Viasat, Inc. (NASDAQ:VSAT) Shares Sold by Warburg Pincus LLC

Warburg Pincus LLC trimmed its position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 25.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,390,687 shares of the communications equipment provider's stock after selling 2,811,443 shares during the quarter. Viasat accounts for approximately 5.1% of Warburg Pincus LLC's holdings, making the stock its 5th largest position. Warburg Pincus LLC owned approximately 6.54% of Viasat worth $100,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in Viasat in the third quarter worth about $28,000. Quest Partners LLC purchased a new position in shares of Viasat during the 2nd quarter worth $29,000. KBC Group NV grew its holdings in Viasat by 63.7% during the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider's stock valued at $31,000 after purchasing an additional 1,021 shares during the period. GAMMA Investing LLC increased its holdings in Viasat by 176.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider's stock worth $33,000 after acquiring an additional 1,772 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Viasat during the 2nd quarter valued at $61,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Viasat Stock Performance

Shares of VSAT stock traded up $0.06 during trading hours on Friday, reaching $8.80. The company had a trading volume of 2,190,877 shares, compared to its average volume of 3,692,358. The stock has a fifty day moving average of $9.84 and a 200-day moving average of $13.68. 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 issued its quarterly earnings data 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). The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.11 billion. Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The firm's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted ($6.16) earnings per share. As a group, equities analysts forecast that Viasat, Inc. will post -2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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