Viasat Inc. $VSAT Stock Position Raised by Northern Trust Corp

Northern Trust Corp lifted its position in Viasat Inc. (NASDAQ:VSAT) by 4.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,156,547 shares of the communications equipment provider’s stock after acquiring an additional 45,602 shares during the quarter. Northern Trust Corp owned approximately 0.90% of Viasat worth $12,051,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in Viasat by 233.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 2,224 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Viasat in the 1st quarter valued at $63,000. US Bancorp DE grew its stake in Viasat by 46.4% in the 1st quarter. US Bancorp DE now owns 6,367 shares of the communications equipment provider’s stock valued at $66,000 after buying an additional 2,019 shares during the last quarter. Wexford Capital LP acquired a new position in Viasat in the 4th quarter valued at $93,000. Finally, Teza Capital Management LLC acquired a new position in Viasat in the 4th quarter valued at $100,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Stock Performance

Shares of VSAT stock opened at $30.10 on Friday. The stock has a market cap of $4.04 billion, a P/E ratio of -6.52 and a beta of 1.27. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.11 and a quick ratio of 1.87. The company has a fifty day moving average price of $21.32 and a two-hundred day moving average price of $13.81. Viasat Inc. has a one year low of $6.69 and a one year high of $33.85.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Tuesday, August 5th. The communications equipment provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.32. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Viasat had a negative net margin of 13.11% and a negative return on equity of 6.37%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. As a group, equities analysts predict that Viasat Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Viasat from $10.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Viasat in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Viasat from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Needham & Company LLC lifted their price target on shares of Viasat from $16.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Viasat in a research note on Wednesday, August 27th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.13.

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.