Landscape Capital Management L.L.C. Has $1.28 Million Stock Position in Viasat, Inc. (NASDAQ:VSAT)

Landscape Capital Management L.L.C. grew its stake in Viasat, Inc. (NASDAQ:VSAT) by 153.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,636 shares of the communications equipment provider’s stock after buying an additional 91,210 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Viasat were worth $1,282,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. AlphaQuest LLC lifted its position in Viasat by 39.0% in the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC lifted 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 in the last quarter. The Manufacturers Life Insurance Company boosted its position in Viasat by 2.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 63,656 shares of the communications equipment provider’s stock worth $760,000 after acquiring an additional 1,584 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Viasat in the third quarter worth $27,000. Finally, Arizona State Retirement System boosted its holdings in Viasat by 10.2% during the fourth quarter. Arizona State Retirement System now owns 25,947 shares of the communications equipment provider’s stock worth $221,000 after purchasing an additional 2,391 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Viasat Stock Performance

NASDAQ:VSAT opened at $8.90 on Friday. The company has a 50 day simple moving average of $9.67 and a two-hundred day simple moving average of $9.80. 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 fifty-two week low of $6.69 and a fifty-two week high of $26.70. The company has a market capitalization of $1.15 billion, a PE ratio of -2.65 and a beta of 1.06.

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

Insider Activity

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 4,795,334 shares in the company, valued at $43,158,006. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on VSAT. William Blair reiterated a “market perform” rating on shares of Viasat in a report 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 lowered their target price on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Cantor Fitzgerald assumed coverage on Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, StockNews.com raised Viasat from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.57.

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.