ViaSat, Inc. (VSAT) Shares Bought by Ashford Capital Management Inc.
Ashford Capital Management Inc. boosted its stake in ViaSat, Inc. (NASDAQ:VSAT) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 268,963 shares of the communications equipment provider’s stock after purchasing an additional 21,642 shares during the quarter. ViaSat comprises about 3.1% of Ashford Capital Management Inc.’s holdings, making the stock its 8th biggest position. Ashford Capital Management Inc. owned 0.46% of ViaSat worth $17,805,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in ViaSat by 10.9% in the first quarter. Geode Capital Management LLC now owns 437,084 shares of the communications equipment provider’s stock worth $27,894,000 after purchasing an additional 42,961 shares during the period. Legal & General Group Plc grew its holdings in ViaSat by 26.6% in the first quarter. Legal & General Group Plc now owns 35,347 shares of the communications equipment provider’s stock worth $2,254,000 after purchasing an additional 7,428 shares during the period. UBS Asset Management Americas Inc. grew its holdings in ViaSat by 25.8% in the first quarter. UBS Asset Management Americas Inc. now owns 28,696 shares of the communications equipment provider’s stock worth $1,831,000 after purchasing an additional 5,878 shares during the period. BNP Paribas Arbitrage SA grew its holdings in ViaSat by 123.0% in the second quarter. BNP Paribas Arbitrage SA now owns 26,641 shares of the communications equipment provider’s stock worth $1,764,000 after purchasing an additional 14,694 shares during the period. Finally, Fiduciary Management Inc. WI acquired a new stake in ViaSat in the second quarter worth $28,948,000. Institutional investors and hedge funds own 99.42% of the company’s stock.
A number of equities research analysts have commented on the stock. B. Riley restated a “buy” rating and issued a $89.00 price target on shares of ViaSat in a report on Sunday, August 13th. TheStreet cut shares of ViaSat from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Royal Bank Of Canada reduced their price objective on shares of ViaSat from $50.00 to $48.00 and set an “underperform” rating for the company in a report on Thursday, October 5th. Zacks Investment Research cut shares of ViaSat from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $80.00 price objective (down from $82.00) on shares of ViaSat in a report on Monday, July 10th. Four analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. ViaSat has an average rating of “Hold” and an average target price of $73.70.
ViaSat, Inc. (NASDAQ:VSAT) traded down 0.20% on Friday, reaching $64.97. 411,344 shares of the company traded hands. The stock’s 50 day moving average price is $63.14 and its 200 day moving average price is $64.54. The company has a market capitalization of $3.77 billion, a PE ratio of 281.26 and a beta of 0.71. ViaSat, Inc. has a one year low of $57.75 and a one year high of $82.19.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The firm had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $384.29 million. During the same period last year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that ViaSat, Inc. will post $0.05 EPS for the current fiscal year.
In other news, insider Bruce Leroy Dirks acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $59.78 per share, with a total value of $59,780.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John P. Stenbit sold 700 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $66.20, for a total transaction of $46,340.00. Following the sale, the director now directly owns 8,700 shares in the company, valued at $575,940. The disclosure for this sale can be found here. Insiders have sold a total of 177,350 shares of company stock worth $11,128,257 over the last three months. 7.70% of the stock is currently owned by insiders.
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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