Cambiar Investors LLC Invests $123,000 in Viasat, Inc. (NASDAQ:VSAT)

Cambiar Investors LLC bought a new position in shares of Viasat, Inc. (NASDAQ:VSAT) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 14,471 shares of the communications equipment provider’s stock, valued at approximately $123,000.

Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Viasat by 6.6% during the 3rd quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock worth $53,083,000 after buying an additional 276,376 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in Viasat by 28.1% in the third 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 acquiring an additional 969,942 shares during the last quarter. Geode Capital Management LLC raised its position 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 valued at $29,950,000 after acquiring an additional 122,472 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Viasat by 8.2% in 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. Finally, Principal Financial Group Inc. grew its stake in shares of Viasat by 6.6% during the third quarter. Principal Financial Group Inc. now owns 400,320 shares of the communications equipment provider’s stock worth $4,780,000 after purchasing an additional 24,889 shares during the period. Institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VSAT shares. Needham & Company LLC reissued a “buy” rating and issued a $19.00 target price on shares of Viasat in a research note on Monday. Cantor Fitzgerald assumed coverage on shares of Viasat in a research report on Friday, January 24th. They issued a “neutral” rating and a $12.00 price target on the stock. Morgan Stanley decreased their price objective 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. Barclays cut their target price 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. Finally, William Blair reissued a “market perform” rating on shares of Viasat in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.43.

Viasat Trading Down 20.9 %

Shares of VSAT opened at $8.83 on Wednesday. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $26.70. 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 firm’s 50 day moving average price is $9.34 and its two-hundred day moving average price is $11.75.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.28%. As a group, research analysts forecast that Viasat, Inc. will post -2.78 earnings per share for the current year.

Insider Activity

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

About Viasat

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.