Bank of New York Mellon Corp lowered its holdings in shares of Viasat, Inc. (NASDAQ:VSAT – Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 649,949 shares of the communications equipment provider’s stock after selling 19,505 shares during the period. Bank of New York Mellon Corp owned about 0.51% of Viasat worth $5,531,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in Viasat by 6.6% during the third quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock worth $53,083,000 after acquiring an additional 276,376 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in 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 worth $52,766,000 after acquiring an additional 969,942 shares during the last quarter. Geode Capital Management LLC raised its position in 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 worth $29,950,000 after acquiring an additional 122,472 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 worth $18,190,000 after acquiring an additional 115,909 shares during the last quarter. Finally, South Dakota Investment Council raised its position in Viasat by 98.5% during the fourth quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider’s stock worth $5,747,000 after acquiring an additional 335,082 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.
Insiders Place Their Bets
In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the 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 sale, the insider now owns 4,795,334 shares of the company’s stock, valued at $43,158,006. This represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is currently owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Analysis on Viasat
Viasat Stock Performance
NASDAQ:VSAT opened at $9.85 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The company has a market cap of $1.27 billion, a P/E ratio of -2.93 and a beta of 1.38. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The firm’s 50 day moving average is $9.40 and its two-hundred day moving average is $10.25.
Viasat (NASDAQ:VSAT – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. Analysts expect that Viasat, Inc. will post -0.54 EPS for the current year.
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.
Featured Articles
- Five stocks we like better than Viasat
- What is Forex and How Does it Work?
- How to Build the Ultimate Everything ETF Portfolio
- 3 Small Caps With Big Return Potential
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- 3 Stocks With High ROE and Market-Beating Growth Potential
Want to see what other hedge funds are holding VSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viasat, Inc. (NASDAQ:VSAT – Free Report).
Receive News & Ratings for Viasat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viasat and related companies with MarketBeat.com's FREE daily email newsletter.