Capstone Asset Management Co. decreased its stake in shares of ViaSat Inc. (NASDAQ:VSAT) by 11.6% during the third quarter, Holdings Channel reports. The institutional investor owned 2,806 shares of the company’s stock after selling 370 shares during the period. Capstone Asset Management Co.’s holdings in ViaSat were worth $209,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of ViaSat by 71.0% in the second quarter. LS Investment Advisors LLC now owns 2,723 shares of the company’s stock valued at $194,000 after buying an additional 1,131 shares in the last quarter. CHICAGO TRUST Co NA purchased a new stake in shares of ViaSat during the second quarter valued at $202,000. Royal Bank of Canada raised its stake in shares of ViaSat by 1,412.3% in the first quarter. Royal Bank of Canada now owns 2,828 shares of the company’s stock valued at $208,000 after buying an additional 2,641 shares during the period. B. Riley Financial Inc. purchased a new stake in shares of ViaSat during the second quarter valued at $203,000. Finally, BlackRock Inc. raised its stake in shares of ViaSat by 120.1% in the first quarter. BlackRock Inc. now owns 2,923 shares of the company’s stock valued at $214,000 after buying an additional 1,595 shares during the period. 94.53% of the stock is owned by hedge funds and other institutional investors.
Shares of ViaSat Inc. (NASDAQ:VSAT) traded down 0.32% during mid-day trading on Wednesday, hitting $72.63. The stock had a trading volume of 189,134 shares. The company has a market cap of $3.58 billion, a PE ratio of 169.70 and a beta of 0.97. The stock’s 50-day moving average is $74.20 and its 200 day moving average is $73.41. ViaSat Inc. has a 12 month low of $56.02 and a 12 month high of $79.15.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.26 by $0.03. The firm had revenue of $363.10 million for the quarter, compared to analysts’ expectations of $371.89 million. ViaSat had a return on equity of 2.59% and a net margin of 1.46%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities research analysts forecast that ViaSat Inc. will post $1.21 earnings per share for the current fiscal year.
Several brokerages recently weighed in on VSAT. B. Riley reissued a “buy” rating and issued a $89.00 price objective on shares of ViaSat in a report on Tuesday, August 9th. Zacks Investment Research raised ViaSat from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Needham & Company LLC reissued a “hold” rating on shares of ViaSat in a report on Wednesday, October 5th. Finally, Jefferies Group assumed coverage on ViaSat in a report on Monday, August 1st. They issued a “hold” rating and a $85.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $73.80.
In other news, CEO Mark D. Dankberg sold 26,250 shares of ViaSat stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $74.69, for a total value of $1,960,612.50. Following the transaction, the chief executive officer now directly owns 26,250 shares in the company, valued at approximately $1,960,612.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction on Monday, August 1st. The shares were sold at an average price of $73.64, for a total value of $51,548.00. Following the completion of the transaction, the director now owns 7,100 shares in the company, valued at $522,844. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.
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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