Viasat, Inc. (NASDAQ:VSAT) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC increased its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 722.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 100,108 shares of the communications equipment provider’s stock after buying an additional 87,939 shares during the period. Viasat comprises approximately 0.4% of EntryPoint Capital LLC’s holdings, making the stock its 8th biggest position. EntryPoint Capital LLC’s holdings in Viasat were worth $852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. National Bank of Canada FI purchased a new position in Viasat during the third quarter worth approximately $27,000. Point72 Hong Kong Ltd purchased a new position in shares of Viasat during the 3rd quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC grew its stake in Viasat by 75.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock valued at $25,000 after acquiring an additional 1,267 shares during the period. Venturi Wealth Management LLC purchased a new stake in Viasat in the 4th quarter worth $31,000. Finally, AlphaQuest LLC raised its position in Viasat by 39.0% during the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 1,255 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Viasat Stock Performance

Shares of Viasat stock opened at $11.19 on Tuesday. The business’s 50 day moving average price is $9.53 and its 200 day moving average price is $10.01. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -3.33 and a beta of 1.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. Viasat, Inc. has a one year low of $6.69 and a one year high of $26.70.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share 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 8.37%. On average, research analysts predict that Viasat, Inc. will post -0.54 EPS for the current year.

Analysts Set New Price Targets

VSAT has been the topic of several research analyst reports. William Blair reiterated a “market perform” rating on shares of Viasat in a research report on Friday, February 7th. Cantor Fitzgerald assumed coverage on Viasat in a report on Friday, January 24th. They issued a “neutral” rating and a $12.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday. Morgan Stanley lowered their price target on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Viasat in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $14.57.

Insider Activity

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of Viasat stock in a transaction on Monday, February 10th. The stock was sold at an average price of $9.00, for a total value of $33,750,000.00. Following the sale, the insider now owns 4,795,334 shares in the company, valued at $43,158,006. The trade was 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 through the SEC website. 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.