Viasat, Inc. (NASDAQ:VSAT) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Viasat, Inc. (NASDAQ:VSAT) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,184,209 shares of the communications equipment provider’s stock after buying an additional 286,872 shares during the quarter. Vanguard Group Inc. owned 9.72% of Viasat worth $340,549,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VSAT. Invesco Ltd. boosted its position in Viasat by 68.0% in the 3rd quarter. Invesco Ltd. now owns 1,133,429 shares of the communications equipment provider’s stock worth $20,923,000 after purchasing an additional 458,959 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Viasat by 14.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 920,998 shares of the communications equipment provider’s stock valued at $25,742,000 after purchasing an additional 118,902 shares during the period. Cove Street Capital LLC boosted its holdings in Viasat by 2.0% during the fourth quarter. Cove Street Capital LLC now owns 651,529 shares of the communications equipment provider’s stock worth $18,210,000 after buying an additional 12,541 shares in the last quarter. Norges Bank acquired a new stake in Viasat during the fourth quarter valued at $17,511,000. Finally, Mutual of America Capital Management LLC increased its holdings in Viasat by 37.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 390,310 shares of the communications equipment provider’s stock valued at $10,909,000 after buying an additional 107,006 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

VSAT has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Viasat from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Barclays dropped their price objective on Viasat from $28.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 5th. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Viasat in a research report on Monday, June 17th. Deutsche Bank Aktiengesellschaft decreased their target price on Viasat from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, May 28th. Finally, Morgan Stanley cut their price target on shares of Viasat from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Viasat currently has an average rating of “Hold” and a consensus target price of $25.17.

Viasat Trading Down 1.6 %

Shares of VSAT opened at $12.70 on Friday. The firm’s fifty day moving average is $15.74 and its two-hundred day moving average is $19.26. The stock has a market cap of $1.60 billion, a PE ratio of -1.45 and a beta of 1.36. The company has a quick ratio of 2.44, a current ratio of 2.68 and a debt-to-equity ratio of 1.41. Viasat, Inc. has a 52-week low of $11.76 and a 52-week high of $44.32.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings results on Tuesday, May 21st. The communications equipment provider reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.12). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.11 billion. Viasat had a negative return on equity of 19.76% and a negative net margin of 24.95%. Research analysts forecast that Viasat, Inc. will post -1.46 earnings per share for the current fiscal 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.