Viasat Inc. $VSAT Shares Sold by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. reduced its stake in Viasat Inc. by 35.3% in the first quarter, now holding approximately 0.11% of the company valued at $1.415 million.
• Viasat's stock price has fluctuated significantly, currently opening at $31.02 with a 52-week high of $33.85 and a low of $6.69.
• The company reported earnings of $0.17 per share, exceeding estimates and indicating a 4.0% increase in quarterly revenue year-over-year.

Graham Capital Management L.P. lessened its position in Viasat Inc. (NASDAQ:VSAT - Free Report) by 35.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,766 shares of the communications equipment provider's stock after selling 74,233 shares during the quarter. Graham Capital Management L.P. owned approximately 0.11% of Viasat worth $1,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Viasat by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 14,646,644 shares of the communications equipment provider's stock valued at $152,618,000 after buying an additional 872,784 shares during the period. Neuberger Berman Group LLC boosted its holdings 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 during the period. Long Focus Capital Management LLC purchased a new position in Viasat in the first quarter valued at $24,695,000. Finally, Nuveen LLC purchased a new position in Viasat in the first quarter valued at $20,593,000. Hedge funds and other institutional investors own 86.05% of the company's stock.

Viasat Stock Down 4.1%

Viasat stock opened at $31.02 on Wednesday. Viasat Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $33.85. 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 market capitalization of $4.16 billion, a P/E ratio of -6.71 and a beta of 1.27. The stock has a 50-day simple moving average of $20.71 and a 200-day simple moving average of $13.56.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.17 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned $0.30 EPS. The business's quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts expect that Viasat Inc. will post -0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VSAT. Needham & Company LLC lifted their target price on Viasat from $16.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Viasat from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. lifted their price target on Viasat from $10.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. 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. Finally, William Blair reaffirmed an "outperform" rating on shares of Viasat in a research report on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $21.13.

About Viasat

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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