Landscape Capital Management L.L.C. Makes New Investment in Viasat, Inc. (NASDAQ:VSAT)

Landscape Capital Management L.L.C. acquired a new stake in shares of Viasat, Inc. (NASDAQ:VSAT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,426 shares of the communications equipment provider’s stock, valued at approximately $710,000.

A number of other institutional investors also recently modified their holdings of VSAT. Quest Partners LLC purchased a new stake in Viasat in the 2nd quarter worth approximately $29,000. KBC Group NV lifted its stake in Viasat by 63.7% in the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 1,021 shares during the period. GAMMA Investing LLC boosted its holdings in Viasat by 176.3% in the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 1,772 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Viasat during the 2nd quarter valued at $61,000. Finally, Nisa Investment Advisors LLC bought a new position in Viasat in the 2nd quarter worth $67,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Viasat Price Performance

Shares of NASDAQ:VSAT opened at $9.41 on Friday. The business has a fifty day moving average price of $10.51 and a 200-day moving average price of $14.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. The company has a market capitalization of $1.21 billion, a PE ratio of -3.02 and a beta of 1.37. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $29.11.

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

Analysts Set New Price Targets

VSAT has been the topic of several research analyst reports. Barclays reduced their price target on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered Viasat from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $29.00 to $15.00 in a research report on Tuesday, September 17th. Needham & Company LLC dropped their price target on Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Bank of America decreased their price objective on Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a report on Friday, September 20th. Finally, StockNews.com cut shares of Viasat from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.33.

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.