Tidemark LLC Buys Shares of 12,755 Viasat, Inc. (NASDAQ:VSAT)

Tidemark LLC acquired a new stake in Viasat, Inc. (NASDAQ:VSAT) in the 4th quarter, HoldingsChannel reports. The fund acquired 12,755 shares of the communications equipment provider’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VSAT. Steward Partners Investment Advisory LLC lifted its holdings in Viasat by 75.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 1,267 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Viasat in the third quarter valued at $27,000. Point72 Hong Kong Ltd purchased a new position in Viasat in the third quarter valued at $28,000. KBC Group NV grew its stake in Viasat by 63.7% during the 3rd 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. Finally, Venturi Wealth Management LLC purchased a new stake in Viasat during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Price Performance

Shares of VSAT opened at $9.85 on Friday. The firm has a fifty day moving average price of $9.40 and a 200 day moving average price of $10.29. The stock has a market cap of $1.27 billion, a PE ratio of -2.93 and a beta of 1.38. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60.

Viasat (NASDAQ:VSAT) last announced its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. As a group, sell-side analysts anticipate that Viasat, Inc. will post -0.54 EPS for the current year.

Insider Activity

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat stock in a transaction on Monday, February 10th. The shares were sold at an average price of $9.00, for a total value of $33,750,000.00. Following the transaction, the insider now directly owns 4,795,334 shares in the company, valued at approximately $43,158,006. The trade was a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VSAT shares. Needham & Company LLC reissued a “buy” rating and set a $19.00 price objective on shares of Viasat in a research report on Monday, February 10th. Barclays lifted their price target on shares of Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Cantor Fitzgerald assumed coverage on shares of Viasat in a research report on Friday, January 24th. They issued a “neutral” rating and a $12.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, StockNews.com raised Viasat from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.57.

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.