Inspire Advisors LLC Makes New Investment in Viasat Inc. $VSAT

Inspire Advisors LLC bought a new stake in shares of Viasat Inc. (NASDAQ:VSATFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 153,532 shares of the communications equipment provider’s stock, valued at approximately $4,498,000. Viasat comprises about 0.4% of Inspire Advisors LLC’s portfolio, making the stock its 26th biggest holding. Inspire Advisors LLC owned approximately 0.11% of Viasat as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in Viasat by 48.6% in the 3rd quarter. Amalgamated Bank now owns 38,122 shares of the communications equipment provider’s stock valued at $1,117,000 after purchasing an additional 12,467 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Viasat in the third quarter worth about $25,000. New York State Teachers Retirement System boosted its position in Viasat by 40.0% during the third quarter. New York State Teachers Retirement System now owns 110,070 shares of the communications equipment provider’s stock worth $3,225,000 after acquiring an additional 31,447 shares during the last quarter. Forum Financial Management LP purchased a new stake in Viasat during the 3rd quarter valued at about $207,000. Finally, Oregon Public Employees Retirement Fund lifted its stake in Viasat by 56.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 30,265 shares of the communications equipment provider’s stock worth $887,000 after purchasing an additional 10,900 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Stock Performance

Shares of Viasat stock opened at $45.94 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.08 and a quick ratio of 1.84. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -11.49 and a beta of 1.39. The business has a 50-day moving average of $36.20 and a 200 day moving average of $30.74. Viasat Inc. has a 12 month low of $7.36 and a 12 month high of $46.43.

Viasat (NASDAQ:VSATGet Free Report) last posted its quarterly earnings data on Saturday, November 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.20. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. Viasat had a negative return on equity of 3.65% and a negative net margin of 11.40%.The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) earnings per share. As a group, sell-side analysts forecast that Viasat Inc. will post -0.54 earnings per share for the current year.

Key Headlines Impacting Viasat

Here are the key news stories impacting Viasat this week:

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VSAT. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research report on Wednesday, October 8th. William Blair reaffirmed an “outperform” rating on shares of Viasat in a research report on Tuesday, January 13th. Barclays reiterated an “underweight” rating and issued a $23.00 price objective (up from $10.00) on shares of Viasat in a research report on Wednesday, October 1st. Raymond James Financial raised Viasat from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research note on Monday, November 10th. Finally, Needham & Company LLC increased their price target on Viasat from $25.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.63.

Check Out Our Latest Research Report on Viasat

Insider Activity

In related news, SVP Robert James Blair sold 2,269 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $35.61, for a total transaction of $80,799.09. Following the completion of the sale, the senior vice president owned 68,519 shares in the company, valued at $2,439,961.59. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Benjamin Edward Palmer sold 2,780 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $36.06, for a total transaction of $100,246.80. Following the completion of the transaction, the insider owned 27,831 shares in the company, valued at $1,003,585.86. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 356,529 shares of company stock valued at $13,105,888 over the last three months. 2.20% of the stock is currently owned by corporate insiders.

Viasat Profile

(Free Report)

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.

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Institutional Ownership by Quarter for Viasat (NASDAQ:VSAT)

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