Viasat Inc. $VSAT Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its holdings in Viasat Inc. (NASDAQ:VSAT) by 746.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,567 shares of the communications equipment provider’s stock after acquiring an additional 11,964 shares during the quarter. AlphaQuest LLC’s holdings in Viasat were worth $198,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Viasat by 233.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 2,224 shares in the last quarter. MAI Capital Management increased its holdings in Viasat by 74.7% in the first quarter. MAI Capital Management now owns 3,836 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 1,640 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Viasat in the second quarter valued at about $43,000. Quarry LP increased its holdings in Viasat by 2,412.3% in the first quarter. Quarry LP now owns 5,728 shares of the communications equipment provider’s stock valued at $60,000 after buying an additional 5,500 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Viasat in the first quarter valued at about $63,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Stock Up 2.2%

NASDAQ:VSAT opened at $39.82 on Monday. The firm has a market capitalization of $5.35 billion, a PE ratio of -8.62 and a beta of 1.21. The stock has a 50 day moving average of $32.85 and a 200-day moving average of $20.80. Viasat Inc. has a 52 week low of $6.69 and a 52 week high of $40.47. The company has a current ratio of 2.11, a quick ratio of 1.87 and a debt-to-equity ratio of 1.42.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.32. The business 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 business’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Analysts predict that Viasat Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on VSAT. Needham & Company LLC boosted their price objective on Viasat from $16.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Viasat in a report on Thursday, August 7th. William Blair reissued an “outperform” rating on shares of Viasat in a report on Wednesday, August 27th. Wall Street Zen raised Viasat from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.29.

Insider Activity

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

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.