JPMorgan Chase & Co. Boosts Stock Holdings in Viasat, Inc. (NASDAQ:VSAT)

JPMorgan Chase & Co. increased its holdings in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 150.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 706,792 shares of the communications equipment provider's stock after purchasing an additional 424,317 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.55% of Viasat worth $6,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in VSAT. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Viasat by 146.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 150,525 shares of the communications equipment provider's stock worth $1,367,000 after buying an additional 89,428 shares in the last quarter. EntryPoint Capital LLC lifted its position in Viasat by 722.6% during the 4th quarter. EntryPoint Capital LLC now owns 100,108 shares of the communications equipment provider's stock valued at $852,000 after acquiring an additional 87,939 shares during the period. Vanguard Group Inc. boosted its stake in Viasat by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock worth $117,216,000 after acquiring an additional 194,006 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Viasat in the fourth quarter worth about $130,000. Finally, American Century Companies Inc. grew its holdings in Viasat by 26.4% in the fourth quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider's stock worth $10,460,000 after purchasing an additional 256,389 shares during the period. Institutional investors own 86.05% of the company's stock.

Viasat Stock Performance

NASDAQ VSAT traded up $0.32 on Friday, hitting $8.49. 1,767,558 shares of the company traded hands, compared to its average volume of 2,717,323. The business's 50 day moving average price is $9.32 and its 200-day moving average price is $9.47. Viasat, Inc. has a 52-week low of $6.69 and a 52-week high of $26.70. 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 company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -2.53 and a beta of 1.06.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on VSAT shares. William Blair reissued a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. Cantor Fitzgerald began coverage on shares of Viasat in a report on Friday, January 24th. They set a "neutral" rating and a $12.00 price target on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 price target on shares of Viasat in a report on Monday, February 10th. Morgan Stanley decreased their target price on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Finally, Barclays raised their price target on Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $14.57.

Insider Buying and Selling

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business'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 transaction of $33,750,000.00. Following the sale, the insider now directly owns 4,795,334 shares of the company's stock, valued at $43,158,006. The trade was a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is currently owned by insiders.

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.