Vanguard Group Inc. decreased its stake in ViaSat Inc. (NASDAQ:VSAT) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,301,938 shares of the company’s stock after selling 163,732 shares during the period. Vanguard Group Inc. owned 6.75% of ViaSat worth $235,758,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of VSAT. State Street Corp increased its position in shares of ViaSat by 3.3% in the first quarter. State Street Corp now owns 915,600 shares of the company’s stock valued at $67,280,000 after buying an additional 29,338 shares during the last quarter. Brookside Capital Management LLC increased its position in shares of ViaSat by 7.6% in the first quarter. Brookside Capital Management LLC now owns 1,343,298 shares of the company’s stock worth $98,706,000 after buying an additional 95,015 shares during the last quarter. BlackRock Group LTD increased its position in shares of ViaSat by 11.2% in the first quarter. BlackRock Group LTD now owns 53,779 shares of the company’s stock worth $3,951,000 after buying an additional 5,428 shares during the last quarter. BlackRock Inc. increased its position in shares of ViaSat by 120.1% in the first quarter. BlackRock Inc. now owns 2,923 shares of the company’s stock worth $214,000 after buying an additional 1,595 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of ViaSat by 281.4% in the second quarter. Nationwide Fund Advisors now owns 105,392 shares of the company’s stock worth $7,525,000 after buying an additional 77,758 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.
ViaSat Inc. (NASDAQ:VSAT) opened at 71.86 on Friday. ViaSat Inc. has a 52 week low of $56.02 and a 52 week high of $79.15. The company has a market cap of $3.54 billion, a PE ratio of 167.90 and a beta of 0.97. The company has a 50-day moving average of $74.03 and a 200-day moving average of $73.40.
ViaSat (NASDAQ:VSAT) last released its earnings results on Tuesday, August 9th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.03. ViaSat had a return on equity of 2.59% and a net margin of 1.46%. The business earned $363.10 million during the quarter, compared to analysts’ expectations of $371.89 million. During the same quarter in the previous year, the business earned $0.25 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts expect that ViaSat Inc. will post $1.21 EPS for the current year.
VSAT has been the topic of a number of research reports. Zacks Investment Research cut shares of ViaSat from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. B. Riley restated a “buy” rating and set a $89.00 target price on shares of ViaSat in a report on Sunday, August 14th. Needham & Company LLC restated a “hold” rating on shares of ViaSat in a report on Wednesday, October 5th. Finally, Jefferies Group initiated coverage on shares of ViaSat in a report on Monday, August 1st. They set a “hold” rating and a $85.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $73.80.
In other news, CEO Mark D. Dankberg sold 26,250 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $75.27, for a total transaction of $1,975,837.50. Following the transaction, the chief executive officer now owns 26,250 shares in the company, valued at $1,975,837.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $73.64, for a total value of $51,548.00. Following the transaction, the director now owns 7,100 shares in the company, valued at approximately $522,844. The disclosure for this sale can be found here. 9.70% of the stock is owned by company 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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