46,505 Shares in Viasat Inc. $VSAT Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of Viasat Inc. (NASDAQ:VSAT) during the second quarter, HoldingsChannel reports. The fund acquired 46,505 shares of the communications equipment provider’s stock, valued at approximately $4,177,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in shares of Viasat by 4.4% in the second quarter. Versant Capital Management Inc now owns 4,940 shares of the communications equipment provider’s stock worth $444,000 after acquiring an additional 207 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Viasat by 2.6% during the first quarter. Cetera Investment Advisers now owns 8,605 shares of the communications equipment provider’s stock valued at $394,000 after purchasing an additional 217 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Viasat by 935.3% during the second quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 318 shares during the last quarter. Vise Technologies Inc. increased its holdings in shares of Viasat by 4.8% in the fourth quarter. Vise Technologies Inc. now owns 7,446 shares of the communications equipment provider’s stock valued at $257,000 after purchasing an additional 342 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Viasat by 1.8% in the fourth quarter. CWM LLC now owns 19,360 shares of the communications equipment provider’s stock valued at $667,000 after purchasing an additional 349 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays set a $49.00 price objective on Viasat in a report on Friday, May 29th. Oppenheimer assumed coverage on Viasat in a research note on Monday, June 29th. They issued an “outperform” rating and a $140.00 target price for the company. Raymond James Financial set a $74.00 target price on Viasat and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen lowered Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, New Street Research initiated coverage on Viasat in a report on Wednesday, May 13th. They issued a “buy” rating and a $100.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.67.

Insider Buying and Selling

In other news, Director Theresa Wise sold 2,500 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $69.00, for a total value of $172,500.00. Following the transaction, the director directly owned 11,000 shares in the company, valued at $759,000. This trade represents a 18.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Garrett L. Chase sold 4,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $62.41, for a total value of $249,640.00. Following the completion of the transaction, the chief financial officer owned 34,239 shares in the company, valued at $2,136,855.99. This represents a 10.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 671,861 shares of company stock worth $47,405,788 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Viasat Trading Up 0.9%

VSAT opened at $74.72 on Friday. The firm has a 50 day simple moving average of $74.62 and a 200 day simple moving average of $63.23. Viasat Inc. has a fifty-two week low of $26.10 and a fifty-two week high of $93.03. The company has a market cap of $10.29 billion, a price-to-earnings ratio of -311.33 and a beta of 1.72. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.68 and a quick ratio of 1.52.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34). Viasat had a negative net margin of 0.64% and a positive return on equity of 1.44%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted ($0.02) earnings per share. Viasat’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Viasat Inc. will post -0.36 earnings per share for the current year.

Viasat Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.