Victory Capital Management Inc. Sells 1,107 Shares of Viasat, Inc. (NASDAQ:VSAT)

Victory Capital Management Inc. trimmed its position in shares of Viasat, Inc. (NASDAQ:VSATFree Report) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,082 shares of the communications equipment provider’s stock after selling 1,107 shares during the period. Victory Capital Management Inc.’s holdings in Viasat were worth $216,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VSAT. CANADA LIFE ASSURANCE Co grew its holdings in Viasat by 23.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 70,622 shares of the communications equipment provider’s stock valued at $1,277,000 after purchasing an additional 13,304 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Viasat by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,183 shares of the communications equipment provider’s stock valued at $1,089,000 after purchasing an additional 3,712 shares during the last quarter. SG Americas Securities LLC bought a new position in Viasat during the 2nd quarter valued at about $293,000. Nisa Investment Advisors LLC bought a new position in Viasat in the 2nd quarter worth about $67,000. Finally, Louisiana State Employees Retirement System grew its stake in Viasat by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 37,800 shares of the communications equipment provider’s stock worth $480,000 after acquiring an additional 600 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VSAT shares. Barclays dropped their target price on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. Bank of America dropped their target price on shares of Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. cut shares of Viasat from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $29.00 to $15.00 in a research report on Tuesday, September 17th. Needham & Company LLC lowered their price target on shares of Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, StockNews.com cut shares of Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Viasat has an average rating of “Hold” and a consensus price target of $18.33.

View Our Latest Research Report on Viasat

Viasat Trading Down 2.8 %

NASDAQ:VSAT opened at $9.33 on Friday. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $29.11. The firm has a 50 day moving average of $10.15 and a 200 day moving average of $14.00. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -2.99 and a beta of 1.37.

Viasat (NASDAQ:VSATGet Free Report) last posted its quarterly earnings results 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). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted ($6.16) EPS. As a group, sell-side analysts anticipate that Viasat, Inc. will post -2.38 earnings per share for the current fiscal year.

Viasat Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Viasat (NASDAQ:VSAT)

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