FORA Capital LLC Invests $344,000 in Viasat, Inc. (NASDAQ:VSAT)

FORA Capital LLC bought a new position in Viasat, Inc. (NASDAQ:VSAT) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 28,822 shares of the communications equipment provider’s stock, valued at approximately $344,000.

A number of other large investors have also recently made changes to their positions in VSAT. CANADA LIFE ASSURANCE Co increased its holdings in shares of Viasat by 23.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 70,622 shares of the communications equipment provider’s stock worth $1,277,000 after buying an additional 13,304 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Viasat by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,183 shares of the communications equipment provider’s stock worth $1,089,000 after buying an additional 3,712 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Viasat in the 2nd quarter worth about $293,000. Nisa Investment Advisors LLC bought a new stake in shares of Viasat in the 2nd quarter worth about $67,000. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Viasat by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 37,800 shares of the communications equipment provider’s stock worth $480,000 after buying an additional 600 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

Viasat Price Performance

Viasat stock opened at $9.33 on Friday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -2.99 and a beta of 1.37. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. Viasat, Inc. has a 1 year low of $6.69 and a 1 year high of $29.11. The firm has a 50-day moving average of $10.22 and a two-hundred day moving average of $14.06.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.54) by ($0.53). Viasat had a negative net margin of 8.73% and a negative return on equity of 7.58%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm posted ($6.16) EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts forecast that Viasat, Inc. will post -2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VSAT. Barclays dropped their price target on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Bank of America dropped their price target on shares of Viasat from $31.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, September 20th. StockNews.com cut shares of Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. JPMorgan Chase & Co. cut shares of Viasat from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $29.00 to $15.00 in a research note on Tuesday, September 17th. Finally, Needham & Company LLC dropped their price target on shares of Viasat from $28.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.33.

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.