New York State Common Retirement Fund raised its position in ViaSat, Inc. (NASDAQ:VSAT) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,700 shares of the communications equipment provider’s stock after purchasing an additional 1,599 shares during the quarter. New York State Common Retirement Fund owned 0.10% of ViaSat worth $3,820,000 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 VSAT. PNC Financial Services Group Inc. raised its position in ViaSat by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 131 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ViaSat by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock valued at $121,000 after purchasing an additional 216 shares during the period. Balter Liquid Alternatives LLC purchased a new stake in ViaSat in the second quarter valued at approximately $208,000. Riverhead Capital Management LLC raised its position in ViaSat by 75.7% in the second quarter. Riverhead Capital Management LLC now owns 3,162 shares of the communications equipment provider’s stock valued at $209,000 after purchasing an additional 1,362 shares during the period. Finally, World Asset Management Inc raised its position in ViaSat by 1.7% in the second quarter. World Asset Management Inc now owns 3,279 shares of the communications equipment provider’s stock valued at $217,000 after purchasing an additional 56 shares during the period. 99.42% of the stock is currently owned by institutional investors.
ViaSat, Inc. (NASDAQ VSAT) opened at 64.61 on Thursday. The firm has a 50 day moving average of $63.38 and a 200 day moving average of $64.57. ViaSat, Inc. has a 1-year low of $57.75 and a 1-year high of $82.19. The firm has a market cap of $3.75 billion, a P/E ratio of 279.70 and a beta of 0.71.
ViaSat (NASDAQ:VSAT) last issued its earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The business had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $384.29 million. During the same period in the prior year, the business posted $0.23 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts expect that ViaSat, Inc. will post $0.05 EPS for the current year.
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A number of analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research report on Sunday, August 13th. TheStreet lowered ViaSat from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada set a $50.00 target price on ViaSat and gave the company a “sell” rating in a research report on Tuesday, August 15th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $80.00 target price (down previously from $82.00) on shares of ViaSat in a research report on Monday, July 10th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.70.
In other ViaSat news, insider Bruce Leroy Dirks bought 1,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $59.78 per share, with a total value of $59,780.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey M. Nash sold 2,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $64.94, for a total transaction of $129,880.00. The disclosure for this sale can be found here. In the last three months, insiders sold 179,350 shares of company stock worth $11,258,137. Insiders own 7.70% of the company’s stock.
ViaSat Company Profile
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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