Headlands Technologies LLC Takes Position in Viasat, Inc. (NASDAQ:VSAT)

Headlands Technologies LLC bought a new position in shares of Viasat, Inc. (NASDAQ:VSAT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 73,508 shares of the communications equipment provider’s stock, valued at approximately $626,000.

Other hedge funds also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN grew its stake in Viasat by 28.1% during the third 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Viasat by 150.2% during the 4th quarter. JPMorgan Chase & Co. now owns 706,792 shares of the communications equipment provider’s stock worth $6,015,000 after acquiring an additional 424,317 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Viasat by 23.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider’s stock valued at $16,063,000 after acquiring an additional 364,072 shares during the last quarter. South Dakota Investment Council raised its position in Viasat by 98.5% during the fourth quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider’s stock valued at $5,747,000 after purchasing an additional 335,082 shares in the last quarter. Finally, State Street Corp lifted its stake in Viasat by 6.6% during the third quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock worth $53,083,000 after purchasing an additional 276,376 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VSAT shares. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Viasat in a research note on Monday, February 10th. StockNews.com upgraded Viasat from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. William Blair reissued a “market perform” rating on shares of Viasat in a report on Friday, February 7th. Barclays lifted their price target on shares of Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Cantor Fitzgerald started coverage on shares of Viasat in a research note on Friday, January 24th. They issued a “neutral” rating and a $12.00 price objective for the company. Six research analysts have rated the stock with a hold rating and three have issued 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 price target of $14.57.

Viasat Stock Up 4.5 %

NASDAQ:VSAT opened at $10.28 on Thursday. 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, Inc. has a one year low of $6.69 and a one year high of $26.70. The firm’s 50 day simple moving average is $9.76 and its 200 day simple moving average is $9.84. The company has a market cap of $1.33 billion, a PE ratio of -3.06 and a beta of 1.38.

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

Insider Buying and Selling at Viasat

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company’s 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 sale, the insider now directly owns 4,795,334 shares of the company’s stock, valued at approximately $43,158,006. This represents a 43.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.

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.