Carolina Wealth Advisors LLC Invests $63,000 in Viasat, Inc. (NASDAQ:VSAT)

Carolina Wealth Advisors LLC bought a new stake in Viasat, Inc. (NASDAQ:VSAT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,267 shares of the communications equipment provider’s stock, valued at approximately $63,000.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Viasat by 2.9% in the first quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider’s stock valued at $226,711,000 after purchasing an additional 348,166 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Viasat by 1.1% in the second quarter. Disciplined Growth Investors Inc. MN now owns 3,449,281 shares of the communications equipment provider’s stock worth $43,806,000 after acquiring an additional 36,681 shares in the last quarter. Millennium Management LLC raised its stake in shares of Viasat by 1,145.1% in the second quarter. Millennium Management LLC now owns 816,478 shares of the communications equipment provider’s stock valued at $10,369,000 after acquiring an additional 750,904 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Viasat by 25.7% in the second quarter. Bank of New York Mellon Corp now owns 796,368 shares of the communications equipment provider’s stock valued at $10,114,000 after purchasing an additional 162,804 shares during the period. Finally, Cove Street Capital LLC grew its stake in Viasat by 17.7% during the 1st quarter. Cove Street Capital LLC now owns 766,753 shares of the communications equipment provider’s stock worth $13,871,000 after purchasing an additional 115,224 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VSAT has been the topic of a number of analyst reports. Bank of America reduced their price target on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. downgraded shares of Viasat from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $15.00 in a research note on Tuesday, September 17th. Needham & Company LLC dropped their price objective on shares of Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, StockNews.com cut shares of Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Viasat currently has an average rating of “Hold” and a consensus target price of $20.83.

Viasat Stock Performance

NASDAQ VSAT traded down $0.40 on Monday, reaching $10.72. The stock had a trading volume of 1,096,442 shares, compared to its average volume of 1,731,176. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.78 and a current ratio of 3.08. The stock has a market cap of $1.37 billion, a P/E ratio of -1.35 and a beta of 1.34. The business’s 50-day moving average price is $14.14 and its 200 day moving average price is $15.52. Viasat, Inc. has a 12-month low of $10.40 and a 12-month high of $29.11.

Viasat (NASDAQ:VSAT) last released its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Viasat had a negative net margin of 22.13% and a negative return on equity of 19.76%. Viasat’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.83) EPS. As a group, equities analysts expect that Viasat, Inc. will post -1.44 earnings per share for the current year.

Insider Transactions at Viasat

In related news, insider Cpp Investment Board Private H sold 2,811,442 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.90, for a total value of $55,947,695.80. Following the transaction, the insider now owns 8,545,334 shares in the company, valued at $170,052,146.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.20% of the company’s stock.

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.