Cohen Klingenstein LLC maintained its position in shares of ViaSat, Inc. (NASDAQ:VSAT) during the second quarter, Holdings Channel reports. The fund owned 13,948 shares of the communications equipment provider’s stock at the end of the second quarter. Cohen Klingenstein LLC’s holdings in ViaSat were worth $923,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Neuburgh Advisers LLC increased its position in shares of ViaSat by 20.5% in the first quarter. Neuburgh Advisers LLC now owns 1,600 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 272 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of ViaSat during the first quarter valued at approximately $105,000. Glen Harbor Capital Management LLC increased its position in shares of ViaSat by 20.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,200 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 374 shares during the last quarter. Independent Portfolio Consultants Inc. purchased a new position in shares of ViaSat during the first quarter valued at approximately $163,000. Finally, Elkfork Partners LLC increased its position in shares of ViaSat by 20.5% in the first quarter. Elkfork Partners LLC now owns 2,800 shares of the communications equipment provider’s stock valued at $179,000 after buying an additional 476 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.
Shares of ViaSat, Inc. (NASDAQ VSAT) traded up 0.48% during trading on Monday, reaching $64.99. 328,270 shares of the company were exchanged. ViaSat, Inc. has a 1-year low of $61.85 and a 1-year high of $82.19. The stock’s 50 day moving average is $67.23 and its 200 day moving average is $65.94. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 144.42 and a beta of 0.69.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Tuesday, May 23rd. The communications equipment provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. ViaSat had a net margin of 1.52% and a return on equity of 2.07%. The business had revenue of $416.40 million during the quarter, compared to analyst estimates of $400.90 million. During the same quarter last year, the business earned $0.29 earnings per share. ViaSat’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts anticipate that ViaSat, Inc. will post $0.34 earnings per share for the current year.
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Several research analysts have commented on the stock. BidaskClub downgraded shares of ViaSat from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. J P Morgan Chase & Co reissued a “neutral” rating and issued a $74.00 price target on shares of ViaSat in a report on Wednesday, May 31st. B. Riley reissued a “buy” rating and issued a $89.00 price target on shares of ViaSat in a report on Tuesday, May 30th. Royal Bank Of Canada set a $50.00 price target on shares of ViaSat and gave the company a “sell” rating in a report on Saturday, May 27th. Finally, Wunderlich raised shares of ViaSat from a “sell” rating to a “hold” rating and set a $58.00 price target for the company in a report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. ViaSat presently has a consensus rating of “Hold” and an average price target of $76.45.
In other ViaSat news, Director John P. Stenbit sold 700 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $64.78, for a total transaction of $45,346.00. Following the completion of the transaction, the director now owns 8,700 shares in the company, valued at $563,586. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey M. Nash sold 5,000 shares of the stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $71.76, for a total transaction of $358,800.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $358,800. 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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