ViaSat, Inc. (VSAT) Shares Bought by Cobblestone Capital Advisors LLC NY
Cobblestone Capital Advisors LLC NY grew its stake in shares of ViaSat, Inc. (NASDAQ:VSAT) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,785 shares of the communications equipment provider’s stock after acquiring an additional 4,165 shares during the period. Cobblestone Capital Advisors LLC NY owned about 0.19% of ViaSat worth $7,126,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN raised its stake in ViaSat by 109.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,148,694 shares of the communications equipment provider’s stock worth $76,044,000 after buying an additional 599,752 shares in the last quarter. Hood River Capital Management LLC bought a new position in ViaSat in the second quarter worth approximately $29,147,000. Fiduciary Management Inc. WI bought a new position in ViaSat in the second quarter worth approximately $28,948,000. Odey Asset Management Group Ltd raised its stake in ViaSat by 23.2% in the second 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 bought a new position in ViaSat in the second quarter worth approximately $18,403,000. 99.26% of the stock is owned by hedge funds and other institutional investors.
VSAT has been the subject of a number of recent research reports. Royal Bank Of Canada reduced their price objective on shares of ViaSat from $50.00 to $48.00 and set an “underperform” rating for the company in a research note on Thursday, October 5th. Jefferies Group LLC set a $67.00 price objective on shares of ViaSat and gave the stock a “hold” rating in a research note on Sunday, September 10th. Zacks Investment Research raised ViaSat from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Needham & Company LLC raised ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Friday. Finally, B. Riley reaffirmed a “buy” rating and set a $89.00 price target on shares of ViaSat in a research report on Thursday. Three analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $74.17.
In other ViaSat news, CEO Mark D. Dankberg sold 28,500 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $62.00, for a total value of $1,767,000.00. Following the sale, the chief executive officer now directly owns 28,500 shares of the company’s stock, valued at $1,767,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John P. Stenbit sold 700 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $63.70, for a total transaction of $44,590.00. Following the completion of the sale, the director now directly owns 8,700 shares in the company, valued at $554,190. The disclosure for this sale can be found here. Insiders have sold 120,100 shares of company stock worth $7,574,584 over the last three months. Corporate insiders own 7.70% of the company’s stock.
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Shares of ViaSat, Inc. (NASDAQ VSAT) traded up $3.50 on Monday, hitting $68.40. 947,200 shares of the stock were exchanged, compared to its average volume of 440,554. The stock has a market capitalization of $3,983.43, a price-to-earnings ratio of 1,368.00 and a beta of 0.74. The company has a quick ratio of 1.71, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. ViaSat, Inc. has a 12-month low of $57.75 and a 12-month high of $82.19.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data 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 firm had revenue of $393.10 million for the quarter, compared to analyst estimates of $401.83 million. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. equities research analysts forecast that ViaSat, Inc. will post -0.92 EPS for the current fiscal year.
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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