Voya Investment Management LLC Lowers Stock Holdings in Viasat Inc. $VSAT

Voya Investment Management LLC reduced its position in Viasat Inc. (NASDAQ:VSAT) by 10.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 33,490 shares of the communications equipment provider’s stock after selling 4,088 shares during the period. Voya Investment Management LLC’s holdings in Viasat were worth $349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Viasat by 43.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 149,070 shares of the communications equipment provider’s stock valued at $1,269,000 after purchasing an additional 44,804 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Viasat by 7.0% in the 4th quarter. California State Teachers Retirement System now owns 86,102 shares of the communications equipment provider’s stock valued at $733,000 after purchasing an additional 5,660 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Viasat by 1,951.4% in the 1st quarter. GAMMA Investing LLC now owns 22,955 shares of the communications equipment provider’s stock valued at $2,203,000 after purchasing an additional 21,836 shares during the last quarter. Intellectus Partners LLC boosted its holdings in shares of Viasat by 120.9% in the 1st quarter. Intellectus Partners LLC now owns 40,650 shares of the communications equipment provider’s stock valued at $424,000 after purchasing an additional 22,250 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Viasat in the 1st quarter valued at $281,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VSAT has been the topic of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of Viasat in a report on Wednesday, August 27th. JPMorgan Chase & Co. lifted their target price on shares of Viasat from $10.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Viasat from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Viasat in a report on Thursday, August 7th. Finally, Needham & Company LLC lifted their target price on shares of Viasat from $16.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Viasat presently has a consensus rating of “Hold” and a consensus target price of $21.43.

Insider Buying and Selling

In other Viasat news, Director Richard A. Baldridge sold 100,000 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $31.00, for a total value of $3,100,000.00. Following the transaction, the director owned 197,161 shares in the company, valued at $6,111,991. The trade was a 33.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.

Viasat Stock Performance

Shares of VSAT stock opened at $28.93 on Monday. Viasat Inc. has a 12 month low of $6.69 and a 12 month high of $34.05. 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 firm has a market capitalization of $3.88 billion, a P/E ratio of -6.26 and a beta of 1.26. The company’s fifty day moving average price is $26.09 and its two-hundred day moving average price is $16.24.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.32. Viasat had a negative net margin of 13.11% and a negative return on equity of 6.37%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that Viasat Inc. will post -0.54 earnings per share 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.