Viasat Inc. $VSAT Shares Sold by OCO Capital Partners L.P.

OCO Capital Partners L.P. lessened its position in Viasat Inc. (NASDAQ:VSAT) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,950,000 shares of the communications equipment provider’s stock after selling 50,000 shares during the period. Viasat makes up about 39.5% of OCO Capital Partners L.P.’s investment portfolio, making the stock its biggest holding. OCO Capital Partners L.P.’s holdings in Viasat were worth $205,037,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vise Technologies Inc. boosted its position in shares of Viasat by 4.8% during the fourth quarter. Vise Technologies Inc. now owns 7,446 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 342 shares in the last quarter. CWM LLC increased its position in shares of Viasat by 1.8% in the 4th quarter. CWM LLC now owns 19,360 shares of the communications equipment provider’s stock valued at $667,000 after buying an additional 349 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Viasat by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 19,145 shares of the communications equipment provider’s stock valued at $561,000 after buying an additional 361 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Viasat by 5.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,039 shares of the communications equipment provider’s stock worth $277,000 after buying an additional 396 shares during the period. Finally, GAMMA Investing LLC raised its stake in Viasat by 20.1% during the 4th quarter. GAMMA Investing LLC now owns 2,866 shares of the communications equipment provider’s stock worth $99,000 after buying an additional 479 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Viasat

In other Viasat news, CEO Mark D. Dankberg sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $64.76, for a total value of $25,904,000.00. Following the sale, the chief executive officer owned 1,082,196 shares in the company, valued at approximately $70,083,012.96. The trade was a 26.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard A. Baldridge sold 27,122 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $71.74, for a total value of $1,945,732.28. Following the transaction, the director directly owned 213,355 shares of the company’s stock, valued at approximately $15,306,087.70. This trade represents a 11.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 434,275 shares of company stock valued at $28,359,079 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on VSAT. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $97.00 target price on shares of Viasat in a research note on Monday, June 1st. New Street Research initiated coverage on Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price target on the stock. 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. Raymond James Financial set a $74.00 price objective on Viasat and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.13.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $62.45 on Wednesday. The company has a fifty day moving average price of $66.89 and a 200 day moving average price of $51.02. The firm has a market cap of $8.53 billion, a PE ratio of -215.34 and a beta of 1.71. The company has a current ratio of 2.41, a quick ratio of 2.19 and a debt-to-equity ratio of 1.35. Viasat Inc. has a 1-year low of $12.40 and a 1-year high of $89.79.

Viasat (NASDAQ:VSAT) last released its quarterly earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.34). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion. Viasat had a negative net margin of 0.73% and a positive return on equity of 1.58%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS. Research analysts predict that Viasat Inc. will post -0.35 earnings per share for the current fiscal year.

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.