Signaturefd LLC Has $28,000 Position in Viasat, Inc. (NASDAQ:VSAT)

Signaturefd LLC increased its position in shares of Viasat, Inc. (NASDAQ:VSAT) by 303.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,009 shares of the communications equipment provider’s stock after purchasing an additional 759 shares during the period. Signaturefd LLC’s holdings in Viasat were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Viasat by 40.3% in the 3rd quarter. Vanguard Group Inc. now owns 11,897,337 shares of the communications equipment provider’s stock valued at $219,625,000 after acquiring an additional 3,417,316 shares in the last quarter. Jump Financial LLC raised its holdings in Viasat by 696.1% in the 3rd quarter. Jump Financial LLC now owns 121,311 shares of the communications equipment provider’s stock valued at $2,239,000 after acquiring an additional 106,073 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Viasat by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,096 shares of the communications equipment provider’s stock valued at $14,807,000 after acquiring an additional 50,252 shares in the last quarter. Invesco Ltd. raised its holdings in Viasat by 68.0% in the 3rd quarter. Invesco Ltd. now owns 1,133,429 shares of the communications equipment provider’s stock valued at $20,923,000 after acquiring an additional 458,959 shares in the last quarter. Finally, CI Investments Inc. acquired a new position in Viasat in the 3rd quarter valued at $120,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays dropped 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 issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.17.

Viasat Trading Up 2.5 %

Shares of VSAT opened at $17.21 on Friday. Viasat, Inc. has a 52-week low of $15.02 and a 52-week high of $47.35. The business’s fifty day moving average is $17.32 and its 200-day moving average is $20.56. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.46 and a current ratio of 2.71. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 2.27 and a beta of 1.31.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 6.01% and a return on equity of 4.52%. Equities analysts anticipate that Viasat, Inc. will post -1.43 EPS for the current fiscal 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.