Inspire Investing LLC Grows Position in Viasat, Inc. (NASDAQ:VSAT)

Inspire Investing LLC raised its position in shares of Viasat, Inc. (NASDAQ:VSAT) by 22.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,182 shares of the communications equipment provider’s stock after acquiring an additional 6,189 shares during the period. Inspire Investing LLC’s holdings in Viasat were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VSAT. Vanguard Group Inc. raised its stake in Viasat by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 12,184,209 shares of the communications equipment provider’s stock valued at $340,549,000 after purchasing an additional 286,872 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Viasat by 49.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,025 shares of the communications equipment provider’s stock valued at $112,000 after acquiring an additional 1,335 shares during the last quarter. Alaska Permanent Fund Corp purchased a new position in Viasat in the first quarter worth about $478,000. Principal Financial Group Inc. increased its stake in Viasat by 1.1% during the first quarter. Principal Financial Group Inc. now owns 391,544 shares of the communications equipment provider’s stock worth $7,083,000 after acquiring an additional 4,236 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Viasat by 20.0% during the first quarter. BNP Paribas Financial Markets now owns 64,453 shares of the communications equipment provider’s stock valued at $1,166,000 after purchasing an additional 10,747 shares during the period. 86.05% of the stock is currently owned by institutional investors.

Viasat Trading Down 3.8 %

VSAT stock opened at $11.12 on Friday. Viasat, Inc. has a 12 month low of $10.40 and a 12 month high of $29.11. The firm’s 50-day moving average is $14.14 and its 200 day moving average is $15.52. The company has a market capitalization of $1.40 billion, a PE ratio of -1.27 and a beta of 1.34. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.08 and a quick ratio of 2.78.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.16. Viasat had a negative net margin of 22.13% and a negative return on equity of 19.76%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted ($0.83) earnings per share. The company’s revenue was up 41.1% on a year-over-year basis. On average, research analysts anticipate that Viasat, Inc. will post -1.43 EPS for the current year.

Insider Buying and Selling at Viasat

In other news, insider Cpp Investment Board Private H sold 2,811,442 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.90, for a total transaction of $55,947,695.80. Following the transaction, the insider now owns 8,545,334 shares of the company’s stock, valued at approximately $170,052,146.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com downgraded Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Needham & Company LLC reduced their target price on shares of Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday. Bank of America dropped their price target on shares of Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered shares of Viasat from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $29.00 to $15.00 in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.83.

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.