New York State Common Retirement Fund Purchases 27,892 Shares of Viasat, Inc. (NASDAQ:VSAT)

New York State Common Retirement Fund increased its position in Viasat, Inc. (NASDAQ:VSAT) by 60.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,354 shares of the communications equipment provider’s stock after acquiring an additional 27,892 shares during the period. New York State Common Retirement Fund owned about 0.06% of Viasat worth $2,078,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VSAT. 1900 Wealth Management LLC boosted its stake in shares of Viasat by 100.0% during the 4th quarter. 1900 Wealth Management LLC now owns 39,136 shares of the communications equipment provider’s stock worth $1,094,000 after acquiring an additional 19,568 shares during the last quarter. California Public Employees Retirement System grew its holdings in Viasat by 10.2% during the fourth quarter. California Public Employees Retirement System now owns 164,682 shares of the communications equipment provider’s stock valued at $4,603,000 after purchasing an additional 15,236 shares during the period. Arena Capital Advisors LLC CA purchased a new stake in Viasat in the fourth quarter worth about $151,000. Signaturefd LLC raised its stake in shares of Viasat by 303.6% in the fourth quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock worth $28,000 after buying an additional 759 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Viasat during the 4th quarter valued at about $1,045,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price target on shares of Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Viasat has an average rating of “Hold” and an average target price of $38.17.

Viasat Trading Down 0.1 %

Shares of VSAT opened at $17.59 on Thursday. The firm has a market cap of $2.20 billion, a P/E ratio of 2.32 and a beta of 1.31. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.71 and a quick ratio of 2.46. Viasat, Inc. has a 1 year low of $15.02 and a 1 year high of $47.35. The company has a 50 day simple moving average of $17.20 and a two-hundred day simple moving average of $20.46.

Viasat (NASDAQ:VSAT) last posted its earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.85). The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Viasat had a net margin of 6.01% and a return on equity of 4.52%. On average, equities analysts expect that Viasat, Inc. will post -1.43 earnings per share for the current fiscal 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.