Pearl River Capital LLC Acquires Shares of 1,094 ViaSat, Inc. (NASDAQ:VSAT)

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Pearl River Capital LLC acquired a new stake in shares of ViaSat, Inc. (NASDAQ:VSAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,094 shares of the communications equipment provider’s stock, valued at approximately $88,000.

A number of other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of ViaSat by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 649,189 shares of the communications equipment provider’s stock valued at $38,269,000 after buying an additional 66,470 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of ViaSat by 42.8% during the 2nd quarter. Prudential Financial Inc. now owns 191,697 shares of the communications equipment provider’s stock valued at $15,492,000 after buying an additional 57,413 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of ViaSat by 0.9% during the 1st quarter. BlackRock Inc. now owns 6,670,017 shares of the communications equipment provider’s stock valued at $516,927,000 after buying an additional 57,296 shares in the last quarter. FMR LLC boosted its holdings in shares of ViaSat by 88.0% during the 1st quarter. FMR LLC now owns 119,229 shares of the communications equipment provider’s stock valued at $9,240,000 after buying an additional 55,804 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 valued at $7,937,000 after buying an additional 54,179 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

In other ViaSat news, insider Mark J. Miller sold 2,236 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $88.48, for a total value of $197,841.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John P. Stenbit sold 1,250 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $79.08, for a total value of $98,850.00. Following the completion of the transaction, the director now directly owns 2,850 shares of the company’s stock, valued at approximately $225,378. The disclosure for this sale can be found here. In the last three months, insiders sold 277,028 shares of company stock valued at $24,918,904. 7.60% of the stock is owned by insiders.

ViaSat stock traded down $0.60 during mid-day trading on Wednesday, reaching $77.13. The stock had a trading volume of 7,837 shares, compared to its average volume of 435,034. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of -68.19 and a beta of 0.89. The company has a 50-day moving average price of $79.50 and a two-hundred day moving average price of $82.57. ViaSat, Inc. has a one year low of $55.93 and a one year high of $97.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.64 and a quick ratio of 1.10.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported ($0.19) earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $537.00 million for the quarter, compared to analysts’ expectations of $506.02 million. During the same quarter in the previous year, the business posted ($0.30) EPS. ViaSat’s revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts anticipate that ViaSat, Inc. will post -0.15 earnings per share for the current fiscal year.

A number of analysts have recently commented on VSAT shares. Needham & Company LLC boosted their target price on shares of ViaSat from $78.00 to $100.00 and gave the company a “buy” rating in a report on Friday, May 24th. Raymond James upgraded shares of ViaSat from a “market perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a report on Friday, August 9th. Zacks Investment Research cut shares of ViaSat from a “buy” rating to a “hold” rating and set a $88.00 target price on the stock. in a report on Monday, July 29th. ValuEngine cut shares of ViaSat from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, BidaskClub cut shares of ViaSat from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $94.71.

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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Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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