Headlands Technologies LLC Takes Position in Viasat, Inc. (NASDAQ:VSAT)

Headlands Technologies LLC acquired a new position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 73,508 shares of the communications equipment provider's stock, valued at approximately $626,000. Headlands Technologies LLC owned about 0.06% of Viasat as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its stake in Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 1,267 shares during the period. National Bank of Canada FI acquired a new position in shares of Viasat in the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd acquired a new stake in Viasat during the 3rd quarter valued at $28,000. Venturi Wealth Management LLC acquired a new stake in Viasat during the 4th quarter valued at $31,000. Finally, New Age Alpha Advisors LLC bought a new position in Viasat in the 4th quarter valued at $35,000. Institutional investors own 86.05% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Barclays increased their target price on Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. William Blair reiterated a "market perform" rating on shares of Viasat in a research report on Friday, February 7th. Needham & Company LLC restated a "buy" rating and set a $19.00 target price on shares of Viasat in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Monday, March 24th. Finally, StockNews.com raised shares of Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $14.57.

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Viasat Stock Down 7.4 %

VSAT stock traded down $0.66 during mid-day trading on Monday, reaching $8.24. The company had a trading volume of 1,977,834 shares, compared to its average volume of 2,654,326. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $26.70. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -2.42 and a beta of 1.06. 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 stock has a 50 day simple moving average of $9.67 and a two-hundred day simple moving average of $9.76.

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 (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. As a group, equities analysts predict that Viasat, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Transactions at Viasat

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the transaction, the insider now owns 4,795,334 shares in the company, valued at $43,158,006. This trade represents a 43.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Viasat 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.