Viasat, Inc. (NASDAQ:VSAT) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 41.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,993 shares of the communications equipment provider’s stock after buying an additional 8,261 shares during the quarter. Inspire Investing LLC’s holdings in Viasat were worth $356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in shares of Viasat by 16.7% in the fourth quarter. Victory Capital Management Inc. now owns 18,839 shares of the communications equipment provider’s stock valued at $527,000 after acquiring an additional 2,694 shares in the last quarter. Norges Bank acquired a new stake in Viasat in the 4th quarter valued at about $17,511,000. Trexquant Investment LP purchased a new position in shares of Viasat in the 4th quarter valued at about $1,864,000. Treasurer of the State of North Carolina grew its position in shares of Viasat by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,832 shares of the communications equipment provider’s stock worth $1,449,000 after buying an additional 500 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its position in shares of Viasat by 11,033.3% during the fourth quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 1,655 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Insider Activity

In related news, insider Cpp Investment Board Private H sold 2,811,442 shares of the firm’s stock in a transaction dated 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 $170,052,146.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.10% of the company’s stock.

Viasat Stock Down 1.6 %

Viasat stock opened at $12.77 on Friday. The stock has a 50-day simple moving average of $16.85 and a 200-day simple moving average of $16.39. The company has a market capitalization of $1.61 billion, a P/E ratio of -1.45 and a beta of 1.35. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.78 and a current ratio of 3.08. Viasat, Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $29.11.

Viasat (NASDAQ:VSAT) last announced its earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm posted ($0.83) earnings per share. The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. Equities research analysts expect that Viasat, Inc. will post -1.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Viasat from $23.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, May 28th. Morgan Stanley dropped their target price on Viasat from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 18th. Barclays decreased their price target on Viasat from $28.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, June 5th. Bank of America dropped their price objective on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a report on Friday. Finally, StockNews.com cut Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. One research 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. According to data from MarketBeat, Viasat presently has an average rating of “Hold” and a consensus price target of $22.33.

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.