Wealthfront Advisers LLC Takes $353,000 Position in Viasat, Inc. (NASDAQ:VSAT)

Wealthfront Advisers LLC bought a new stake in Viasat, Inc. (NASDAQ:VSAT) during the 4th quarter, HoldingsChannel reports. The fund bought 41,457 shares of the communications equipment provider’s stock, valued at approximately $353,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VSAT. Amalgamated Bank boosted its holdings in shares of Viasat by 9.3% in the third quarter. Amalgamated Bank now owns 26,172 shares of the communications equipment provider’s stock valued at $312,000 after acquiring an additional 2,218 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Viasat by 6.6% in the third quarter. Principal Financial Group Inc. now owns 400,320 shares of the communications equipment provider’s stock valued at $4,780,000 after acquiring an additional 24,889 shares in the last quarter. KBC Group NV boosted its holdings in shares of Viasat by 63.7% in the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 1,021 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Viasat by 6.1% in the third quarter. Thrivent Financial for Lutherans now owns 66,227 shares of the communications equipment provider’s stock valued at $791,000 after acquiring an additional 3,807 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Viasat in the third quarter valued at about $322,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Stock Up 5.0 %

Shares of NASDAQ VSAT opened at $9.85 on Monday. Viasat, Inc. has a 12-month low of $6.69 and a 12-month high of $26.70. The company has a market capitalization of $1.27 billion, a PE ratio of -2.93 and a beta of 1.38. 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’s 50-day moving average is $9.40 and its two-hundred day moving average is $10.25.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. Equities analysts anticipate that Viasat, Inc. will post -0.54 EPS for the current fiscal year.

Analyst Ratings Changes

VSAT has been the topic of several analyst reports. StockNews.com raised shares of Viasat from a “sell” rating to a “hold” rating in a report on Friday, March 7th. William Blair reissued 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 set a “neutral” rating and a $12.00 price objective on the stock. 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. Finally, Morgan Stanley decreased their price objective on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.57.

Insider Buying and Selling at Viasat

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 4,795,334 shares of the company’s stock, valued at $43,158,006. The trade was a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.20% of the company’s stock.

About Viasat

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.