Mutual of America Capital Management LLC Has $1.68 Million Holdings in Viasat, Inc. (NASDAQ:VSAT)

Mutual of America Capital Management LLC cut its holdings in Viasat, Inc. (NASDAQ:VSAT) by 62.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,992 shares of the communications equipment provider’s stock after selling 235,402 shares during the period. Mutual of America Capital Management LLC’s holdings in Viasat were worth $1,683,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in VSAT. Quest Partners LLC acquired a new position in Viasat during the 2nd quarter valued at $29,000. KBC Group NV raised its holdings in Viasat by 63.7% in the 3rd quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 1,021 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Viasat by 176.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 1,772 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Viasat during the 2nd quarter worth approximately $61,000. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Viasat during the third quarter valued at approximately $63,000. Institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Viasat Stock Up 3.2 %

Shares of NASDAQ:VSAT opened at $9.71 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.25 billion, a P/E ratio of -3.11 and a beta of 1.37. Viasat, Inc. has a 12 month low of $6.69 and a 12 month high of $29.11. The company’s 50-day moving average price is $10.43 and its two-hundred day moving average price is $14.18.

Viasat (NASDAQ:VSAT) last released its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS 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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned ($6.16) earnings per share. Viasat’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, research analysts forecast that Viasat, Inc. will post -2.38 EPS for the current fiscal year.

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.