Baupost Group LLC MA Has $145.94 Million Stock Position in Viasat, Inc. (NASDAQ:VSAT)

Baupost Group LLC MA decreased its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 11.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,222,590 shares of the communications equipment provider’s stock after selling 1,536,774 shares during the period. Viasat accounts for 4.2% of Baupost Group LLC MA’s portfolio, making the stock its 9th largest position. Baupost Group LLC MA owned approximately 9.52% of Viasat worth $145,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Viasat by 2.9% during 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 acquiring an additional 348,166 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Viasat by 1.1% during the second quarter. Disciplined Growth Investors Inc. MN now owns 3,449,281 shares of the communications equipment provider’s stock valued at $43,806,000 after acquiring an additional 36,681 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Viasat by 8.2% during the third 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 acquiring an additional 115,909 shares in the last quarter. Millennium Management LLC increased its position in shares of Viasat by 1,145.1% during 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. Finally, Bank of New York Mellon Corp increased its position in shares of Viasat by 25.7% during 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 acquiring an additional 162,804 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Viasat from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $29.00 to $15.00 in a research report on Tuesday, September 17th. Needham & Company LLC reduced their price target on shares of Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. StockNews.com downgraded shares of Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Barclays dropped 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, Bank of America dropped their target price on shares of Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.33.

Viasat Trading Down 10.5 %

Shares of VSAT stock opened at $8.69 on Wednesday. Viasat, Inc. has a 12-month low of $6.69 and a 12-month high of $29.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. The firm’s 50 day moving average is $10.43 and its 200 day moving average is $14.18.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.53). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($6.16) EPS. On average, equities analysts expect that Viasat, Inc. will post -2.38 earnings per share for the current fiscal year.

Viasat Company 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.