Mutual of America Capital Management LLC Has $109,000 Position in Viasat, Inc. (NASDAQ:VSAT)

Mutual of America Capital Management LLC reduced its position in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 90.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,837 shares of the communications equipment provider's stock after selling 128,155 shares during the period. Mutual of America Capital Management LLC's holdings in Viasat were worth $109,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VSAT. National Bank of Canada FI acquired a new stake in 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 approximately $28,000. KBC Group NV lifted its stake in Viasat by 63.7% during the 3rd 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 during the period. Venturi Wealth Management LLC acquired a new stake in Viasat during the 4th quarter valued at approximately $31,000. Finally, Caitlin John LLC lifted its stake in Viasat by 274.4% during the 4th quarter. Caitlin John LLC now owns 10,259 shares of the communications equipment provider's stock valued at $87,000 after acquiring an additional 7,519 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 completion of the sale, the insider now directly owns 4,795,334 shares of the company's stock, valued at $43,158,006. This trade represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.20% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have commented on VSAT shares. Morgan Stanley decreased their price objective on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Needham & Company LLC reissued a "buy" rating and issued a $19.00 price target on shares of Viasat in a report on Monday, February 10th. Cantor Fitzgerald assumed coverage on shares of Viasat in a research note on Friday, January 24th. They set a "neutral" rating and a $12.00 target price on the stock. StockNews.com raised shares of Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, William Blair reaffirmed a "market perform" rating on shares of Viasat in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $15.57.

Viasat Stock Up 5.0 %

Viasat stock traded up $0.47 during mid-day trading on Friday, hitting $9.85. The company had a trading volume of 2,036,564 shares, compared to its average volume of 2,528,571. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -2.93 and a beta of 1.38. Viasat, Inc. has a 1 year low of $6.69 and a 1 year high of $26.70. 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 business has a fifty day moving average of $9.39 and a 200 day moving average of $10.39.

Viasat (NASDAQ:VSAT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) 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%. On average, sell-side analysts expect that Viasat, Inc. will post -0.54 earnings per share for the current fiscal year.

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.