Viasat, Inc. (NASDAQ:VSAT) Shares Sold by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management cut its position in shares of Viasat, Inc. (NASDAQ:VSAT) by 27.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,233 shares of the communications equipment provider’s stock after selling 1,606 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Viasat were worth $36,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VSAT. State Street Corp lifted its holdings in Viasat by 6.6% in the third quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock valued at $53,083,000 after acquiring an additional 276,376 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Viasat by 28.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after purchasing an additional 969,942 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Viasat by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,508,056 shares of the communications equipment provider’s stock worth $29,950,000 after purchasing an additional 122,472 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 worth $18,190,000 after purchasing an additional 115,909 shares during the period. Finally, Millennium Management LLC raised its holdings in Viasat by 1,145.1% in the 2nd quarter. Millennium Management LLC now owns 816,478 shares of the communications equipment provider’s stock valued at $10,369,000 after buying an additional 750,904 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $9.24 on Friday. The business’s fifty day simple moving average is $9.30 and its 200-day simple moving average is $12.21. Viasat, Inc. has a 12-month low of $6.69 and a 12-month high of $26.70. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 1.28.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.53). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($6.16) EPS. As a group, equities research analysts expect that Viasat, Inc. will post -2.62 EPS for the current year.

Insider Buying and Selling at Viasat

In other Viasat news, 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 sale, the executive vice president now directly owns 350,351 shares in the company, valued at $3,226,732.71. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VSAT shares. Barclays lowered their target price on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Cantor Fitzgerald assumed coverage on shares of Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of Viasat in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.43.

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.