ViaSat, Inc. (VSAT) Stake Boosted by SG Americas Securities LLC
SG Americas Securities LLC boosted its position in ViaSat, Inc. (NASDAQ:VSAT) by 186.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,312 shares of the communications equipment provider’s stock after buying an additional 14,523 shares during the period. SG Americas Securities LLC’s holdings in ViaSat were worth $1,477,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Neuburgh Advisers LLC raised its stake 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 worth $102,000 after buying an additional 272 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of ViaSat during the first quarter worth $105,000. Glen Harbor Capital Management LLC raised its stake 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 worth $140,000 after buying an additional 374 shares during the last quarter. Independent Portfolio Consultants Inc. bought a new stake in shares of ViaSat during the first quarter worth $163,000. Finally, Elkfork Partners LLC raised its stake 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 worth $179,000 after buying an additional 476 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of ViaSat, Inc. (NASDAQ VSAT) opened at 63.11 on Thursday. ViaSat, Inc. has a 1-year low of $57.75 and a 1-year high of $82.19. The company’s 50-day moving average is $63.79 and its 200 day moving average is $65.31. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 273.20 and a beta of 0.68.
ViaSat (NASDAQ:VSAT) last released its earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.03. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The firm had revenue of $380 million for the quarter, compared to analysts’ expectations of $384.29 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that ViaSat, Inc. will post $0.05 EPS for the current year.
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VSAT has been the topic of a number of research reports. Royal Bank Of Canada set a $48.00 target price on shares of ViaSat and gave the company a “sell” rating in a research note on Saturday, May 6th. B. Riley reaffirmed a “buy” rating and set a $89.00 target price on shares of ViaSat in a research note on Friday, May 19th. Wells Fargo & Company set a $96.00 target price on shares of ViaSat and gave the company a “buy” rating in a research note on Wednesday, May 24th. TheStreet raised shares of ViaSat from a “c” rating to a “b-” rating in a research note on Tuesday, May 23rd. Finally, Zacks Investment Research lowered shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. ViaSat has an average rating of “Hold” and an average target price of $76.45.
In related news, COO Richard A. Baldridge sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $59.92, for a total value of $2,097,200.00. Following the completion of the transaction, the chief operating officer now directly owns 59,000 shares of the company’s stock, valued at $3,535,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ken Allen Peterman sold 4,250 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $62.21, for a total value of $264,392.50. Following the completion of the transaction, the insider now directly owns 15,415 shares of the company’s stock, valued at $958,967.15. The disclosure for this sale can be found here. Insiders have sold 65,650 shares of company stock worth $4,133,479 over the last 90 days. 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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