Municipal Employees Retirement System of Michigan trimmed its holdings in shares of ViaSat, Inc. (NASDAQ:VSAT) by 20.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,320 shares of the communications equipment provider’s stock after selling 4,130 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in ViaSat were worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Retirement Systems of Alabama grew its holdings in ViaSat by 1.9% during the 3rd quarter. Retirement Systems of Alabama now owns 69,613 shares of the communications equipment provider’s stock worth $4,478,000 after acquiring an additional 1,312 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its holdings in ViaSat by 3.9% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 110,785 shares of the communications equipment provider’s stock worth $7,126,000 after acquiring an additional 4,165 shares during the last quarter. Sei Investments Co. grew its holdings in ViaSat by 16.9% during the 3rd quarter. Sei Investments Co. now owns 331,189 shares of the communications equipment provider’s stock worth $21,302,000 after acquiring an additional 47,950 shares during the last quarter. Principal Financial Group Inc. grew its holdings in ViaSat by 2.2% during the 3rd quarter. Principal Financial Group Inc. now owns 228,030 shares of the communications equipment provider’s stock worth $14,666,000 after acquiring an additional 4,808 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in ViaSat by 6.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 20,032 shares of the communications equipment provider’s stock worth $1,288,000 after acquiring an additional 1,189 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have weighed in on VSAT. B. Riley reissued a “buy” rating and set a $89.00 target price on shares of ViaSat in a report on Sunday, August 13th. Royal Bank Of Canada reissued an “underperform” rating and set a $46.00 target price (down from $48.00) on shares of ViaSat in a report on Tuesday. TheStreet lowered shares of ViaSat from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Needham & Company LLC raised shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $73.36.

ViaSat, Inc. (NASDAQ VSAT) opened at $73.60 on Thursday. The stock has a market cap of $4,335.18, a price-to-earnings ratio of 1,488.80 and a beta of 0.74. ViaSat, Inc. has a 12 month low of $57.75 and a 12 month high of $74.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.71 and a current ratio of 2.26.

ViaSat (NASDAQ:VSAT) last issued its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The business had revenue of $393.10 million for the quarter, compared to analyst estimates of $401.83 million. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. ViaSat’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. analysts predict that ViaSat, Inc. will post -0.98 EPS for the current year.

In related news, CEO Mark D. Dankberg sold 28,500 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $60.12, for a total transaction of $1,713,420.00. Following the transaction, the chief executive officer now directly owns 28,500 shares of the company’s stock, valued at $1,713,420. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John P. Stenbit sold 700 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $63.70, for a total transaction of $44,590.00. Following the transaction, the director now directly owns 8,700 shares in the company, valued at $554,190. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,300 shares of company stock worth $8,169,794. 7.70% of the stock is owned by 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.

Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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