Landscape Capital Management L.L.C. Takes Position in Viasat, Inc. (NASDAQ:VSAT)

Landscape Capital Management L.L.C. acquired a new stake in shares of Viasat, Inc. (NASDAQ:VSAT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 59,426 shares of the communications equipment provider’s stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VSAT. Quest Partners LLC bought a new position in shares of Viasat during the 2nd quarter valued at $29,000. KBC Group NV increased its position in 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 during the last quarter. GAMMA Investing LLC lifted its holdings in Viasat by 176.3% in the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 1,772 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Viasat in the second quarter worth about $61,000. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of Viasat during the 3rd quarter valued at about $63,000. Institutional investors own 86.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on VSAT shares. StockNews.com lowered shares of Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Barclays reduced their price objective on Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday. Bank of America lowered their target price on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Needham & Company LLC reduced their price target on Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. cut Viasat from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $15.00 in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.33.

Viasat Price Performance

Shares of Viasat stock opened at $9.41 on Friday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.02 and a beta of 1.37. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The stock’s 50-day simple moving average is $10.51 and its 200-day simple moving average is $14.26. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $29.11.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.53). Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company earned ($6.16) earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts expect that Viasat, Inc. will post -2.38 earnings per share for the current fiscal year.

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.