VisionPoint Advisory Group LLC Sells 3,130 Shares of Viasat, Inc. (NASDAQ:VSAT)

VisionPoint Advisory Group LLC cut its stake in shares of Viasat, Inc. (NASDAQ:VSAT) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,972 shares of the communications equipment provider’s stock after selling 3,130 shares during the period. VisionPoint Advisory Group LLC’s holdings in Viasat were worth $153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VSAT. Louisiana State Employees Retirement System increased its holdings in Viasat by 7.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 40,800 shares of the communications equipment provider’s stock worth $487,000 after acquiring an additional 3,000 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Viasat by 9.0% in the third quarter. State of Alaska Department of Revenue now owns 48,125 shares of the communications equipment provider’s stock worth $574,000 after purchasing an additional 3,978 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Viasat by 26.4% in the third quarter. Harbor Capital Advisors Inc. now owns 21,402 shares of the communications equipment provider’s stock worth $256,000 after buying an additional 4,468 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Viasat by 35.2% in the third quarter. Van ECK Associates Corp now owns 28,711 shares of the communications equipment provider’s stock worth $343,000 after buying an additional 7,477 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Viasat by 88.0% during the third quarter. Asset Management One Co. Ltd. now owns 10,950 shares of the communications equipment provider’s stock valued at $131,000 after buying an additional 5,126 shares during the period. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays decreased their target price on Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. StockNews.com upgraded shares of Viasat from a “sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley dropped their target price 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. William Blair reissued a “market perform” rating on shares of Viasat in a research note on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Viasat in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.43.

Viasat Price Performance

Shares of NASDAQ:VSAT opened at $9.00 on Friday. The stock’s 50-day moving average price is $9.34 and its 200-day moving average price is $11.30. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. Viasat, Inc. has a 12-month low of $6.69 and a 12-month high of $26.70.

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

Insider Buying and Selling at Viasat

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 4,795,334 shares in the company, valued at $43,158,006. This trade represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark J. Miller sold 3,564 shares of Viasat stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.21, for a total value of $32,824.44. Following the sale, the executive vice president now directly owns 350,351 shares in the company, valued at approximately $3,226,732.71. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

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.