Viasat, Inc. (NASDAQ:VSAT) Shares Sold by Bayesian Capital Management LP

Bayesian Capital Management LP trimmed its holdings in Viasat, Inc. (NASDAQ:VSAT) by 3.7% during the first quarter, HoldingsChannel.com reports. The firm owned 33,834 shares of the communications equipment provider’s stock after selling 1,300 shares during the period. Bayesian Capital Management LP’s holdings in Viasat were worth $612,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Viasat by 303.6% in the 4th quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 759 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Viasat in the 4th quarter valued at approximately $37,000. TFO Wealth Partners LLC increased its holdings in shares of Viasat by 11,033.3% in the 4th quarter. TFO Wealth Partners LLC now owns 1,670 shares of the communications equipment provider’s stock valued at $47,000 after acquiring an additional 1,655 shares during the last quarter. Tidemark LLC bought a new stake in shares of Viasat in the 4th quarter valued at approximately $72,000. Finally, Headlands Technologies LLC bought a new position in Viasat during the 1st quarter worth $86,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on VSAT. Deutsche Bank Aktiengesellschaft lowered their price objective on Viasat from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, May 28th. JPMorgan Chase & Co. lowered their price objective on Viasat from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Bank of America boosted their price target on Viasat from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Viasat in a research report on Monday, June 17th. Finally, Barclays reduced their price target on Viasat from $28.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Viasat presently has an average rating of “Hold” and a consensus price target of $25.17.

Viasat Price Performance

Shares of Viasat stock traded up $0.24 during trading on Tuesday, hitting $19.77. The stock had a trading volume of 1,157,585 shares, compared to its average volume of 1,507,414. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.68 and a quick ratio of 2.44. The firm has a market cap of $2.49 billion, a P/E ratio of -2.22 and a beta of 1.37. The business has a fifty day moving average of $15.23 and a two-hundred day moving average of $17.62. Viasat, Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $31.83.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Tuesday, May 21st. The communications equipment provider reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.12). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.11 billion. Viasat had a negative net margin of 24.95% and a negative return on equity of 19.76%. On average, sell-side analysts expect that Viasat, Inc. will post -1.46 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.