Viasat, Inc. (NASDAQ:VSAT) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its position in shares of Viasat, Inc. (NASDAQ:VSAT) by 19.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,119 shares of the communications equipment provider’s stock after selling 4,200 shares during the period. Entropy Technologies LP’s holdings in Viasat were worth $204,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Viasat by 2.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 48,426 shares of the communications equipment provider’s stock valued at $876,000 after acquiring an additional 1,078 shares during the period. Vanguard Group Inc. boosted its position in Viasat by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider’s stock valued at $226,711,000 after purchasing an additional 348,166 shares during the period. Edgestream Partners L.P. boosted its position in Viasat by 1,752.3% during the 1st quarter. Edgestream Partners L.P. now owns 159,355 shares of the communications equipment provider’s stock valued at $2,883,000 after purchasing an additional 150,752 shares during the period. UniSuper Management Pty Ltd bought a new position in Viasat during the 1st quarter worth $348,000. Finally, CANADA LIFE ASSURANCE Co increased its position in Viasat by 23.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 70,622 shares of the communications equipment provider’s stock worth $1,277,000 after buying an additional 13,304 shares during the period. 86.05% of the stock is currently owned by institutional investors.

Viasat Stock Down 4.3 %

VSAT stock opened at $7.40 on Monday. The firm’s 50-day moving average is $11.20 and its two-hundred day moving average is $14.57. The company has a market capitalization of $950.09 million, a price-to-earnings ratio of -2.37 and a beta of 1.37. Viasat, Inc. has a 52 week low of $7.30 and a 52 week high of $29.11. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 1.28.

Viasat (NASDAQ:VSAT) last released its earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.11 billion. During the same quarter last year, the company earned ($6.16) earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts forecast that Viasat, Inc. will post -2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com lowered shares of Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Bank of America decreased their target price on shares of Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Needham & Company LLC cut their price target on Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered Viasat from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $29.00 to $15.00 in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.83.

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.