Landscape Capital Management L.L.C. Acquires 91,210 Shares of Viasat, Inc. (NASDAQ:VSAT)

Landscape Capital Management L.L.C. boosted its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 153.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,636 shares of the communications equipment provider’s stock after purchasing an additional 91,210 shares during the period. Landscape Capital Management L.L.C. owned about 0.12% of Viasat worth $1,282,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its position in shares of Viasat by 75.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 1,267 shares during the period. National Bank of Canada FI bought a new position in shares of Viasat during the third quarter valued at $27,000. Venturi Wealth Management LLC acquired a new stake in shares of Viasat in the 4th quarter valued at $31,000. New Age Alpha Advisors LLC bought a new stake in shares of Viasat in the 4th quarter worth about $35,000. Finally, AlphaQuest LLC increased its position in shares of Viasat by 39.0% during the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 1,255 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Stock Performance

Viasat stock opened at $8.90 on Friday. The company has a market cap of $1.15 billion, a PE ratio of -2.65 and a beta of 1.06. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. Viasat, Inc. has a 1 year low of $6.69 and a 1 year high of $26.70. The company’s 50-day moving average is $9.67 and its two-hundred day moving average is $9.80.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. Equities analysts anticipate that Viasat, Inc. will post -0.54 earnings per share for the current year.

Analysts Set New Price Targets

VSAT has been the topic of several research analyst reports. William Blair reaffirmed a “market perform” rating on shares of Viasat in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Monday, March 24th. Morgan Stanley reduced their price objective 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. Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Viasat in a research note on Monday, February 10th. Finally, Barclays upped their price target on shares of Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.57.

Insider Buying and Selling

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the transaction, the insider now owns 4,795,334 shares in the company, valued at approximately $43,158,006. The trade was a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is owned by insiders.

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.