American International Group Inc. lifted its stake in ViaSat, Inc. (NASDAQ:VSAT) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,514 shares of the communications equipment provider’s stock after purchasing an additional 4,596 shares during the quarter. American International Group Inc. owned 0.25% of ViaSat worth $9,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of ViaSat by 3.4% in the 3rd quarter. BlackRock Inc. now owns 6,401,562 shares of the communications equipment provider’s stock worth $409,381,000 after purchasing an additional 213,070 shares during the last quarter. Odey Asset Management Group Ltd raised its position in shares of ViaSat by 2.6% in the 2nd quarter. Odey Asset Management Group Ltd now owns 2,345,372 shares of the communications equipment provider’s stock worth $154,138,000 after purchasing an additional 59,556 shares during the last quarter. Sylebra HK Co Ltd raised its position in shares of ViaSat by 158.6% in the 2nd quarter. Sylebra HK Co Ltd now owns 1,304,806 shares of the communications equipment provider’s stock worth $85,752,000 after purchasing an additional 800,248 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of ViaSat by 16.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 820,464 shares of the communications equipment provider’s stock worth $53,921,000 after purchasing an additional 116,824 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of ViaSat by 1.3% in the 2nd quarter. Northern Trust Corp now owns 815,627 shares of the communications equipment provider’s stock worth $53,603,000 after purchasing an additional 10,770 shares during the last quarter.
VSAT has been the subject of several recent analyst reports. TheStreet lowered ViaSat from a “c-” rating to a “d+” rating in a research report on Friday, October 5th. ValuEngine lowered ViaSat from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. BidaskClub raised ViaSat from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 3rd. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Finally, Raymond James lifted their price target on ViaSat from $67.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, November 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $66.29.
In other ViaSat news, Director Jeffrey M. Nash sold 1,000 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $61,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark D. Dankberg sold 89,260 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $68.24, for a total value of $6,091,102.40. Following the sale, the chief executive officer now owns 89,260 shares of the company’s stock, valued at $6,091,102.40. The disclosure for this sale can be found here. Insiders sold a total of 163,172 shares of company stock valued at $11,018,602 over the last quarter. 8.10% of the stock is owned by corporate insiders.
NASDAQ VSAT opened at $68.97 on Friday. ViaSat, Inc. has a one year low of $59.16 and a one year high of $80.26. The stock has a market capitalization of $4.11 billion, a P/E ratio of -80.20 and a beta of 0.71. The company has a quick ratio of 1.19, a current ratio of 1.70 and a debt-to-equity ratio of 0.61.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.16. ViaSat had a negative return on equity of 4.95% and a negative net margin of 5.87%. The company had revenue of $517.50 million during the quarter, compared to the consensus estimate of $468.99 million. During the same period last year, the company earned $0.09 EPS. ViaSat’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, sell-side analysts expect that ViaSat, Inc. will post -1.68 EPS for the current year.
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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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