Intellectus Partners LLC Has $157,000 Holdings in Viasat, Inc. (NASDAQ:VSAT)

Intellectus Partners LLC raised its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 42.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,400 shares of the communications equipment provider’s stock after buying an additional 5,500 shares during the quarter. Intellectus Partners LLC’s holdings in Viasat were worth $157,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VSAT. Steward Partners Investment Advisory LLC lifted its holdings in shares of Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 1,267 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Viasat during the third quarter worth approximately $27,000. Point72 Hong Kong Ltd acquired a new position in shares of Viasat during the third quarter worth approximately $28,000. KBC Group NV lifted its holdings in shares of Viasat by 63.7% during the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 1,021 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Viasat during the fourth quarter worth approximately $31,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Stock Performance

Shares of NASDAQ:VSAT opened at $9.73 on Friday. The business’s fifty day moving average price is $9.33 and its two-hundred day moving average price is $10.55. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -2.90 and a beta of 1.38. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. As a group, analysts predict that Viasat, Inc. will post -0.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VSAT has been the subject of a number of recent research reports. William Blair restated a “market perform” rating on shares of Viasat in a research note on Friday, February 7th. StockNews.com upgraded Viasat from a “sell” rating to a “hold” rating in a research note on Friday. Barclays upped their target price on Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Viasat in a research note on Monday, February 10th. Finally, Cantor Fitzgerald initiated coverage on Viasat in a research note on Friday, January 24th. They issued a “neutral” rating and a $12.00 target price for the company. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Viasat presently has an average rating of “Hold” and a consensus price target of $15.57.

Insider Transactions at Viasat

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the sale, the insider now owns 4,795,334 shares in the company, valued at approximately $43,158,006. This represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark J. Miller sold 3,564 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.21, for a total value of $32,824.44. Following the sale, the executive vice president now owns 350,351 shares in the company, valued at $3,226,732.71. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

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.