Squarepoint Ops LLC Decreases Stock Holdings in Viasat, Inc. (NASDAQ:VSAT)

Squarepoint Ops LLC decreased its stake in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 72.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,390 shares of the communications equipment provider's stock after selling 93,593 shares during the quarter. Squarepoint Ops LLC's holdings in Viasat were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new position in shares of Viasat in the 2nd quarter worth $29,000. Nisa Investment Advisors LLC acquired a new position in shares of Viasat in the 2nd quarter worth approximately $67,000. nVerses Capital LLC purchased a new position in shares of Viasat in the second quarter worth approximately $81,000. Headlands Technologies LLC purchased a new stake in shares of Viasat in the first quarter worth approximately $86,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Viasat by 49.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,025 shares of the communications equipment provider's stock worth $112,000 after purchasing an additional 1,335 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Trading Down 5.2 %

Viasat stock traded down $0.59 during mid-day trading on Thursday, hitting $10.67. The company's stock had a trading volume of 2,361,233 shares, compared to its average volume of 1,722,029. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.78 and a current ratio of 3.08. The stock has a market cap of $1.34 billion, a PE ratio of -1.28 and a beta of 1.34. The company has a 50 day moving average of $15.34 and a 200-day moving average of $15.83. Viasat, Inc. has a one year low of $10.57 and a one year high of $29.11.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.16. Viasat had a negative return on equity of 19.76% and a negative net margin of 22.13%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company earned ($0.83) EPS. The firm's revenue was up 41.1% compared to the same quarter last year. On average, research analysts anticipate that Viasat, Inc. will post -1.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VSAT. JPMorgan Chase & Co. cut shares of Viasat from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $29.00 to $15.00 in a research note on Tuesday, September 17th. Bank of America reduced their price objective on shares of Viasat from $31.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, September 20th. Morgan Stanley lowered their target price on Viasat from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 18th. StockNews.com lowered Viasat from a "hold" rating to a "sell" rating in a research note on Saturday, August 31st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $28.00 price target on shares of Viasat in a report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.33.

Insider Transactions at Viasat

In other news, insider Cpp Investment Board Private H sold 2,811,442 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.90, for a total value of $55,947,695.80. Following the completion of the sale, the insider now owns 8,545,334 shares of the company's stock, valued at $170,052,146.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.10% of the company's stock.

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.