Versor Investments LP Has $363,000 Stock Holdings in Viasat, Inc. (NASDAQ:VSAT)

Versor Investments LP boosted its stake in Viasat, Inc. (NASDAQ:VSAT) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,400 shares of the communications equipment provider’s stock after purchasing an additional 4,600 shares during the period. Versor Investments LP’s holdings in Viasat were worth $363,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in Viasat in the second quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 1,772 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Viasat during the second quarter valued at about $61,000. Carolina Wealth Advisors LLC acquired a new position in Viasat during the 3rd quarter worth approximately $63,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Viasat during the second quarter worth approximately $67,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Price Performance

Shares of VSAT stock opened at $7.40 on Friday. The business’s fifty day moving average is $11.20 and its 200 day moving average is $14.59. The stock has a market cap of $950.09 million, a price-to-earnings ratio of -2.37 and a beta of 1.37. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. Viasat, Inc. has a twelve month low of $7.30 and a twelve month high of $29.11.

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

Analyst Upgrades and Downgrades

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

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.