Hussman Strategic Advisors Inc. Invests $1.79 Million in Viasat, Inc. (NASDAQ:VSAT)

Hussman Strategic Advisors Inc. acquired a new position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 210,000 shares of the communications equipment provider's stock, valued at approximately $1,787,000. Hussman Strategic Advisors Inc. owned approximately 0.16% of Viasat as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Algert Global LLC boosted its position in Viasat by 361.3% during the 3rd quarter. Algert Global LLC now owns 77,880 shares of the communications equipment provider's stock worth $930,000 after acquiring an additional 60,998 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Viasat in the third quarter worth $710,000. Everett Harris & Co. CA acquired a new position in Viasat during the fourth quarter worth $1,111,000. JPMorgan Chase & Co. grew its position in Viasat by 115.8% in the third quarter. JPMorgan Chase & Co. now owns 282,475 shares of the communications equipment provider's stock valued at $3,373,000 after purchasing an additional 151,590 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in Viasat in the 3rd quarter valued at $1,980,000. Institutional investors and hedge funds own 86.05% of the company's stock.

Viasat Stock Performance

Shares of NASDAQ VSAT traded down $0.37 during midday trading on Friday, hitting $9.00. 2,649,313 shares of the company's stock were exchanged, compared to its average volume of 4,462,565. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $1.16 billion, a PE ratio of -2.68 and a beta of 1.35. Viasat, Inc. has a 12 month low of $6.69 and a 12 month high of $26.70. The company's 50 day moving average price is $9.34 and its 200 day moving average price is $11.30.

Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) EPS for the quarter, missing analysts' consensus estimates 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, analysts predict that Viasat, Inc. will post -0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on VSAT. William Blair restated a "market perform" rating on shares of Viasat in a research note on Friday, February 7th. Cantor Fitzgerald assumed coverage on Viasat in a research report on Friday, January 24th. They set a "neutral" rating and a $12.00 price target for the company. Barclays lowered their price target on Viasat from $24.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 20th. Morgan Stanley dropped their price objective on Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Finally, StockNews.com raised shares of Viasat from a "sell" rating to a "hold" rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.43.

Insider Buying and Selling

In related news, EVP Mark J. Miller sold 3,564 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the completion of the sale, the executive vice president now directly owns 350,351 shares in the company, valued at $3,226,732.71. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $33,750,000.00. Following the transaction, the insider now owns 4,795,334 shares in the company, valued at $43,158,006. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by insiders.

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.