Strs Ohio Invests $703,000 in Viasat Inc. $VSAT

Strs Ohio bought a new stake in shares of Viasat Inc. (NASDAQ:VSAT) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 24,000 shares of the communications equipment provider’s stock, valued at approximately $703,000.

Several other hedge funds have also recently added to or reduced their stakes in VSAT. OCO Capital Partners L.P. boosted its holdings in Viasat by 60.0% during the second quarter. OCO Capital Partners L.P. now owns 6,000,000 shares of the communications equipment provider’s stock valued at $87,600,000 after purchasing an additional 2,250,000 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position in shares of Viasat by 15.8% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock worth $85,338,000 after buying an additional 796,349 shares during the period. Neuberger Berman Group LLC boosted its stake in Viasat by 6.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,541,636 shares of the communications equipment provider’s stock valued at $80,908,000 after buying an additional 351,404 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Viasat by 64.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock valued at $29,866,000 after acquiring an additional 1,128,338 shares during the period. Finally, American Century Companies Inc. raised its stake in Viasat by 96.8% during the second quarter. American Century Companies Inc. now owns 2,680,387 shares of the communications equipment provider’s stock worth $39,134,000 after acquiring an additional 1,318,524 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Trading Down 2.8%

Shares of NASDAQ VSAT opened at $46.23 on Friday. Viasat Inc. has a 1-year low of $7.36 and a 1-year high of $49.68. The company has a 50-day moving average of $37.82 and a two-hundred day moving average of $32.32. The company has a market cap of $6.25 billion, a PE ratio of -11.56 and a beta of 1.39. The company has a current ratio of 2.08, a quick ratio of 1.84 and a debt-to-equity ratio of 1.43.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings results on Saturday, November 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.20. Viasat had a negative net margin of 11.40% and a negative return on equity of 3.65%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted ($0.23) earnings per share. Viasat’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that Viasat Inc. will post -0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on VSAT. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Viasat in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upgraded shares of Viasat from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $50.00 in a research report on Tuesday, November 11th. William Blair restated an “outperform” rating on shares of Viasat in a research report on Tuesday, January 13th. Raymond James Financial raised shares of Viasat from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a research note on Monday, November 10th. Finally, Morgan Stanley set a $51.00 price objective on shares of Viasat in a report on Friday, January 16th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Viasat has a consensus rating of “Hold” and an average target price of $41.29.

Insider Transactions at Viasat

In other news, insider Benjamin Edward Palmer sold 2,780 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $36.06, for a total transaction of $100,246.80. Following the completion of the sale, the insider owned 27,831 shares in the company, valued at $1,003,585.86. The trade was a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert James Blair sold 2,269 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $35.61, for a total value of $80,799.09. Following the transaction, the senior vice president directly owned 68,519 shares in the company, valued at $2,439,961.59. This trade represents a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 356,529 shares of company stock valued at $13,105,888 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Viasat Company Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.