Jump Financial LLC Buys 360,319 Shares of Viasat, Inc. (NASDAQ:VSAT)

Jump Financial LLC boosted its stake in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 2,709.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,620 shares of the communications equipment provider's stock after purchasing an additional 360,319 shares during the period. Jump Financial LLC owned about 0.29% of Viasat worth $3,180,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC increased its holdings in shares of Viasat by 253.3% during the fourth quarter. Guggenheim Capital LLC now owns 58,236 shares of the communications equipment provider's stock worth $496,000 after buying an additional 41,751 shares in the last quarter. XTX Topco Ltd bought a new position in Viasat in the fourth quarter valued at about $742,000. Mariner LLC acquired a new stake in shares of Viasat during the fourth quarter valued at about $682,000. Sterling Capital Management LLC increased its stake in shares of Viasat by 850.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after buying an additional 3,546 shares during the period. Finally, Neuberger Berman Group LLC raised its holdings in Viasat by 16.1% in the 4th quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider's stock valued at $42,912,000 after buying an additional 700,533 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Insiders Place Their Bets

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the sale, the insider now directly owns 4,795,334 shares of the company's stock, valued at $43,158,006. This represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.20% of the company's stock.

Viasat Price Performance

VSAT opened at $8.49 on Friday. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The firm has a 50-day moving average of $9.33 and a 200 day moving average of $9.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. The firm has a market cap of $1.10 billion, a P/E ratio of -2.53 and a beta of 1.06.

Viasat (NASDAQ:VSAT - Get Free Report) last released its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. On average, research analysts expect that Viasat, Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VSAT shares. Needham & Company LLC reissued a "buy" rating and set a $19.00 target price on shares of Viasat in a report on Monday, February 10th. StockNews.com raised shares of Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. William Blair reiterated a "market perform" rating on shares of Viasat in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Monday, March 24th. Finally, Morgan Stanley decreased their price objective on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $14.57.

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.

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