Landscape Capital Management L.L.C. Makes New Investment in Viasat Inc. $VSAT

Landscape Capital Management L.L.C. acquired a new position in shares of Viasat Inc. (NASDAQ:VSAT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,505 shares of the communications equipment provider’s stock, valued at approximately $4,177,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Viasat in the second quarter valued at $1,863,374,000. Price T Rowe Associates Inc. MD boosted its stake in Viasat by 2,821.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,222,981 shares of the communications equipment provider’s stock worth $111,065,000 after buying an additional 3,112,670 shares in the last quarter. Millennium Management LLC increased its holdings in Viasat by 673.7% in the 1st quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider’s stock valued at $14,443,000 after buying an additional 1,206,935 shares during the period. Goldman Sachs Group Inc. increased its holdings in Viasat by 64.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock valued at $29,866,000 after buying an additional 1,128,338 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Viasat by 43.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,307,187 shares of the communications equipment provider’s stock valued at $96,890,000 after buying an additional 1,002,737 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.

Viasat Stock Up 0.9%

Shares of NASDAQ:VSAT opened at $74.72 on Friday. The company’s fifty day moving average is $74.62 and its 200-day moving average is $63.23. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. Viasat Inc. has a 52 week low of $26.10 and a 52 week high of $93.03. The company has a market capitalization of $10.29 billion, a PE ratio of -311.33 and a beta of 1.72.

Viasat (NASDAQ:VSAT) last announced its earnings results 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 positive return on equity of 1.44% and a negative net margin of 0.64%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned ($0.02) EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts predict that Viasat Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on VSAT. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research report on Friday, July 17th. Oppenheimer started coverage on shares of Viasat in a research report on Monday, June 29th. They issued an “outperform” rating and a $140.00 price target for the company. Zacks Research upgraded shares of Viasat from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. B. Riley Financial lifted their price objective on Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Barclays set a $49.00 price objective on Viasat in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Viasat has an average rating of “Moderate Buy” and a consensus price target of $90.67.

Insider Activity

In other news, CFO Garrett L. Chase sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $72.23, for a total value of $288,920.00. Following the transaction, the chief financial officer directly owned 30,239 shares of the company’s stock, valued at $2,184,162.97. The trade was a 11.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theresa Wise sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $84.69, for a total value of $211,725.00. Following the sale, the director owned 11,000 shares in the company, valued at approximately $931,590. This trade represents a 18.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 671,861 shares of company stock valued at $47,405,788. Corporate insiders own 1.40% of the company’s stock.

Viasat Company 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.