Harbor Capital Advisors Inc. Purchases 4,922 Shares of Viasat, Inc. (NASDAQ:VSAT)

Harbor Capital Advisors Inc. boosted its position in Viasat, Inc. (NASDAQ:VSAT) by 23.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,324 shares of the communications equipment provider’s stock after acquiring an additional 4,922 shares during the period. Harbor Capital Advisors Inc.’s holdings in Viasat were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Viasat by 115.8% during the third quarter. JPMorgan Chase & Co. now owns 282,475 shares of the communications equipment provider’s stock worth $3,373,000 after purchasing an additional 151,590 shares during the period. Principal Financial Group Inc. raised its position in Viasat by 6.6% during the 3rd quarter. Principal Financial Group Inc. now owns 400,320 shares of the communications equipment provider’s stock valued at $4,780,000 after purchasing an additional 24,889 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Viasat by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider’s stock worth $29,950,000 after buying an additional 122,472 shares during the period. Disciplined Growth Investors Inc. MN grew its position in shares of Viasat by 28.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock worth $52,766,000 after buying an additional 969,942 shares during the last quarter. Finally, National Bank of Canada FI purchased a new position in shares of Viasat during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Price Performance

VSAT stock opened at $7.51 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. The firm has a 50 day moving average price of $8.95 and a 200-day moving average price of $12.61. Viasat, Inc. has a 52-week low of $6.69 and a 52-week high of $26.70. The firm has a market capitalization of $964.24 million, a price-to-earnings ratio of -2.41 and a beta of 1.34.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted ($6.16) EPS. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts forecast that Viasat, Inc. will post -2.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Viasat news, EVP Mark J. Miller sold 3,564 shares of Viasat stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the completion of the sale, the executive vice president now owns 350,351 shares of the company’s stock, valued at approximately $3,226,732.71. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

VSAT has been the topic of several recent analyst reports. Bank of America cut their price target on shares of Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. cut shares of Viasat from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $29.00 to $15.00 in a research report on Tuesday, September 17th. Needham & Company LLC lowered their price objective on shares of Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Barclays reduced their target price 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 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.33.

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.