Landscape Capital Management L.L.C. Cuts Stake in Viasat Inc. $VSAT

Key Points

• Landscape Capital Management L.L.C. reduced its stake in Viasat Inc. by 5.9%, owning approximately 141,716 shares valued at $1.48 million after selling 8,920 shares.
• Viasat reported a quarterly earnings per share of $0.17, exceeding analysts' expectations of ($0.15), with revenue of $1.17 billion.
• Deutsche Bank and William Blair have differing outlooks, with Deutsche Bank maintaining a "hold" rating while William Blair has an "outperform" rating on Viasat's shares.

Landscape Capital Management L.L.C. trimmed its stake in Viasat Inc. (NASDAQ:VSAT - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,716 shares of the communications equipment provider's stock after selling 8,920 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.11% of Viasat worth $1,477,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. SummerHaven Investment Management LLC increased its position in shares of Viasat by 2.9% in the first quarter. SummerHaven Investment Management LLC now owns 52,738 shares of the communications equipment provider's stock worth $550,000 after purchasing an additional 1,494 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in Viasat by 11.4% during the first quarter. Kestra Private Wealth Services LLC now owns 16,673 shares of the communications equipment provider's stock valued at $174,000 after acquiring an additional 1,700 shares during the last quarter. US Bancorp DE grew its position in Viasat by 46.4% during the first 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 last quarter. MetLife Investment Management LLC grew its position in Viasat by 2.9% during the fourth quarter. MetLife Investment Management LLC now owns 72,132 shares of the communications equipment provider's stock valued at $614,000 after acquiring an additional 2,050 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position 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 valued at $33,000 after acquiring an additional 2,224 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

Viasat Stock Down 4.1%

Shares of VSAT traded down $1.31 on Tuesday, reaching $31.02. The stock had a trading volume of 5,077,091 shares, compared to its average volume of 3,664,380. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -6.71 and a beta of 1.26. 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 company has a 50-day simple moving average of $20.35 and a 200-day simple moving average of $13.44. Viasat Inc. has a 12-month low of $6.69 and a 12-month high of $33.85.

Viasat (NASDAQ:VSAT - Get Free Report) last released its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.17 EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.32. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. Sell-side analysts predict that Viasat Inc. will post -0.54 EPS for the current year.

Wall Street Analyst Weigh In

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