Viasat Inc. (NASDAQ:VSAT) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP boosted its position in Viasat Inc. (NASDAQ:VSAT - Free Report) by 81.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,495 shares of the communications equipment provider's stock after acquiring an additional 11,474 shares during the quarter. Entropy Technologies LP's holdings in Viasat were worth $266,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VSAT. PNC Financial Services Group Inc. raised its holdings 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 in the last quarter. Sterling Capital Management LLC raised its holdings in Viasat by 850.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock worth $34,000 after purchasing an additional 3,546 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Viasat during the fourth quarter worth approximately $42,000. Meeder Asset Management Inc. acquired a new stake in Viasat during the first quarter worth approximately $63,000. Finally, US Bancorp DE raised its holdings in Viasat by 46.4% during the first quarter. US Bancorp DE now owns 6,367 shares of the communications equipment provider's stock worth $66,000 after purchasing an additional 2,019 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Viasat Stock Performance

Shares of VSAT opened at $27.35 on Friday. The company's 50 day simple moving average is $16.23 and its 200-day simple moving average is $11.77. Viasat Inc. has a 12-month low of $6.69 and a 12-month high of $28.59. The company has a current ratio of 2.11, a quick ratio of 1.87 and a debt-to-equity ratio of 1.42. The firm has a market cap of $3.67 billion, a PE ratio of -5.92 and a beta of 1.20.

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 analysts' consensus estimates 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 posted $0.30 EPS. Viasat's quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Viasat Inc. will post -0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VSAT. 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Viasat in a report on Thursday, August 7th. 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. William Blair upgraded shares of Viasat from a "market perform" rating to an "outperform" rating in a research report on Monday, August 4th. Finally, B. Riley lowered their target price 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. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $21.13.

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.

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