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

VisionPoint Advisory Group LLC reduced its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 hedge funds and other institutional investors have also bought and sold shares of VSAT. National Bank of Canada FI purchased a new position in shares of Viasat during the third quarter valued at approximately $27,000. Point72 Hong Kong Ltd bought a new position in shares of Viasat during the third quarter valued at $28,000. KBC Group NV increased its holdings in shares of Viasat by 63.7% during the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 1,021 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Viasat in the 4th quarter worth about $31,000. Finally, Caitlin John LLC grew its position in Viasat by 274.4% during the 4th quarter. Caitlin John LLC now owns 10,259 shares of the communications equipment provider’s stock valued at $87,000 after purchasing an additional 7,519 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Stock Down 3.9 %

NASDAQ VSAT opened at $9.00 on Friday. 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. The business’s fifty day moving average price is $9.34 and its 200-day moving average price is $11.30.

Viasat (NASDAQ:VSAT) last posted its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share 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, research analysts anticipate that Viasat, Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on VSAT. Morgan Stanley decreased their target price on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Cantor Fitzgerald initiated coverage on shares of Viasat in a report on Friday, January 24th. They issued a “neutral” rating and a $12.00 price objective for the company. William Blair reiterated a “market perform” rating on shares of Viasat in a research note on Friday, February 7th. Barclays decreased their price target on Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Finally, StockNews.com raised Viasat from a “sell” rating to a “hold” rating in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Viasat has an average rating of “Hold” and an average price target of $15.43.

Insider Transactions at Viasat

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the sale, the insider now owns 4,795,334 shares of the company’s stock, valued at $43,158,006. The trade was a 43.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark J. Miller sold 3,564 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the completion of the transaction, the executive vice president now directly owns 350,351 shares in the company, valued at approximately $3,226,732.71. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

Viasat Company 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.