Caitlin John LLC Grows Position in Viasat, Inc. (NASDAQ:VSAT)

Caitlin John LLC grew its stake in Viasat, Inc. (NASDAQ:VSAT) by 274.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,259 shares of the communications equipment provider’s stock after buying an additional 7,519 shares during the period. Caitlin John LLC’s holdings in Viasat were worth $87,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. National Bank of Canada FI acquired a new position in shares of Viasat in the 3rd quarter valued at $27,000. Point72 Hong Kong Ltd acquired a new position in shares of Viasat in the third quarter valued at about $28,000. KBC Group NV increased its holdings in shares of Viasat by 63.7% in the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 1,021 shares during the period. GAMMA Investing LLC raised its stake in shares of Viasat by 176.3% in the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 1,772 shares during the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of Viasat during the third quarter worth about $63,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

VSAT has been the topic of several research reports. Morgan Stanley cut their price target on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of Viasat in a research note on Tuesday, January 21st. Cantor Fitzgerald began coverage on shares of Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 target price for the company. Finally, Barclays cut their price target on Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.43.

Insider Activity

In other news, EVP Mark J. Miller sold 3,564 shares of Viasat stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.21, for a total value of $32,824.44. Following the sale, the executive vice president now owns 350,351 shares in the company, valued at $3,226,732.71. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.20% of the company’s stock.

Viasat Trading Down 0.1 %

VSAT opened at $9.23 on Thursday. The company has a fifty day moving average of $9.29 and a two-hundred day moving average of $12.00. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 1.28.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share 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 analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned ($6.16) EPS. Viasat’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, analysts forecast that Viasat, Inc. will post -2.62 EPS for the current fiscal year.

Viasat Company 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.