Viasat, Inc. (NASDAQ:VSAT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Viasat, Inc. (NASDAQ:VSAT – Get Rating) by 30.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,619 shares of the communications equipment provider’s stock after selling 2,861 shares during the quarter. SG Americas Securities LLC’s holdings in Viasat were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of Viasat by 35.9% during the fourth quarter. Bank of Montreal Can now owns 9,669 shares of the communications equipment provider’s stock worth $307,000 after buying an additional 2,552 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Viasat by 13.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 68,711 shares of the communications equipment provider’s stock worth $2,175,000 after acquiring an additional 8,001 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Viasat by 4.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,178 shares of the communications equipment provider’s stock valued at $227,000 after acquiring an additional 336 shares during the last quarter. Hi Line Capital Management LLC lifted its stake in shares of Viasat by 9.8% during the 4th quarter. Hi Line Capital Management LLC now owns 361,276 shares of the communications equipment provider’s stock worth $11,434,000 after purchasing an additional 32,149 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in shares of Viasat by 4.1% during the fourth quarter. New York State Teachers Retirement System now owns 76,572 shares of the communications equipment provider’s stock worth $2,424,000 after purchasing an additional 3,041 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Viasat

In other news, EVP Keven K. Lippert sold 2,700 shares of Viasat stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $35.00, for a total transaction of $94,500.00. Following the sale, the executive vice president now directly owns 11,624 shares of the company’s stock, valued at $406,840. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 8,972 shares of company stock valued at $301,811. 4.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VSAT. William Blair cut Viasat from an “outperform” rating to a “market perform” rating in a report on Thursday, January 26th. Needham & Company LLC restated a “buy” rating and set a $44.00 price objective on shares of Viasat in a report on Wednesday, February 8th. Barclays decreased their price objective on Viasat from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 15th. Morgan Stanley decreased their price objective on Viasat from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, March 23rd. Finally, StockNews.com started coverage on Viasat in a report on Thursday, March 16th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $53.00.

Viasat Trading Down 2.0 %

Shares of VSAT opened at $36.10 on Friday. The stock’s 50-day moving average is $34.49 and its two-hundred day moving average is $34.23. The stock has a market cap of $2.76 billion, a PE ratio of -19.30 and a beta of 1.27. Viasat, Inc. has a 12 month low of $25.38 and a 12 month high of $44.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.47 and a quick ratio of 1.16.

Viasat (NASDAQ:VSAT – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The communications equipment provider reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.26). The company had revenue of $651.44 million for the quarter, compared to analyst estimates of $673.07 million. Viasat had a negative return on equity of 6.39% and a negative net margin of 5.23%. Equities analysts forecast that Viasat, Inc. will post 12.82 earnings per share for the current fiscal year.

Viasat Profile

(Get Rating)

ViaSat, Inc provides communications technologies and services. It operates through following segments: Satellite Services, Commercial Networks and Government Systems. The Satellite Services segment provides satellite-based high-speed broadband services with multiple applications to consumers, enterprises, and mobile broadband customers (including commercial airlines and maritime vessels) both in the United States and abroad.