Hi Line Capital Management LLC Has $8.56 Million Stock Position in Viasat, Inc. (NASDAQ:VSAT)

Hi Line Capital Management LLC cut its position in Viasat, Inc. (NASDAQ:VSAT) by 7.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 306,254 shares of the communications equipment provider’s stock after selling 26,179 shares during the quarter. Viasat accounts for 3.3% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Hi Line Capital Management LLC’s holdings in Viasat were worth $8,560,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of 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 buying an additional 759 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Viasat in the fourth quarter worth about $37,000. Asset Management One Co. Ltd. acquired a new position in shares of Viasat during the third quarter worth approximately $84,000. CI Investments Inc. bought a new stake in shares of Viasat during the third quarter valued at approximately $120,000. Finally, Arena Capital Advisors LLC CA acquired a new stake in shares of Viasat in the fourth quarter valued at approximately $151,000. 86.05% of the stock is owned by institutional investors.

Viasat Stock Down 1.6 %

Shares of NASDAQ:VSAT opened at $17.30 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.71 and a quick ratio of 2.46. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 2.32 and a beta of 1.31. The company has a 50 day moving average of $17.20 and a 200-day moving average of $20.46. Viasat, Inc. has a one year low of $15.02 and a one year high of $47.35.

Viasat (NASDAQ:VSAT) last released its earnings results on Tuesday, February 6th. The communications equipment provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.85). Viasat had a return on equity of 4.52% and a net margin of 6.01%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. On average, sell-side analysts forecast that Viasat, Inc. will post -1.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price objective on Viasat from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Viasat has a consensus rating of “Hold” and an average target price of $38.17.

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.