Dimensional Fund Advisors LP trimmed its position in shares of ViaSat, Inc. (NASDAQ:VSAT) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 703,640 shares of the communications equipment provider’s stock after selling 55,788 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.19% of ViaSat worth $46,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Zeke Capital Advisors LLC acquired a new stake in shares of ViaSat during the 4th quarter valued at about $241,000. Suntrust Banks Inc. acquired a new stake in shares of ViaSat during the 4th quarter valued at about $271,000. Weil Company Inc. acquired a new stake in shares of ViaSat during the 4th quarter valued at about $408,000. Silvant Capital Management LLC acquired a new stake in shares of ViaSat during the 1st quarter valued at about $388,000. Finally, ING Groep NV acquired a new stake in shares of ViaSat during the 1st quarter valued at about $409,000.
Shares of ViaSat opened at $65.51 on Friday, Marketbeat.com reports. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. ViaSat, Inc. has a twelve month low of $57.75 and a twelve month high of $80.26. The company has a market capitalization of $3.73 billion, a P/E ratio of -76.17 and a beta of 0.75.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, May 24th. The communications equipment provider reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.40. ViaSat had a negative return on equity of 2.56% and a negative net margin of 4.22%. The business had revenue of $439.70 million for the quarter, compared to the consensus estimate of $424.47 million. During the same period last year, the business earned $0.32 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year.
VSAT has been the subject of several research reports. William Blair reiterated a “buy” rating on shares of ViaSat in a report on Saturday, June 2nd. Needham & Company LLC reiterated a “buy” rating and set a $74.00 price target (down from $78.00) on shares of ViaSat in a report on Monday, April 9th. TheStreet downgraded ViaSat from a “c” rating to a “d+” rating in a research note on Tuesday, April 10th. BidaskClub raised ViaSat from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, Zacks Investment Research raised ViaSat from a “strong sell” rating to a “hold” rating in a research note on Friday, April 13th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $73.56.
In other ViaSat news, insider Toro Melinda Michele Del sold 6,277 shares of ViaSat stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $64.03, for a total value of $401,916.31. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey M. Nash sold 2,000 shares of ViaSat stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $63.65, for a total value of $127,300.00. The disclosure for this sale can be found here. Insiders sold a total of 26,594 shares of company stock worth $1,690,304 over the last three months. 7.70% of the stock is owned by company insiders.
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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