Hsbc Holdings PLC Has $227,000 Stock Position in Viasat Inc. $VSAT

Hsbc Holdings PLC cut its holdings in Viasat Inc. (NASDAQ:VSAT) by 64.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,019 shares of the communications equipment provider’s stock after selling 39,475 shares during the quarter. Hsbc Holdings PLC’s holdings in Viasat were worth $227,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Viasat during the first quarter worth approximately $20,593,000. Two Sigma Investments LP raised its position in Viasat by 538.7% in the 4th quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider’s stock valued at $9,673,000 after buying an additional 958,706 shares during the last quarter. Vanguard Group Inc. raised its position in Viasat by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 14,646,644 shares of the communications equipment provider’s stock valued at $152,618,000 after buying an additional 872,784 shares during the last quarter. Tenzing Global Management LLC purchased a new stake in Viasat in the 4th quarter valued at $7,170,000. Finally, Bank of America Corp DE raised its position in Viasat by 149.6% in the 4th quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider’s stock valued at $11,618,000 after buying an additional 818,301 shares during the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VSAT has been the subject of a number of analyst reports. Needham & Company LLC increased their price target on Viasat from $16.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Viasat in a research report on Thursday, August 7th. B. Riley lowered their price target on Viasat from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, May 27th. William Blair restated an “outperform” rating on shares of Viasat in a research note on Wednesday, August 27th. Finally, JPMorgan Chase & Co. upped their price objective on Viasat from $10.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Viasat currently has a consensus rating of “Hold” and an average target price of $21.13.

Viasat Stock Down 1.5%

VSAT stock opened at $29.65 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.87 and a current ratio of 2.11. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of -6.42 and a beta of 1.27. Viasat Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $33.85. The stock has a fifty day moving average of $21.62 and a 200-day moving average of $13.95.

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