ViaSat, Inc. (VSAT) Shares Bought by B. Riley Financial Inc.
B. Riley Financial Inc. lifted its position in ViaSat, Inc. (NASDAQ:VSAT) by 123.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,104 shares of the communications equipment provider’s stock after acquiring an additional 11,680 shares during the quarter. B. Riley Financial Inc.’s holdings in ViaSat were worth $1,352,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of VSAT. Disciplined Growth Investors Inc. MN lifted its position in shares of ViaSat by 109.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,148,694 shares of the communications equipment provider’s stock valued at $76,044,000 after acquiring an additional 599,752 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of ViaSat in the 2nd quarter valued at approximately $29,147,000. Fiduciary Management Inc. WI purchased a new stake in ViaSat in the 2nd quarter worth approximately $28,948,000. Odey Asset Management Group Ltd lifted its position in ViaSat by 23.2% in the 2nd quarter. Odey Asset Management Group Ltd now owns 2,148,954 shares of the communications equipment provider’s stock worth $142,261,000 after buying an additional 404,251 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in ViaSat in the 2nd quarter worth approximately $18,403,000. Institutional investors and hedge funds own 99.42% of the company’s stock.
A number of equities research analysts have issued reports on VSAT shares. Needham & Company LLC upgraded shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Friday, November 10th. B. Riley reiterated a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research report on Thursday, November 9th. TheStreet downgraded shares of ViaSat from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group set a $67.00 target price on shares of ViaSat and gave the stock a “hold” rating in a research report on Sunday, September 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $73.36.
ViaSat, Inc. (NASDAQ:VSAT) opened at $73.44 on Tuesday. The firm has a market cap of $4,281.60, a price-to-earnings ratio of 1,470.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.71 and a current ratio of 2.26. ViaSat, Inc. has a twelve month low of $57.75 and a twelve month high of $74.99.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $393.10 million for the quarter, compared to the consensus estimate of $401.83 million. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. ViaSat’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. sell-side analysts forecast that ViaSat, Inc. will post -0.98 earnings per share for the current fiscal year.
In other news, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $74.10, for a total transaction of $51,870.00. Following the transaction, the director now owns 10,300 shares in the company, valued at approximately $763,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark D. Dankberg sold 28,500 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $62.00, for a total transaction of $1,767,000.00. Following the transaction, the chief executive officer now owns 28,500 shares in the company, valued at approximately $1,767,000. The disclosure for this sale can be found here. Insiders have sold a total of 138,300 shares of company stock worth $8,911,043 in the last 90 days. 7.70% of the stock is owned by insiders.
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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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