Mutual of America Capital Management LLC Sells 235,402 Shares of Viasat, Inc. (NASDAQ:VSAT)

Mutual of America Capital Management LLC reduced its position in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 62.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,992 shares of the communications equipment provider's stock after selling 235,402 shares during the quarter. Mutual of America Capital Management LLC owned about 0.11% of Viasat worth $1,683,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Point72 Asset Management L.P. raised 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 buying an additional 250,389 shares in the last quarter. Millennium Management LLC increased 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 purchasing an additional 750,904 shares during the last quarter. Waypoint Capital Advisors LLC raised its holdings in shares of Viasat by 40.4% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 191,304 shares of the communications equipment provider's stock valued at $2,284,000 after buying an additional 55,000 shares in the last quarter. Seven Eight Capital LP bought a new stake in Viasat in the 2nd quarter worth approximately $509,000. Finally, Vanguard Group Inc. boosted its stake in Viasat by 2.9% in the first quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider's stock worth $226,711,000 after buying an additional 348,166 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.

Viasat Trading Down 11.2 %

NASDAQ:VSAT traded down $1.09 during mid-day trading on Tuesday, reaching $8.62. 2,035,121 shares of the company's stock traded hands, compared to its average volume of 1,896,485. The company has a 50 day moving average price of $10.43 and a 200-day moving average price of $14.18. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -2.85 and a beta of 1.37. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. Viasat, Inc. has a 12-month low of $6.69 and a 12-month high of $29.11.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.53). Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm posted ($6.16) earnings per share. Viasat's quarterly revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts predict that Viasat, Inc. will post -2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on VSAT shares. Needham & Company LLC decreased their price target on shares of Viasat from $28.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, October 15th. StockNews.com cut shares of Viasat from a "hold" rating to a "sell" rating in a research report on Saturday, August 31st. JPMorgan Chase & Co. lowered shares of Viasat from an "overweight" rating to a "neutral" rating and cut their price target for the company from $29.00 to $15.00 in a research report on Tuesday, September 17th. Barclays decreased their price objective on Viasat from $24.00 to $9.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 20th. Finally, Bank of America dropped their target price on Viasat from $31.00 to $19.00 and set a "buy" rating for the company in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.33.

Viasat Company 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.