Susquehanna Fundamental Investments LLC Makes New Investment in Viasat, Inc. (NASDAQ:VSAT)

Susquehanna Fundamental Investments LLC purchased a new position in Viasat, Inc. (NASDAQ:VSAT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 91,653 shares of the communications equipment provider’s stock, valued at approximately $780,000. Susquehanna Fundamental Investments LLC owned 0.07% of Viasat at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its holdings in Viasat by 75.3% during 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 in the last quarter. Venturi Wealth Management LLC purchased a new position in Viasat during the fourth quarter valued at approximately $31,000. Sterling Capital Management LLC increased its holdings in Viasat by 850.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider’s stock worth $34,000 after acquiring an additional 3,546 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Viasat in the 4th quarter worth approximately $35,000. Finally, AlphaQuest LLC boosted its holdings in Viasat by 39.0% in the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 1,255 shares during the period. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $9.00, for a total value of $33,750,000.00. Following the sale, the insider now directly owns 4,795,334 shares of the company’s stock, valued at $43,158,006. This trade represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.20% of the company’s stock.

Viasat Price Performance

Shares of NASDAQ:VSAT opened at $9.38 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1.21 billion, a PE ratio of -2.79 and a beta of 1.06. The company’s fifty day moving average is $9.28 and its 200 day moving average is $9.33. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $26.70.

Viasat (NASDAQ:VSAT) last released its 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%. Research analysts anticipate that Viasat, Inc. will post -0.54 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VSAT shares. StockNews.com raised Viasat from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Monday, March 24th. Morgan Stanley decreased their price objective on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. William Blair reissued a “market perform” rating on shares of Viasat in a research note on Tuesday, April 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Viasat in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.57.

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.