Viasat, Inc. (NASDAQ:VSAT) Shares Sold by IMA Wealth Inc.

IMA Wealth Inc. cut its stake in Viasat, Inc. (NASDAQ:VSAT) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,919 shares of the communications equipment provider’s stock after selling 9,307 shares during the period. IMA Wealth Inc.’s holdings in Viasat were worth $1,172,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VSAT. Signaturefd LLC raised its holdings in Viasat by 303.6% in the fourth quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 759 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Viasat in the fourth quarter valued at $37,000. Hanson & Doremus Investment Management increased its stake in Viasat by 579.1% during the third quarter. Hanson & Doremus Investment Management now owns 3,837 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 3,272 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in Viasat during the third quarter valued at $84,000. Finally, CI Investments Inc. bought a new stake in Viasat during the third quarter valued at $120,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price on shares of Viasat from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.17.

Viasat Stock Performance

Shares of Viasat stock traded up $0.68 during trading on Friday, hitting $16.01. 1,091,639 shares of the stock were exchanged, compared to its average volume of 1,076,870. The stock’s fifty day moving average is $17.64 and its 200 day moving average is $20.57. The stock has a market cap of $2.01 billion, a PE ratio of 2.11 and a beta of 1.33. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.46 and a current ratio of 2.71. Viasat, Inc. has a 12 month low of $15.02 and a 12 month high of $47.35.

Viasat (NASDAQ:VSAT) last released its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.85). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Viasat had a return on equity of 4.52% and a net margin of 6.01%. As a group, sell-side analysts anticipate that Viasat, Inc. will post -1.43 EPS for the current 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.