Caitlin John LLC Invests $1.26 Million in Viasat Inc. $VSAT

Caitlin John LLC purchased a new position in shares of Viasat Inc. (NASDAQ:VSAT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,034 shares of the communications equipment provider’s stock, valued at approximately $1,260,000. Viasat comprises approximately 0.7% of Caitlin John LLC’s portfolio, making the stock its 24th largest holding.

A number of other large investors also recently bought and sold shares of the business. Equitable Holdings Inc. bought a new position in Viasat in the 2nd quarter valued at $4,650,000. Jefferies Financial Group Inc. bought a new stake in shares of Viasat during the second quarter worth $1,055,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Viasat during the second quarter valued at $199,000. Proficio Capital Partners LLC purchased a new stake in shares of Viasat during the second quarter valued at $366,000. Finally, Pure Financial Advisors LLC bought a new position in shares of Viasat in the second quarter worth about $707,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Viasat from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. New Street Research started coverage on Viasat in a report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price objective on the stock. Needham & Company LLC upped their target price on Viasat from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $97.00 price target on shares of Viasat in a research report on Monday, June 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.67.

Insider Buying and Selling at Viasat

In related news, Director Theresa Wise sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $84.69, for a total transaction of $211,725.00. Following the completion of the sale, the director directly owned 11,000 shares in the company, valued at $931,590. This represents a 18.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard A. Baldridge sold 223,542 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $80.62, for a total value of $18,021,956.04. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 675,861 shares of company stock worth $47,705,388. 1.40% of the stock is currently owned by company insiders.

Viasat Price Performance

NASDAQ VSAT opened at $72.73 on Friday. The company has a market cap of $10.02 billion, a PE ratio of -303.04 and a beta of 1.72. The firm’s 50 day moving average price is $75.26 and its 200-day moving average price is $64.26. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. Viasat Inc. has a 52-week low of $26.10 and a 52-week high of $93.03.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, May 28th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. Viasat had a positive return on equity of 1.44% and a negative net margin of 0.64%.The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned ($0.02) EPS. Sell-side analysts forecast that Viasat Inc. will post -0.36 EPS 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.