Viasat, Inc. (NASDAQ:VSAT) Position Decreased by Baupost Group LLC MA

Baupost Group LLC MA lessened its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,222,590 shares of the communications equipment provider’s stock after selling 1,536,774 shares during the quarter. Viasat makes up 4.2% of Baupost Group LLC MA’s portfolio, making the stock its 9th largest holding. Baupost Group LLC MA owned 0.10% of Viasat worth $145,938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VSAT. The Manufacturers Life Insurance Company raised its position in shares of Viasat by 2.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 63,656 shares of the communications equipment provider’s stock valued at $760,000 after purchasing an additional 1,584 shares during the period. Algert Global LLC raised its position in shares of Viasat by 361.3% during the 3rd quarter. Algert Global LLC now owns 77,880 shares of the communications equipment provider’s stock valued at $930,000 after purchasing an additional 60,998 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Viasat by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,523,465 shares of the communications equipment provider’s stock valued at $18,190,000 after purchasing an additional 115,909 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Viasat during the 3rd quarter valued at $710,000. Finally, Intech Investment Management LLC bought a new stake in shares of Viasat during the 3rd quarter valued at $322,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Price Performance

Viasat stock opened at $8.69 on Wednesday. The company’s 50-day moving average price is $10.43 and its 200-day moving average price is $14.18. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $29.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44.

Viasat (NASDAQ:VSAT) last posted its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the firm earned ($6.16) earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts predict that Viasat, Inc. will post -2.38 earnings per share for the current year.

Analyst Ratings Changes

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

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.