Invesco Ltd. Increases Stock Holdings in Viasat, Inc. (NASDAQ:VSAT)

Invesco Ltd. lifted its holdings in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 46.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,093,740 shares of the communications equipment provider's stock after buying an additional 667,564 shares during the quarter. Invesco Ltd. owned approximately 1.63% of Viasat worth $17,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VSAT. Federated Hermes Inc. bought a new position in Viasat during the 4th quarter valued at approximately $42,000. Aristides Capital LLC bought a new position in shares of Viasat during the fourth quarter valued at $186,000. Wells Fargo & Company MN raised its position in shares of Viasat by 11.4% in the 4th quarter. Wells Fargo & Company MN now owns 135,732 shares of the communications equipment provider's stock worth $1,155,000 after purchasing an additional 13,843 shares during the last quarter. Landscape Capital Management L.L.C. boosted its stake in Viasat by 153.5% in the 4th quarter. Landscape Capital Management L.L.C. now owns 150,636 shares of the communications equipment provider's stock worth $1,282,000 after purchasing an additional 91,210 shares in the last quarter. Finally, Trexquant Investment LP grew its position in Viasat by 63.1% during the 4th quarter. Trexquant Investment LP now owns 456,162 shares of the communications equipment provider's stock valued at $3,882,000 after purchasing an additional 176,407 shares during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on VSAT shares. Needham & Company LLC reiterated a "buy" rating and issued a $19.00 target price on shares of Viasat in a research note on Monday, February 10th. Barclays upped their price target on Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Morgan Stanley dropped their target price on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. William Blair reissued a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Finally, StockNews.com raised shares of Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.57.

Insider Buying and Selling at Viasat

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat stock in a transaction on Monday, February 10th. The shares were sold at an average price of $9.00, for a total value of $33,750,000.00. Following the completion of the transaction, the insider now directly owns 4,795,334 shares of the company's stock, valued at $43,158,006. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.20% of the stock is currently owned by company insiders.

Viasat Price Performance

Shares of VSAT stock traded up $0.28 during mid-day trading on Friday, hitting $8.95. The company had a trading volume of 426,876 shares, compared to its average volume of 2,720,047. The company has a market capitalization of $1.16 billion, a P/E ratio of -2.66 and a beta of 1.06. The stock's 50 day moving average price is $9.26 and its 200-day moving average price is $9.40. Viasat, Inc. has a 52-week low of $6.69 and a 52-week high of $26.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60.

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

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.