Dimensional Fund Advisors LP cut its position in ViaSat Inc. (NASDAQ:VSAT) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 928,199 shares of the company’s stock after selling 23,270 shares during the period. Dimensional Fund Advisors LP owned about 1.90% of ViaSat worth $66,270,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in VSAT. LS Investment Advisors LLC raised its stake in shares of ViaSat by 71.0% in the second quarter. LS Investment Advisors LLC now owns 2,723 shares of the company’s stock worth $194,000 after buying an additional 1,131 shares in the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of ViaSat during the second quarter valued at about $202,000. Royal Bank of Canada raised its stake in shares of ViaSat by 1,412.3% in the first quarter. Royal Bank of Canada now owns 2,828 shares of the company’s stock valued at $208,000 after buying an additional 2,641 shares during the period. BlackRock Inc. raised its stake in shares of ViaSat by 120.1% in the first quarter. BlackRock Inc. now owns 2,923 shares of the company’s stock valued at $214,000 after buying an additional 1,595 shares during the period. Finally, Leavell Investment Management Inc. acquired a new stake in shares of ViaSat during the second quarter valued at about $246,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.
Shares of ViaSat Inc. (NASDAQ:VSAT) traded up 0.520% during trading on Friday, reaching $74.485. 43,499 shares of the company’s stock traded hands. The stock has a market cap of $3.67 billion, a P/E ratio of 174.030 and a beta of 0.96. The company has a 50 day moving average price of $74.50 and a 200-day moving average price of $73.43. ViaSat Inc. has a one year low of $56.02 and a one year high of $79.15.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by $0.03. ViaSat had a net margin of 1.46% and a return on equity of 2.59%. The company earned $363.10 million during the quarter, compared to analyst estimates of $371.89 million. During the same period in the prior year, the business posted $0.25 EPS. ViaSat’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that ViaSat Inc. will post $1.20 EPS for the current fiscal year.
Several brokerages recently issued reports on VSAT. Zacks Investment Research lowered shares of ViaSat from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. B. Riley restated a “buy” rating and set a $89.00 target price on shares of ViaSat in a research report on Sunday, August 14th. Finally, Jefferies Group began coverage on shares of ViaSat in a research report on Monday, August 1st. They set a “hold” rating and a $85.00 target price for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.60.
In related news, CFO Shawn Lynn Duffy sold 1,875 shares of ViaSat stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $75.00, for a total value of $140,625.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark D. Dankberg sold 26,250 shares of ViaSat stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $75.27, for a total transaction of $1,975,837.50. Following the completion of the sale, the chief executive officer now directly owns 26,250 shares in the company, valued at approximately $1,975,837.50. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by corporate insiders.
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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