Baupost Group LLC MA decreased its stake in Viasat Inc. (NASDAQ:VSAT – Free Report) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,190,728 shares of the communications equipment provider’s stock after selling 2,031,862 shares during the period. Viasat accounts for 3.0% of Baupost Group LLC MA’s portfolio, making the stock its 13th largest position. Baupost Group LLC MA owned approximately 7.89% of Viasat worth $106,187,000 as of its most recent filing with the Securities and Exchange Commission.

• Viasat: Why a Wall of Cash Has Shorts Running for Cover

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Viasat by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 14,646,644 shares of the communications equipment provider’s stock worth $152,618,000 after purchasing an additional 872,784 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Viasat by 2.9% in the 1st quarter. Neuberger Berman Group LLC now owns 5,190,232 shares of the communications equipment provider’s stock worth $53,913,000 after purchasing an additional 145,868 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Viasat by 26.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,384,942 shares of the communications equipment provider’s stock worth $24,851,000 after purchasing an additional 497,405 shares during the last quarter. Nuveen LLC bought a new stake in Viasat during the 1st quarter valued at $20,593,000. Finally, Bank of America Corp DE raised its stake in Viasat by 149.6% during the 4th quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider’s stock valued at $11,618,000 after acquiring an additional 818,301 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

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Analyst Upgrades and Downgrades

VSAT has been the topic of several recent analyst reports. Wall Street Zen raised Viasat from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. B. Riley cut their target price on Viasat from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, May 27th. Needham & Company LLC lifted their target price on Viasat from $16.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. William Blair raised Viasat from a “market perform” rating to an “outperform” rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their target price on Viasat from $10.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Viasat has a consensus rating of “Hold” and a consensus price target of $21.13.

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Check Out Our Latest Stock Analysis on VSAT

Viasat Stock Up 5.0%

Shares of VSAT stock opened at $27.93 on Friday. Viasat Inc. has a 1 year low of $6.69 and a 1 year high of $28.59. The stock has a market cap of $3.75 billion, a PE ratio of -6.05 and a beta of 1.20. The business’s fifty day moving average is $18.14 and its 200-day moving average is $12.51. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.87 and a current ratio of 2.11.

• Viasat Drops 29%: Falling Knife or Moonshot Bargain?

Viasat (NASDAQ:VSAT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.32. Viasat had a negative return on equity of 6.37% and a negative net margin of 13.11%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts expect that Viasat Inc. will post -0.54 earnings per share for the current fiscal year.

Viasat Profile

(Free Report)

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.

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