Viasat, Inc. (NASDAQ:VSAT) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in Viasat, Inc. (NASDAQ:VSAT) by 60.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 74,354 shares of the communications equipment provider’s stock after acquiring an additional 27,892 shares during the quarter. New York State Common Retirement Fund’s holdings in Viasat were worth $2,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1900 Wealth Management LLC raised its position in shares of Viasat by 100.0% in the fourth quarter. 1900 Wealth Management LLC now owns 39,136 shares of the communications equipment provider’s stock valued at $1,094,000 after buying an additional 19,568 shares during the last quarter. California Public Employees Retirement System raised its holdings in Viasat by 10.2% in the 4th quarter. California Public Employees Retirement System now owns 164,682 shares of the communications equipment provider’s stock valued at $4,603,000 after acquiring an additional 15,236 shares during the last quarter. Arena Capital Advisors LLC CA purchased a new position in Viasat in the 4th quarter worth approximately $151,000. Signaturefd LLC boosted its holdings in shares of Viasat by 303.6% during the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 759 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Viasat in the fourth quarter valued at approximately $1,045,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Stock Down 0.1 %

VSAT stock opened at $17.59 on Thursday. The firm’s 50 day moving average price is $17.20 and its 200-day moving average price is $20.46. 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 $2.20 billion, a PE ratio of 2.32 and a beta of 1.31. Viasat, Inc. has a one year low of $15.02 and a one year high of $47.35.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Viasat had a net margin of 6.01% and a return on equity of 4.52%. On average, equities research analysts anticipate that Viasat, Inc. will post -1.43 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their price objective on Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.17.

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.