Waypoint Capital Advisors LLC Raises Stock Holdings in Viasat, Inc. (NASDAQ:VSAT)

Waypoint Capital Advisors LLC raised its position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 40.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,304 shares of the communications equipment provider's stock after buying an additional 55,000 shares during the quarter. Waypoint Capital Advisors LLC owned about 0.15% of Viasat worth $2,284,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VSAT. Millennium Management LLC raised its position in shares of Viasat by 1,145.1% during the 2nd quarter. Millennium Management LLC now owns 816,478 shares of the communications equipment provider's stock valued at $10,369,000 after buying an additional 750,904 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Viasat by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider's stock valued at $226,711,000 after purchasing an additional 348,166 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of Viasat in the 1st quarter worth approximately $5,936,000. Lee Danner & Bass Inc. bought a new position in shares of Viasat during the 2nd quarter valued at approximately $3,531,000. Finally, Point72 Asset Management L.P. increased its position in shares of Viasat by 63.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 644,155 shares of the communications equipment provider's stock valued at $8,181,000 after purchasing an additional 250,389 shares during the last quarter. Institutional investors own 86.05% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VSAT. Bank of America lowered their price target on Viasat from $31.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. cut shares of Viasat from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $29.00 to $15.00 in a research note on Tuesday, September 17th. StockNews.com lowered shares of Viasat from a "hold" rating to a "sell" rating in a research report on Saturday, August 31st. Finally, Needham & Company LLC dropped their target price on Viasat from $28.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.83.

Viasat Trading Down 3.8 %

VSAT stock traded down $0.44 during trading on Friday, hitting $11.12. The company had a trading volume of 1,905,244 shares, compared to its average volume of 2,214,461. Viasat, Inc. has a 52-week low of $10.40 and a 52-week high of $29.11. The company has a 50 day simple moving average of $14.14 and a 200-day simple moving average of $15.52. The firm has a market capitalization of $1.42 billion, a P/E ratio of -1.35 and a beta of 1.34. The company has a quick ratio of 2.78, a current ratio of 3.08 and a debt-to-equity ratio of 1.40.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.16. Viasat had a negative net margin of 22.13% and a negative return on equity of 19.76%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted ($0.83) earnings per share. The company's revenue was up 41.1% on a year-over-year basis. As a group, research analysts forecast that Viasat, Inc. will post -1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Viasat

In other news, insider Cpp Investment Board Private H sold 2,811,442 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.90, for a total transaction of $55,947,695.80. Following the transaction, the insider now owns 8,545,334 shares of the company's stock, valued at approximately $170,052,146.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is currently owned by corporate insiders.

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.