Baird Financial Group Inc. boosted its stake in shares of ViaSat, Inc. (NASDAQ:VSAT) by 6.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 207,755 shares of the communications equipment provider’s stock after purchasing an additional 12,651 shares during the period. Baird Financial Group Inc.’s holdings in ViaSat were worth $15,550,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in VSAT. Fiduciary Management Inc. WI grew its position in ViaSat by 78.2% during the third quarter. Fiduciary Management Inc. WI now owns 779,160 shares of the communications equipment provider’s stock valued at $50,116,000 after purchasing an additional 341,875 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in ViaSat during the fourth quarter valued at approximately $19,848,000. Hood River Capital Management LLC lifted its stake in ViaSat by 82.6% in the fourth quarter. Hood River Capital Management LLC now owns 438,630 shares of the communications equipment provider’s stock valued at $32,831,000 after acquiring an additional 198,354 shares during the last quarter. BlackRock Inc. lifted its stake in ViaSat by 1.9% in the fourth quarter. BlackRock Inc. now owns 5,732,578 shares of the communications equipment provider’s stock valued at $429,084,000 after acquiring an additional 107,174 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in ViaSat by 63.6% in the third quarter. Wells Fargo & Company MN now owns 141,653 shares of the communications equipment provider’s stock valued at $9,112,000 after acquiring an additional 55,062 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ViaSat, Inc. (NASDAQ VSAT) opened at $70.93 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.68 and a quick ratio of 1.21. ViaSat, Inc. has a one year low of $57.75 and a one year high of $80.26. The stock has a market cap of $4,245.65, a P/E ratio of -99.90 and a beta of 0.80.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. ViaSat had a negative net margin of 2.59% and a negative return on equity of 1.13%. The business had revenue of $381.80 million during the quarter, compared to analysts’ expectations of $392.99 million. During the same period in the previous year, the company earned $0.29 earnings per share. ViaSat’s revenue for the quarter was up .3% on a year-over-year basis. equities research analysts predict that ViaSat, Inc. will post -1.16 EPS for the current fiscal year.
In other news, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $74.10, for a total value of $51,870.00. Following the completion of the sale, the director now directly owns 10,300 shares in the company, valued at $763,230. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harvey White sold 5,900 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $73.77, for a total transaction of $435,243.00. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at $368,850. The disclosure for this sale can be found here. Insiders sold 11,500 shares of company stock valued at $845,727 over the last 90 days. 7.70% of the stock is owned by corporate insiders.
A number of analysts have issued reports on VSAT shares. Zacks Investment Research upgraded shares of ViaSat from a “hold” rating to a “strong-buy” rating and set a $75.00 target price for the company in a research note on Monday, November 13th. Morgan Stanley started coverage on shares of ViaSat in a research note on Friday, December 15th. They issued an “equal weight” rating and a $78.00 target price for the company. 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 note on Friday, November 10th. BidaskClub cut shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $46.00 target price (down from $48.00) on shares of ViaSat in a research note 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. ViaSat has an average rating of “Hold” and a consensus price target of $74.20.
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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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