ExodusPoint Capital Management LP Has $1.05 Million Stake in Viasat, Inc. (NASDAQ:VSAT)

ExodusPoint Capital Management LP lessened its holdings in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,348 shares of the communications equipment provider's stock after selling 47,047 shares during the period. ExodusPoint Capital Management LP owned about 0.10% of Viasat worth $1,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VSAT. AlphaQuest LLC boosted its position in shares of Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock worth $38,000 after buying an additional 1,255 shares during the period. Steward Partners Investment Advisory LLC lifted 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. The Manufacturers Life Insurance Company boosted its stake in shares of Viasat by 2.6% in the third quarter. The Manufacturers Life Insurance Company now owns 63,656 shares of the communications equipment provider's stock valued at $760,000 after purchasing an additional 1,584 shares during the period. National Bank of Canada FI purchased a new position in Viasat in the 3rd quarter valued at about $27,000. Finally, Arizona State Retirement System lifted its stake in shares of Viasat by 10.2% in the fourth quarter. Arizona State Retirement System now owns 25,947 shares of the communications equipment provider's stock worth $221,000 after acquiring an additional 2,391 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

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Insider Buying and Selling

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat stock in a transaction 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 completion of the sale, the insider now owns 4,795,334 shares of the company's stock, valued at approximately $43,158,006. This trade represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VSAT. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Monday, March 24th. William Blair reaffirmed a "market perform" rating on shares of Viasat in a report on Tuesday. Barclays upped their price target on Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 price objective on shares of Viasat in a report on Monday, February 10th. Finally, Cantor Fitzgerald initiated coverage on shares of Viasat in a report on Friday, January 24th. They set a "neutral" rating and a $12.00 target price on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.57.

Viasat Price Performance

VSAT traded down $0.06 during trading on Wednesday, reaching $8.48. The stock had a trading volume of 345,857 shares, compared to its average volume of 2,689,631. 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 $1.10 billion, a price-to-earnings ratio of -2.53 and a beta of 1.06. The stock has a 50 day moving average of $9.44 and a two-hundred day moving average of $9.53. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (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%. As a group, equities analysts anticipate that Viasat, Inc. will post -0.54 EPS for the current fiscal year.

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.