Louisiana State Employees Retirement System Has $487,000 Holdings in Viasat, Inc. (NASDAQ:VSAT)

Louisiana State Employees Retirement System raised its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,800 shares of the communications equipment provider’s stock after buying an additional 3,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Viasat were worth $487,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VSAT. Carolina Wealth Advisors LLC bought a new stake in shares of Viasat during the third quarter valued at approximately $63,000. Waypoint Capital Advisors LLC increased its position in shares of Viasat by 40.4% during the third quarter. Waypoint Capital Advisors LLC now owns 191,304 shares of the communications equipment provider’s stock valued at $2,284,000 after purchasing an additional 55,000 shares during the period. Inspire Investing LLC increased its position in shares of Viasat by 22.1% during the third quarter. Inspire Investing LLC now owns 34,182 shares of the communications equipment provider’s stock valued at $408,000 after purchasing an additional 6,189 shares during the period. GAMMA Investing LLC increased its position in shares of Viasat by 176.3% during the third quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 1,772 shares during the period. Finally, Pacific Wealth Management bought a new stake in shares of Viasat during the third quarter valued at approximately $134,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Stock Performance

Shares of NASDAQ:VSAT opened at $10.50 on Wednesday. The business’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $15.02. Viasat, Inc. has a fifty-two week low of $9.37 and a fifty-two week high of $29.11. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -1.29 and a beta of 1.37. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.08 and a quick ratio of 2.78.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Viasat had a negative return on equity of 19.76% and a negative net margin of 22.13%. The business’s revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.83) earnings per share. As a group, analysts predict that Viasat, Inc. will post -1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VSAT shares. Bank of America lowered their price objective on Viasat from $31.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. cut Viasat from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $15.00 in a research report on Tuesday, September 17th. StockNews.com cut Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Finally, Needham & Company LLC lowered their price target on Viasat from $28.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Viasat presently has a consensus rating of “Hold” and an average price target of $20.83.

Insiders Place Their Bets

In other Viasat news, insider Cpp Investment Board Private H sold 2,811,442 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.90, for a total value of $55,947,695.80. Following the transaction, the insider now owns 8,545,334 shares of the company’s stock, valued at approximately $170,052,146.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.20% of the company’s stock.

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.