Quantbot Technologies LP Invests $636,000 in Viasat, Inc. (NASDAQ:VSAT)

Quantbot Technologies LP acquired a new stake in Viasat, Inc. (NASDAQ:VSAT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 74,734 shares of the communications equipment provider's stock, valued at approximately $636,000. Quantbot Technologies LP owned 0.06% of Viasat as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Disciplined Growth Investors Inc. MN lifted its stake in Viasat by 28.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider's stock worth $52,766,000 after acquiring an additional 969,942 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Viasat by 23.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider's stock valued at $16,063,000 after purchasing an additional 364,072 shares in the last quarter. South Dakota Investment Council lifted its position in shares of Viasat by 98.5% during the 4th quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider's stock worth $5,747,000 after purchasing an additional 335,082 shares during the last quarter. State Street Corp grew its stake in shares of Viasat by 6.6% during the third quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider's stock worth $53,083,000 after purchasing an additional 276,376 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Viasat in the fourth quarter valued at $1,801,000. 86.05% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $9.00, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VSAT shares. Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Monday, March 24th. StockNews.com raised Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Cantor Fitzgerald initiated coverage on shares of Viasat in a report on Friday, January 24th. They set a "neutral" rating and a $12.00 price objective on the stock. Morgan Stanley lowered their target price on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 target price on shares of Viasat in a research report on Monday, February 10th. 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, Viasat has an average rating of "Hold" and an average price target of $14.57.

Viasat Stock Performance

NASDAQ:VSAT traded down $0.50 during trading hours on Monday, reaching $10.42. 2,265,639 shares of the company's stock were exchanged, compared to its average volume of 2,622,199. 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 firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -3.10 and a beta of 1.38. The company has a 50-day moving average of $9.81 and a 200 day moving average of $9.85.

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