Viasat, Inc. (NASDAQ:VSAT) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Viasat, Inc. (NASDAQ:VSAT) by 8.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,523,465 shares of the communications equipment provider’s stock after buying an additional 115,909 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Viasat were worth $18,190,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC increased its position in Viasat by 1,145.1% in the 2nd quarter. Millennium Management LLC now owns 816,478 shares of the communications equipment provider’s stock worth $10,369,000 after purchasing an additional 750,904 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Viasat during the second quarter valued at approximately $3,531,000. Point72 Asset Management L.P. lifted its stake in Viasat by 63.6% in the second quarter. Point72 Asset Management L.P. now owns 644,155 shares of the communications equipment provider’s stock valued at $8,181,000 after acquiring an additional 250,389 shares during the last quarter. Bank of New York Mellon Corp grew its position in Viasat by 25.7% in the second quarter. Bank of New York Mellon Corp now owns 796,368 shares of the communications equipment provider’s stock worth $10,114,000 after acquiring an additional 162,804 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Viasat by 31.4% during the 2nd quarter. Rhumbline Advisers now owns 301,566 shares of the communications equipment provider’s stock worth $3,830,000 after purchasing an additional 72,104 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Price Performance

Shares of NASDAQ:VSAT opened at $8.80 on Friday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -2.82 and a beta of 1.34. The business has a 50 day moving average price of $9.84 and a 200 day moving average price of $13.68. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $29.11.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.53). Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted ($6.16) earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. Research analysts predict that Viasat, Inc. will post -2.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VSAT shares. Needham & Company LLC reduced their price objective on shares of Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Bank of America reduced their price target on Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered Viasat from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $15.00 in a report on Tuesday, September 17th. StockNews.com lowered Viasat from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Finally, Barclays lowered their price target on Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.33.

About Viasat

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.