Viasat, Inc. (NASDAQ:VSAT) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its holdings in Viasat, Inc. (NASDAQ:VSAT) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,140 shares of the communications equipment provider’s stock after selling 4,845 shares during the quarter. Alliancebernstein L.P. owned 0.10% of Viasat worth $1,133,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its stake in shares of Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,267 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Viasat in the 4th quarter worth approximately $31,000. New Age Alpha Advisors LLC bought a new position in shares of Viasat in the fourth quarter valued at approximately $35,000. AlphaQuest LLC raised its holdings in Viasat by 39.0% during the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 1,255 shares in the last quarter. Finally, KBC Group NV lifted its position in Viasat by 107.9% in the fourth quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 2,830 shares during the period. Institutional investors own 86.05% of the company’s stock.

Viasat Stock Performance

NASDAQ VSAT opened at $8.49 on Friday. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $26.70. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The company’s 50-day simple moving average is $9.32 and its 200 day simple moving average is $9.48. The stock has a market cap of $1.10 billion, a P/E ratio of -2.53 and a beta of 1.06.

Viasat (NASDAQ:VSAT) last announced its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. As a group, research analysts forecast that Viasat, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the transaction, the insider now owns 4,795,334 shares of the company’s stock, valued at $43,158,006. This represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VSAT has been the subject of a number of research reports. StockNews.com upgraded shares of Viasat from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley decreased their price target on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, March 24th. Barclays lifted their price objective on shares of Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $19.00 price target on shares of Viasat in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Viasat has a consensus rating of “Hold” and a consensus price target of $14.57.

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.