has a fifty day moving average price of $22.85 and a 200 day moving average price of $14.54. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.11 and a quick ratio of 1.87. The firm has a market cap of $4.10 billion, a PE ratio of -6.61 and a beta of 1.27. 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 EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.32. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. Viasat had a negative return on equity of 6.37% and a negative net margin of 13.11%.The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. On average, equities analysts anticipate that Viasat Inc. will post -0.54 earnings per share for the current year.

Analyst Ratings Changes

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

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.