ViaSat, Inc. (VSAT) Stake Raised by BlackRock Inc.
BlackRock Inc. grew its position in ViaSat, Inc. (NASDAQ:VSAT) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 5,732,578 shares of the communications equipment provider’s stock after purchasing an additional 107,174 shares during the quarter. BlackRock Inc. owned approximately 0.10% of ViaSat worth $429,084,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of ViaSat by 27.6% in the 4th quarter. Arizona State Retirement System now owns 38,985 shares of the communications equipment provider’s stock valued at $2,918,000 after purchasing an additional 8,433 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of ViaSat by 8.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 128,267 shares of the communications equipment provider’s stock valued at $9,600,000 after purchasing an additional 10,479 shares in the last quarter. Advisory Research Inc. acquired a new stake in shares of ViaSat in the 4th quarter valued at $418,000. First Trust Advisors LP boosted its stake in shares of ViaSat by 33.4% in the 4th quarter. First Trust Advisors LP now owns 8,135 shares of the communications equipment provider’s stock valued at $609,000 after purchasing an additional 2,036 shares in the last quarter. Finally, New Mexico Educational Retirement Board acquired a new stake in shares of ViaSat in the 4th quarter valued at $1,003,000. Institutional investors own 99.42% of the company’s stock.
Several equities research analysts have recently commented on VSAT shares. B. Riley restated a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research note on Thursday, November 9th. Needham & Company LLC upgraded shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Friday, November 10th. BidaskClub downgraded shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Zacks Investment Research downgraded shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $46.00 price target (down previously from $48.00) on shares of ViaSat in a research report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $74.20.
ViaSat, Inc. (VSAT) opened at $69.42 on Friday. The stock has a market cap of $4,048.39, a PE ratio of -97.77 and a beta of 0.84. The company has a current ratio of 1.68, a quick ratio of 1.21 and a debt-to-equity ratio of 0.38. ViaSat, Inc. has a 52-week low of $57.75 and a 52-week high of $80.26.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The business had revenue of $381.80 million for the quarter, compared to the consensus estimate of $392.99 million. ViaSat had a negative net margin of 2.59% and a negative return on equity of 1.13%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. analysts forecast that ViaSat, Inc. will post -1.16 earnings per share for the current year.
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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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