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

Mutual of America Capital Management LLC decreased its stake in Viasat, Inc. (NASDAQ:VSAT) by 1.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 376,394 shares of the communications equipment provider’s stock after selling 6,144 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.30% of Viasat worth $4,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC purchased a new position in shares of Viasat in the 2nd quarter valued at about $29,000. TFO Wealth Partners LLC increased its position in shares of Viasat by 11,033.3% in the fourth quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider’s stock valued at $47,000 after buying an additional 1,655 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Viasat during the 2nd quarter worth approximately $67,000. nVerses Capital LLC purchased a new position in shares of Viasat during the 2nd quarter valued at approximately $81,000. Finally, Headlands Technologies LLC acquired a new stake in Viasat in the 1st quarter valued at $86,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Viasat from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Viasat in a report on Monday, June 17th. Morgan Stanley reduced their target price on Viasat from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, June 18th. Bank of America lowered their price target on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Viasat from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.33.

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 shares were sold at an average price of $19.90, for a total transaction of $55,947,695.80. Following the completion of the sale, the insider now directly owns 8,545,334 shares in the company, valued at $170,052,146.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Viasat Trading Down 1.6 %

VSAT opened at $12.77 on Friday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -1.45 and a beta of 1.35. The company’s 50 day simple moving average is $16.85 and its two-hundred day simple moving average is $16.39. Viasat, Inc. has a 1-year low of $11.76 and a 1-year high of $29.11. 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 announced its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.16. Viasat had a negative return on equity of 19.76% and a negative net margin of 22.13%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted ($0.83) earnings per share. The firm’s revenue was up 41.1% compared to the same quarter last year. Analysts expect that Viasat, Inc. will post -1.34 EPS for the current fiscal 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.