Viasat, Inc. (NASDAQ:VSAT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in Viasat, Inc. (NASDAQ:VSAT) by 62.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 140,992 shares of the communications equipment provider’s stock after selling 235,402 shares during the quarter. Mutual of America Capital Management LLC owned 0.11% of Viasat worth $1,683,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in shares of Viasat during the second quarter worth $29,000. KBC Group NV lifted its stake in Viasat by 63.7% during the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 1,021 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Viasat by 176.3% during the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 1,772 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Viasat in the 2nd quarter valued at approximately $61,000. Finally, Nisa Investment Advisors LLC acquired a new position in Viasat in the 2nd quarter worth approximately $67,000. Institutional investors own 86.05% of the company’s stock.

Viasat Price Performance

Shares of VSAT opened at $9.71 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. The firm has a market cap of $1.25 billion, a PE ratio of -3.11 and a beta of 1.37. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $29.11. The firm’s 50 day moving average price is $10.43 and its 200 day moving average price is $14.18.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.53). Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted ($6.16) earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, research analysts expect that Viasat, Inc. will post -2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Needham & Company LLC reduced their target price on Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. StockNews.com lowered Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Barclays reduced their price target on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. JPMorgan Chase & Co. downgraded shares of Viasat from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $15.00 in a research report on Tuesday, September 17th. Finally, Bank of America decreased their target price 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.33.

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.