Viasat Inc. $VSAT Position Lifted by MRA Advisory Group

MRA Advisory Group grew its holdings in shares of Viasat Inc. (NASDAQ:VSAT) by 163.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,052 shares of the communications equipment provider’s stock after acquiring an additional 9,959 shares during the period. MRA Advisory Group’s holdings in Viasat were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Viasat during the second quarter valued at $1,863,374,000. Dimensional Fund Advisors LP grew its stake in shares of Viasat by 18.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,789,539 shares of the communications equipment provider’s stock valued at $219,346,000 after acquiring an additional 738,656 shares during the period. Van ECK Associates Corp increased its holdings in Viasat by 53.1% in the 2nd quarter. Van ECK Associates Corp now owns 2,243,040 shares of the communications equipment provider’s stock worth $201,447,000 after acquiring an additional 777,761 shares in the last quarter. Bank of America Corp DE bought a new stake in Viasat during the 2nd quarter worth approximately $127,283,000. Finally, Tidal Investments LLC raised its stake in Viasat by 8,261.7% during the 2nd quarter. Tidal Investments LLC now owns 976,646 shares of the communications equipment provider’s stock worth $87,713,000 after acquiring an additional 964,966 shares during the period. 86.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Viasat

In other Viasat news, SVP Benjamin Palmer sold 2,400 shares of Viasat stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.46, for a total value of $181,104.00. Following the sale, the senior vice president owned 21,159 shares of the company’s stock, valued at $1,596,658.14. The trade was a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Theresa Wise sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $84.69, for a total value of $211,725.00. Following the sale, the director directly owned 11,000 shares in the company, valued at $931,590. This trade represents a 18.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 245,763 shares of company stock worth $19,677,727 over the last three months. 1.40% of the stock is owned by company insiders.

Viasat Price Performance

Shares of Viasat stock traded down $4.30 during trading on Wednesday, reaching $70.08. 722,703 shares of the stock traded hands, compared to its average volume of 2,034,124. Viasat Inc. has a 52-week low of $29.13 and a 52-week high of $93.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.68 and a quick ratio of 1.52. The business has a fifty day simple moving average of $75.08 and a two-hundred day simple moving average of $69.31. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of -292.54 and a beta of 1.76.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VSAT. Morgan Stanley set a $95.00 price objective on shares of Viasat in a research note on Monday, August 10th. Needham & Company LLC boosted their price objective on Viasat from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen lowered Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research note on Friday, July 17th. Finally, Zacks Research raised Viasat from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.67.

About Viasat

Viasat, Inc is a communications company that provides satellite connectivity and related services to commercial, government and consumer customers. Its offerings include broadband internet, in-flight connectivity, maritime communications, enterprise networking and secure communications for government and defense applications.

The company operates a fleet of communications satellites and develops supporting ground infrastructure, network services and connectivity equipment. Viasat serves customers across North America, Europe, the Middle East, Africa, Asia-Pacific and other international markets, including airlines, shipping companies, businesses, government agencies and households in areas where terrestrial broadband is limited.

Viasat was founded in 1986 and is headquartered in Carlsbad, California.