Mutual of America Capital Management LLC Cuts Stake in Viasat, Inc. (NASDAQ:VSAT)

Mutual of America Capital Management LLC reduced its position in Viasat, Inc. (NASDAQ:VSAT) by 90.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,837 shares of the communications equipment provider’s stock after selling 128,155 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Viasat were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Viasat by 6.6% during the third quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock valued at $53,083,000 after buying an additional 276,376 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Viasat by 28.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after buying an additional 969,942 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Viasat by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider’s stock valued at $29,950,000 after buying an additional 122,472 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Viasat by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,523,465 shares of the communications equipment provider’s stock valued at $18,190,000 after buying an additional 115,909 shares during the last quarter. Finally, South Dakota Investment Council grew its holdings in shares of Viasat by 98.5% during the fourth quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider’s stock valued at $5,747,000 after buying an additional 335,082 shares during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Viasat Price Performance

Shares of NASDAQ:VSAT opened at $9.63 on Tuesday. The company’s fifty day moving average price is $9.35 and its 200 day moving average price is $10.45. Viasat, Inc. has a 12 month low of $6.69 and a 12 month 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. The firm has a market capitalization of $1.24 billion, a P/E ratio of -2.87 and a beta of 1.38.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results 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 return on equity of 8.37% and a negative net margin of 9.49%. As a group, sell-side analysts predict that Viasat, Inc. will post -0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VSAT has been the topic of a number of research analyst reports. StockNews.com raised shares of Viasat from a “sell” rating to a “hold” rating in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $19.00 price objective on shares of Viasat in a report on Monday, February 10th. William Blair reaffirmed a “market perform” rating on shares of Viasat in a report on Friday, February 7th. Cantor Fitzgerald started coverage on shares of Viasat in a report on Friday, January 24th. They issued a “neutral” rating and a $12.00 price target on the stock. Finally, Barclays upped their price target on shares of Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.57.

Insiders Place Their Bets

In related news, EVP Mark J. Miller sold 3,564 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.21, for a total value of $32,824.44. Following the completion of the sale, the executive vice president now owns 350,351 shares in the company, valued at $3,226,732.71. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were 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 of the company’s stock, valued at $43,158,006. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by insiders.

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.