Hsbc Holdings PLC Buys 30,189 Shares of Viasat, Inc. (NASDAQ:VSAT)

Hsbc Holdings PLC raised its position in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 96.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,494 shares of the communications equipment provider's stock after purchasing an additional 30,189 shares during the period. Hsbc Holdings PLC's holdings in Viasat were worth $525,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of VSAT. MetLife Investment Management LLC increased its position in shares of Viasat by 2.9% in the 4th quarter. MetLife Investment Management LLC now owns 72,132 shares of the communications equipment provider's stock valued at $614,000 after buying an additional 2,050 shares in the last quarter. MYDA Advisors LLC acquired a new stake in shares of Viasat during the fourth quarter worth about $433,000. Dimensional Fund Advisors LP lifted its holdings in shares of Viasat by 19.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,095,373 shares of the communications equipment provider's stock valued at $9,321,000 after purchasing an additional 175,593 shares in the last quarter. First Trust Advisors LP grew its position in shares of Viasat by 177.0% in the 4th quarter. First Trust Advisors LP now owns 281,244 shares of the communications equipment provider's stock valued at $2,393,000 after purchasing an additional 179,714 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in Viasat by 9.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 103,505 shares of the communications equipment provider's stock worth $882,000 after purchasing an additional 8,832 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Stock Performance

Shares of Viasat stock traded up $0.55 during trading on Friday, hitting $9.69. 2,458,811 shares of the stock were exchanged, compared to its average volume of 2,768,663. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -2.88 and a beta of 1.01. The company has a fifty day moving average price of $9.35 and a 200-day moving average price of $9.27. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35.

Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. As a group, equities analysts predict that Viasat, Inc. will post -0.54 EPS for the current fiscal year.

Insider Buying and Selling at Viasat

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the sale, the insider now owns 4,795,334 shares in the company, valued at $43,158,006. The trade was a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VSAT shares. Morgan Stanley reduced their price target on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Needham & Company LLC reiterated a "buy" rating and set a $19.00 price objective on shares of Viasat in a report on Monday, February 10th. StockNews.com upgraded Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Monday, March 24th. Finally, Cantor Fitzgerald assumed coverage on shares of Viasat in a research report on Friday, January 24th. They issued a "neutral" rating and a $12.00 target price for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $14.57.

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.