Coastal Investment Advisors Inc. raised its holdings in shares of ViaSat, Inc. (NASDAQ:VSAT) by 32.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,050 shares of the communications equipment provider’s stock after acquiring an additional 750 shares during the quarter. Coastal Investment Advisors Inc.’s holdings in ViaSat were worth $232,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Hussman Strategic Advisors Inc. bought a new position in shares of ViaSat during the 2nd quarter worth approximately $2,020,000. Advisory Services Network LLC grew its stake in shares of ViaSat by 1,626.0% during the 2nd quarter. Advisory Services Network LLC now owns 1,726 shares of the communications equipment provider’s stock worth $139,000 after acquiring an additional 1,626 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of ViaSat by 2.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,009 shares of the communications equipment provider’s stock worth $1,860,000 after acquiring an additional 601 shares in the last quarter. Delta Investment Management LLC bought a new position in shares of ViaSat during the 2nd quarter worth approximately $2,313,000. Finally, JPMorgan Chase & Co. grew its stake in shares of ViaSat by 125.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 97,534 shares of the communications equipment provider’s stock worth $7,937,000 after acquiring an additional 54,179 shares in the last quarter. 90.17% of the stock is owned by institutional investors.
In other ViaSat news, Director B Allen Lay sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $81.34, for a total transaction of $81,340.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John P. Stenbit sold 1,250 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.90, for a total value of $97,375.00. Following the sale, the director now directly owns 2,850 shares of the company’s stock, valued at approximately $222,015. The disclosure for this sale can be found here. Insiders sold 25,750 shares of company stock valued at $2,017,388 over the last three months. 7.60% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on VSAT shares. Raymond James raised shares of ViaSat from a “market perform” rating to an “outperform” rating and set a $88.00 price target for the company in a research note on Friday, August 9th. ValuEngine cut shares of ViaSat from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut shares of ViaSat from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a research note on Monday, July 29th. Finally, BidaskClub cut shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. ViaSat currently has a consensus rating of “Hold” and a consensus price target of $94.71.
NASDAQ:VSAT opened at $71.51 on Monday. ViaSat, Inc. has a 1-year low of $55.93 and a 1-year high of $97.31. The company has a current ratio of 1.64, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. The firm has a fifty day simple moving average of $75.64 and a 200 day simple moving average of $82.46. The stock has a market capitalization of $4.44 billion, a PE ratio of -63.28 and a beta of 0.87.
ViaSat (NASDAQ:VSAT) last released its earnings results on Thursday, August 8th. The communications equipment provider reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.10. ViaSat had a negative net margin of 2.08% and a negative return on equity of 2.26%. The business had revenue of $537.00 million during the quarter, compared to analysts’ expectations of $506.02 million. During the same period last year, the business earned ($0.30) earnings per share. The firm’s revenue was up 22.4% on a year-over-year basis. On average, equities analysts predict that ViaSat, Inc. will post -0.14 earnings per share for the current fiscal year.
ViaSat Company Profile
Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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