ViaSat, Inc. (VSAT) Shares Bought by Sylebra HK Co Ltd
Sylebra HK Co Ltd lifted its stake in ViaSat, Inc. (NASDAQ:VSAT) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 504,558 shares of the communications equipment provider’s stock after buying an additional 14,287 shares during the period. ViaSat comprises 2.7% of Sylebra HK Co Ltd’s portfolio, making the stock its 10th biggest holding. Sylebra HK Co Ltd owned approximately 0.86% of ViaSat worth $33,160,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new stake in shares of ViaSat in the first quarter valued at about $200,000. Swift Run Capital Management LLC bought a new stake in shares of ViaSat in the fourth quarter valued at about $204,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ViaSat by 54.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 987 shares during the period. Sciencast Management LP bought a new stake in shares of ViaSat in the first quarter valued at about $219,000. Finally, LPL Financial LLC bought a new stake in shares of ViaSat in the first quarter valued at about $235,000.
Several equities research analysts recently weighed in on VSAT shares. William Blair reiterated a “buy” rating on shares of ViaSat in a research note on Saturday, June 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $74.00 target price (down previously from $78.00) on shares of ViaSat in a research note on Monday, April 9th. TheStreet cut shares of ViaSat from a “c” rating to a “d+” rating in a research note on Tuesday, April 10th. BidaskClub upgraded shares of ViaSat from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, Zacks Investment Research upgraded shares of ViaSat from a “strong sell” rating to a “hold” rating in a research note on Friday, April 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $73.56.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Thursday, May 24th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.40. ViaSat had a negative net margin of 4.22% and a negative return on equity of 2.56%. The firm had revenue of $439.70 million during the quarter, compared to analyst estimates of $424.47 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. research analysts expect that ViaSat, Inc. will post -0.98 EPS for the current year.
In related news, Director John P. Stenbit sold 700 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $65.50, for a total value of $45,850.00. Following the completion of the transaction, the director now owns 10,300 shares of the company’s stock, valued at $674,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert James Blair sold 5,217 shares of the stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $63.62, for a total transaction of $331,905.54. Following the completion of the transaction, the vice president now directly owns 11,640 shares of the company’s stock, valued at approximately $740,536.80. The disclosure for this sale can be found here. Insiders sold 11,317 shares of company stock valued at $719,148 in the last three months. Company insiders own 7.70% of the company’s stock.
Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers fixed broadband services, including broadband Internet access and voice over Internet protocol services under the Exede and WildBlue brands to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems; and enterprise broadband services.
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