Thrivent Financial for Lutherans Buys 3,807 Shares of Viasat, Inc. (NASDAQ:VSAT)

Thrivent Financial for Lutherans grew its position in shares of Viasat, Inc. (NASDAQ:VSAT) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,227 shares of the communications equipment provider’s stock after buying an additional 3,807 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Viasat were worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VSAT. Quest Partners LLC bought a new position in shares of Viasat in the 2nd quarter worth approximately $29,000. KBC Group NV increased its stake in shares of Viasat by 63.7% in the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 1,021 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 buying an additional 1,772 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Viasat during the second quarter valued at about $61,000. Finally, Carolina Wealth Advisors LLC purchased a new position in shares of Viasat in the third quarter valued at about $63,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VSAT has been the topic of several recent analyst reports. Needham & Company LLC decreased their target price on 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 lowered their target price for the stock from $29.00 to $15.00 in a report on Tuesday, September 17th. Barclays cut their target price on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Bank of America decreased their price target on shares of Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Finally, StockNews.com lowered Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.33.

Viasat Stock Performance

VSAT stock opened at $9.72 on Wednesday. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $29.11. The company has a fifty day simple moving average of $10.09 and a two-hundred day simple moving average of $13.89. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 1.28.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) 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 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 previous year, the business posted ($6.16) EPS. The firm’s revenue was down 8.4% on a year-over-year basis. Research analysts predict that Viasat, Inc. will post -2.38 EPS for the current fiscal year.

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.