Landscape Capital Management L.L.C. Makes New Investment in Viasat, Inc. (NASDAQ:VSAT)

Landscape Capital Management L.L.C. bought a new position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,426 shares of the communications equipment provider's stock, valued at approximately $710,000.

A number of other hedge funds also recently bought and sold shares of VSAT. Quest Partners LLC purchased a new position in shares of Viasat in the 2nd quarter worth approximately $29,000. KBC Group NV boosted its stake in 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. GAMMA Investing LLC increased its position in shares of Viasat by 176.3% during the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider's stock worth $33,000 after purchasing an additional 1,772 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Viasat during the 2nd quarter valued at $61,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Viasat in the 2nd quarter worth $67,000. Hedge funds and other institutional investors own 86.05% of the company's stock.

Analyst Upgrades and Downgrades

VSAT has been the topic of several recent analyst reports. Needham & Company LLC reduced their target price on Viasat from $28.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. StockNews.com downgraded shares of Viasat from a "hold" rating to a "sell" rating in a report on Saturday, August 31st. JPMorgan Chase & Co. downgraded shares of Viasat from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $29.00 to $15.00 in a research report on Tuesday, September 17th. Barclays cut their price target 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. Finally, Bank of America cut their target price on Viasat from $31.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $18.33.

Viasat Stock Performance

Shares of Viasat stock traded up $1.08 during trading on Friday, hitting $9.41. 8,681,239 shares of the company's stock were exchanged, compared to its average volume of 3,065,175. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.02 and a beta of 1.37. The business has a 50-day simple moving average of $10.51 and a 200-day simple moving average of $14.23. Viasat, Inc. has a 52-week low of $6.69 and a 52-week high of $29.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44.

Viasat (NASDAQ:VSAT - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.53). Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned ($6.16) EPS. The business's quarterly revenue was down 8.4% compared to the same quarter last year. On average, research analysts forecast that Viasat, Inc. will post -2.38 EPS for the current year.

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.