Financial Engines Advisors L.L.C. Has $1.51 Million Stock Holdings in Viasat, Inc. (NASDAQ:VSAT)

Financial Engines Advisors L.L.C. decreased its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,827 shares of the communications equipment provider’s stock after selling 20,838 shares during the quarter. Financial Engines Advisors L.L.C. owned approximately 0.14% of Viasat worth $1,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Disciplined Growth Investors Inc. MN raised its holdings in Viasat by 28.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after buying an additional 969,942 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Viasat by 23.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider’s stock valued at $16,063,000 after acquiring an additional 364,072 shares during the last quarter. South Dakota Investment Council raised its stake in shares of Viasat by 98.5% in the 4th quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider’s stock valued at $5,747,000 after acquiring an additional 335,082 shares in the last quarter. State Street Corp lifted its holdings in Viasat by 6.6% in the 3rd quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock worth $53,083,000 after purchasing an additional 276,376 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Viasat by 26.4% during the fourth quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider’s stock worth $10,460,000 after purchasing an additional 256,389 shares during the period. Institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VSAT. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday. Morgan Stanley dropped their target price on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. William Blair restated a “market perform” rating on shares of Viasat in a report on Friday, February 7th. Cantor Fitzgerald assumed coverage on Viasat in a research note on Friday, January 24th. They issued a “neutral” rating and a $12.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 target price on shares of Viasat in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.57.

Insider Transactions at Viasat

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $9.00, for a total value of $33,750,000.00. Following the sale, the insider now owns 4,795,334 shares of the company’s stock, valued at approximately $43,158,006. This represents a 43.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by insiders.

Viasat Stock Performance

VSAT opened at $11.55 on Thursday. The stock’s 50 day simple moving average is $9.68 and its 200-day simple moving average is $9.98. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1.49 billion, a PE ratio of -3.44 and a beta of 1.38. Viasat, Inc. has a 1 year low of $6.69 and a 1 year high of $26.70.

Viasat (NASDAQ:VSAT) last posted its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. Sell-side analysts forecast that Viasat, Inc. will post -0.54 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.