Tidemark LLC Takes $109,000 Position in Viasat, Inc. (NASDAQ:VSAT)

Tidemark LLC purchased a new position in Viasat, Inc. (NASDAQ:VSAT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,755 shares of the communications equipment provider’s stock, valued at approximately $109,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN grew its position in shares of Viasat by 28.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after purchasing an additional 969,942 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Viasat by 23.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider’s stock valued at $16,063,000 after buying an additional 364,072 shares in the last quarter. South Dakota Investment Council boosted its holdings in Viasat by 98.5% in the 4th quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider’s stock worth $5,747,000 after buying an additional 335,082 shares during the last quarter. State Street Corp raised its holdings in shares of Viasat by 6.6% during the third quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock valued at $53,083,000 after acquiring an additional 276,376 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Viasat in the fourth quarter valued at approximately $1,801,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Stock Performance

Viasat stock opened at $9.85 on Friday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -2.93 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. The firm has a 50 day simple moving average of $9.40 and a 200-day simple moving average of $10.29. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70.

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

Insider Buying and Selling

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the transaction, the insider now owns 4,795,334 shares of the company’s stock, valued at approximately $43,158,006. This trade represents a 43.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VSAT shares. William Blair reissued a “market perform” rating on shares of Viasat in a research note on Friday, February 7th. StockNews.com upgraded shares of Viasat from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Barclays boosted their price target on shares of Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of Viasat in a report on Monday, February 10th. Finally, Morgan Stanley lowered their target price on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.57.

Viasat 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.