Viasat, Inc. (NASDAQ:VSAT) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd lifted its position in Viasat, Inc. (NASDAQ:VSAT) by 112.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,829 shares of the communications equipment provider’s stock after buying an additional 11,554 shares during the period. XTX Topco Ltd’s holdings in Viasat were worth $277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Viasat by 2.9% in the first quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider’s stock worth $226,711,000 after acquiring an additional 348,166 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Viasat by 25.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 796,368 shares of the communications equipment provider’s stock worth $10,114,000 after purchasing an additional 162,804 shares in the last quarter. Cove Street Capital LLC lifted its position in shares of Viasat by 17.7% during the 1st quarter. Cove Street Capital LLC now owns 766,753 shares of the communications equipment provider’s stock valued at $13,871,000 after acquiring an additional 115,224 shares during the last quarter. Norges Bank purchased a new stake in shares of Viasat during the fourth quarter valued at $17,511,000. Finally, American Century Companies Inc. lifted its stake in Viasat by 7.5% during the second quarter. American Century Companies Inc. now owns 460,602 shares of the communications equipment provider’s stock valued at $5,850,000 after buying an additional 31,991 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price target on shares of Viasat from $28.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 5th. JPMorgan Chase & Co. downgraded Viasat from an “overweight” rating to a “neutral” rating and lowered their price target 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 research report on Saturday, August 31st. Bank of America dropped their target price on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Finally, Morgan Stanley dropped their price objective on shares of Viasat from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.33.

Viasat Stock Performance

VSAT opened at $12.18 on Friday. The company has a quick ratio of 2.78, a current ratio of 3.08 and a debt-to-equity ratio of 1.40. The stock’s 50 day moving average price is $16.48 and its two-hundred day moving average price is $16.18. The firm has a market capitalization of $1.53 billion, a P/E ratio of -1.39 and a beta of 1.35. Viasat, Inc. has a 12-month low of $11.76 and a 12-month high of $29.11.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.16. Viasat had a negative return on equity of 19.76% and a negative net margin of 22.13%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted ($0.83) earnings per share. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. On average, equities analysts forecast that Viasat, Inc. will post -1.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Cpp Investment Board Private H sold 2,811,442 shares of Viasat stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.90, for a total value of $55,947,695.80. Following the completion of the transaction, the insider now owns 8,545,334 shares in the company, valued at $170,052,146.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Viasat Company 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.