73,508 Shares in Viasat, Inc. (NASDAQ:VSAT) Purchased by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in Viasat, Inc. (NASDAQ:VSAT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 73,508 shares of the communications equipment provider’s stock, valued at approximately $626,000. Headlands Technologies LLC owned approximately 0.06% of Viasat as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of VSAT. AlphaQuest LLC lifted its position in shares of Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC increased 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 buying an additional 1,267 shares during the last quarter. The Manufacturers Life Insurance Company lifted 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 buying an additional 1,584 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Viasat during the 3rd quarter worth about $27,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Viasat in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insider Transactions at Viasat

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $9.00, for a total value of $33,750,000.00. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on VSAT. Morgan Stanley reduced their price target on Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. StockNews.com raised shares of Viasat from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Barclays upped 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. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Monday, March 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Viasat in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $14.57.

Viasat Trading Up 4.5 %

VSAT stock opened at $10.28 on Thursday. The company has a fifty day moving average price of $9.76 and a two-hundred day moving average price of $9.84. 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 stock has a market cap of $1.33 billion, a price-to-earnings ratio of -3.06 and a beta of 1.38. Viasat, Inc. has a one year low of $6.69 and a one year high of $26.70.

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

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.