Mirae Asset Global Investments Co. Ltd. Acquires 21,056 Shares of Viasat, Inc. (NASDAQ:VSAT)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Viasat, Inc. (NASDAQ:VSAT) by 36.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 78,406 shares of the communications equipment provider’s stock after buying an additional 21,056 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Viasat were worth $2,191,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Carolina Wealth Advisors LLC increased its stake in Viasat by 108.6% in the 4th quarter. Carolina Wealth Advisors LLC now owns 31,260 shares of the communications equipment provider’s stock worth $874,000 after acquiring an additional 16,274 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Viasat in the 4th quarter worth about $211,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Viasat by 24.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,848 shares of the communications equipment provider’s stock worth $387,000 after purchasing an additional 2,750 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Viasat by 36.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,702 shares of the communications equipment provider’s stock worth $495,000 after purchasing an additional 4,741 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Viasat by 40.3% in the 3rd quarter. Vanguard Group Inc. now owns 11,897,337 shares of the communications equipment provider’s stock worth $219,625,000 after purchasing an additional 3,417,316 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their price objective on Viasat from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, February 23rd. One investment 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.17.

Viasat Price Performance

VSAT opened at $15.83 on Friday. The stock’s 50 day simple moving average is $18.02 and its 200 day simple moving average is $20.58. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.71 and a quick ratio of 2.46. Viasat, Inc. has a 1 year low of $15.02 and a 1 year high of $47.35. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 2.09 and a beta of 1.33.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.85). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Viasat had a return on equity of 4.52% and a net margin of 6.01%. As a group, analysts predict that Viasat, Inc. will post -1.43 earnings per share for the current year.

Viasat 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.