Vanguard Group Inc. Purchases 194,006 Shares of Viasat, Inc. (NASDAQ:VSAT)

Vanguard Group Inc. increased its position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,773,860 shares of the communications equipment provider's stock after acquiring an additional 194,006 shares during the quarter. Vanguard Group Inc. owned about 10.73% of Viasat worth $117,216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its position in shares of Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 1,267 shares in the last quarter. National Bank of Canada FI acquired a new stake in Viasat during the 3rd quarter worth $27,000. Venturi Wealth Management LLC bought a new position in Viasat during the fourth quarter worth about $31,000. AlphaQuest LLC grew its position in shares of Viasat by 39.0% in the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 1,255 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Viasat by 107.9% in the fourth quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider's stock valued at $46,000 after buying an additional 2,830 shares during the period. Institutional investors and hedge funds own 86.05% of the company's stock.

Viasat Stock Performance

NASDAQ:VSAT traded up $0.12 on Friday, hitting $8.38. The company's stock had a trading volume of 1,780,398 shares, compared to its average volume of 2,700,248. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $1.08 billion, a P/E ratio of -2.49 and a beta of 1.06. Viasat, Inc. has a one year low of $6.69 and a one year high of $26.70. The stock has a fifty day moving average of $9.48 and a two-hundred day moving average of $9.57.

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Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings data 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%. Research analysts predict that Viasat, Inc. will post -0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Cantor Fitzgerald initiated coverage on Viasat in a report on Friday, January 24th. They issued a "neutral" rating and a $12.00 price target 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. Needham & Company LLC reissued a "buy" rating and set a $19.00 price target on shares of Viasat in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Monday, March 24th. Finally, William Blair reiterated a "market perform" rating on shares of Viasat in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Viasat currently has an average rating of "Hold" and a consensus price target of $14.57.

Insider Transactions at Viasat

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat stock in a transaction dated Monday, February 10th. The shares were 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 owns 4,795,334 shares in the company, valued at $43,158,006. The trade was a 43.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.20% of the company's stock.

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.