Louisiana State Employees Retirement System Acquires 300 Shares of ViaSat, Inc. (NASDAQ:VSAT)

Louisiana State Employees Retirement System raised its holdings in ViaSat, Inc. (NASDAQ:VSAT) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,200 shares of the communications equipment provider’s stock after acquiring an additional 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ViaSat were worth $1,178,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Pure Financial Advisors Inc. acquired a new position in ViaSat in the 1st quarter valued at about $241,000. Geode Capital Management LLC grew its stake in ViaSat by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 649,189 shares of the communications equipment provider’s stock valued at $38,269,000 after buying an additional 66,470 shares during the last quarter. Norges Bank bought a new stake in ViaSat in the 4th quarter valued at about $30,846,000. FMR LLC boosted its holdings in ViaSat by 134.3% in the 4th quarter. FMR LLC now owns 63,425 shares of the communications equipment provider’s stock valued at $3,739,000 after purchasing an additional 36,350 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in ViaSat by 6.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 170,431 shares of the communications equipment provider’s stock valued at $10,047,000 after purchasing an additional 10,496 shares during the period.

VSAT has been the subject of a number of recent research reports. Zacks Investment Research raised shares of ViaSat from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Saturday, January 12th. BidaskClub raised shares of ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Barclays reissued a “sell” rating and issued a $66.00 price objective on shares of ViaSat in a report on Wednesday, February 13th. Raymond James boosted their price objective on shares of ViaSat from $73.00 to $81.00 and gave the company a “positive” rating in a report on Friday, February 15th. Finally, ValuEngine raised shares of ViaSat from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. ViaSat currently has a consensus rating of “Buy” and a consensus price target of $79.13.

In related news, COO Richard A. Baldridge sold 84,401 shares of the stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $72.74, for a total transaction of $6,139,328.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Bruce Leroy Dirks sold 25,000 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $73.61, for a total transaction of $1,840,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 212,026 shares of company stock worth $15,828,005. 8.10% of the stock is owned by insiders.

Shares of VSAT traded up $1.39 during trading hours on Friday, hitting $90.48. 402,289 shares of the stock were exchanged, compared to its average volume of 491,642. ViaSat, Inc. has a fifty-two week low of $55.93 and a fifty-two week high of $92.62. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.60. The stock has a market cap of $5.47 billion, a PE ratio of -105.21 and a beta of 0.96.

ViaSat (NASDAQ:VSAT) last issued its earnings results on Thursday, February 7th. The communications equipment provider reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.24. The business had revenue of $554.69 million for the quarter, compared to analyst estimates of $487.99 million. ViaSat had a negative net margin of 4.62% and a negative return on equity of 4.60%. ViaSat’s revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) earnings per share. Sell-side analysts anticipate that ViaSat, Inc. will post -1.43 EPS for the current fiscal year.

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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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.

Read More: Price to Earnings Ratio (PE) Basics

Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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