Public Employees Retirement Association of Colorado maintained its position in shares of ViaSat, Inc. (NASDAQ:VSAT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,581 shares of the communications equipment provider’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in ViaSat were worth $568,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of ViaSat by 1.5% in the first quarter. LS Investment Advisors LLC now owns 3,585 shares of the communications equipment provider’s stock valued at $229,000 after buying an additional 52 shares in the last quarter. CrestPoint Capital Management LLC raised its position in shares of ViaSat by 0.8% in the second quarter. CrestPoint Capital Management LLC now owns 12,500 shares of the communications equipment provider’s stock valued at $827,000 after buying an additional 100 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of ViaSat by 1.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,739 shares of the communications equipment provider’s stock valued at $494,000 after buying an additional 113 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of ViaSat by 5.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,305 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 170 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of ViaSat by 5.6% in the second quarter. Capstone Asset Management Co. now owns 3,976 shares of the communications equipment provider’s stock valued at $263,000 after buying an additional 210 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.
Shares of ViaSat, Inc. (NASDAQ:VSAT) opened at 59.40 on Tuesday. The company has a market capitalization of $3.45 billion, a P/E ratio of 257.14 and a beta of 0.68. The company has a 50-day moving average price of $64.22 and a 200 day moving average price of $65.43. ViaSat, Inc. has a 12-month low of $57.75 and a 12-month high of $82.19.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $380 million during the quarter, compared to analyst estimates of $384.29 million. ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. On average, equities analysts anticipate that ViaSat, Inc. will post ($0.03) earnings per share for the current fiscal year.
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Several brokerages have commented on VSAT. B. Riley reissued a “buy” rating and set a $89.00 price objective on shares of ViaSat in a research report on Friday, May 19th. Royal Bank Of Canada set a $48.00 price target on ViaSat and gave the stock a “sell” rating in a research report on Saturday, May 6th. Cowen and Company raised ViaSat from a “market perform” rating to an “outperform” rating in a research report on Saturday, June 3rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $74.00 price target on shares of ViaSat in a research report on Wednesday, May 31st. Finally, TheStreet lowered ViaSat from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. ViaSat currently has a consensus rating of “Hold” and an average price target of $76.45.
In related news, insider Bruce Leroy Dirks bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $59.78 per share, with a total value of $59,780.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ken Allen Peterman sold 4,250 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $62.21, for a total value of $264,392.50. Following the sale, the insider now directly owns 15,415 shares in the company, valued at $958,967.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,650 shares of company stock worth $4,133,479. 7.70% of the stock is owned by corporate insiders.
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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