Is Buying Viasat Inc (NASDAQ:VSAT), Having Lower Short Interest a Winning Strategy?

June 14, 2018 - By Henry Gaston

Viasat, Inc. (NASDAQ:VSAT) Logo

Investors sentiment decreased to 1.07 in Q1 2018. Its down 0.31, from 1.38 in 2017Q4. It turned negative, as 16 investors sold Viasat, Inc. shares while 58 reduced holdings. 17 funds opened positions while 62 raised stakes. 61.74 million shares or 0.29% more from 61.56 million shares in 2017Q4 were reported.
Metropolitan Life Ins New York owns 31,191 shares for 0% of their portfolio. California-based California State Teachers Retirement Sys has invested 0.01% in Viasat, Inc. (NASDAQ:VSAT). 12,280 are held by Thrivent Fin For Lutherans. Zeke Cap Advsrs Limited Liability Corporation holds 3,216 shares or 0.02% of its portfolio. Baupost Ltd Com Ma invested in 13.66M shares or 8.66% of the stock. Steinberg Asset Limited Com has 249,880 shares. Portolan Cap Management Limited Liability Company invested in 0.14% or 19,393 shares. State Street has 0.01% invested in Viasat, Inc. (NASDAQ:VSAT) for 1.83 million shares. D E Shaw & Inc reported 338,722 shares stake. Strs Ohio reported 0% stake. Great West Life Assurance Can holds 0% or 31,436 shares in its portfolio. Moreover, Goldman Sachs Group has 0.01% invested in Viasat, Inc. (NASDAQ:VSAT). Federated Invsts Pa reported 22,235 shares or 0% of all its holdings. Group Incorporated Incorporated accumulated 143,232 shares or 0.03% of the stock. Fifth Third Natl Bank has 0% invested in Viasat, Inc. (NASDAQ:VSAT) for 287 shares.

Since March 1, 2018, it had 0 buys, and 11 selling transactions for $1.23 million activity. 700 shares valued at $48,902 were sold by STENBIT JOHN P on Thursday, March 1. 1,800 shares were sold by Lippert Keven K, worth $129,834 on Wednesday, March 7. Shares for $158,142 were sold by Peterman Ken Allen. The insider NASH JEFFREY M sold 2,000 shares worth $145,298.

The stock of Viasat Inc (NASDAQ:VSAT) registered a decrease of 2.47% in short interest. VSAT’s total short interest was 9.39M shares in June as published by FINRA. Its down 2.47% from 9.63 million shares, reported previously. With 287,200 shares average volume, it will take short sellers 33 days to cover their VSAT’s short positions. The short interest to Viasat Inc’s float is 25.07%.

The stock increased 1.27% or $0.81 during the last trading session, reaching $64.7. About 241,666 shares traded. Viasat, Inc. (NASDAQ:VSAT) has declined 6.44% since June 14, 2017 and is downtrending. It has underperformed by 19.01% the S&P500.

ViaSat, Inc. provides broadband and communications services and products worldwide. The company has market cap of $3.81 billion. The company??s Satellite Services segment offers fixed broadband services, including broadband Internet access and voice over Internet protocol services under the Exede and WildBlue brands to clients and businesses; in-flight Internet and aviation software services to commercial airlines; mobile broadband services comprising network management and high-speed Internet connectivity services for clients using airborne, maritime, and ground mobile satellite systems; and enterprise broadband services. It currently has negative earnings. As of March 31, 2017, this segment provided broadband Internet services to approximately 659,000 consumer and small business subscribers.

Viasat, Inc. (NASDAQ:VSAT) Ratings Coverage

Among 6 analysts covering Viasat (NASDAQ:VSAT), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. Viasat has $78 highest and $5200 lowest target. $67.80’s average target is 4.79% above currents $64.7 stock price. Viasat had 6 analyst reports since December 15, 2017 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, February 12 by JP Morgan. The firm has “Sell” rating given on Thursday, March 29 by Barclays Capital. RBC Capital Markets maintained it with “Sell” rating and $5200 target in Tuesday, March 27 report. The rating was maintained by Needham on Friday, April 6 with “Buy”.

More news for Viasat, Inc. (NASDAQ:VSAT) were recently published by: Seekingalpha.com, which released: “ViaSat, Inc. 2018 Q4 – Results – Earnings Call Slides” on May 25, 2018. Streetinsider.com‘s article titled: “ViaSat (VSAT) Announces Acquisition of Horsebridge Defence & Security” and published on June 13, 2018 is yet another important article.

Viasat, Inc. (NASDAQ:VSAT) Institutional Positions Chart

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