VNBTrust National Association Has $10.65 Million Holdings in ViaSat, Inc. (VSAT)

VNBTrust National Association raised its stake in ViaSat, Inc. (NASDAQ:VSAT) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 142,295 shares of the communications equipment provider’s stock after acquiring an additional 3,508 shares during the period. ViaSat accounts for 6.2% of VNBTrust National Association’s portfolio, making the stock its 3rd biggest position. VNBTrust National Association’s holdings in ViaSat were worth $10,651,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Ashford Capital Management Inc. grew its stake in shares of ViaSat by 2.6% in the 3rd quarter. Ashford Capital Management Inc. now owns 276,002 shares of the communications equipment provider’s stock valued at $17,752,000 after purchasing an additional 7,039 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of ViaSat by 3.8% in the 3rd quarter. California Public Employees Retirement System now owns 86,984 shares of the communications equipment provider’s stock valued at $5,595,000 after buying an additional 3,184 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of ViaSat by 55.9% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 11,538 shares of the communications equipment provider’s stock valued at $742,000 after buying an additional 4,138 shares during the period. Fiduciary Management Inc. WI lifted its holdings in shares of ViaSat by 78.2% in the 3rd quarter. Fiduciary Management Inc. WI now owns 779,160 shares of the communications equipment provider’s stock valued at $50,116,000 after buying an additional 341,875 shares during the period. Finally, ThornTree Capital Partners LP lifted its holdings in shares of ViaSat by 12.3% in the 3rd quarter. ThornTree Capital Partners LP now owns 259,700 shares of the communications equipment provider’s stock valued at $16,704,000 after buying an additional 28,500 shares during the period. Institutional investors own 99.42% of the company’s stock.

VSAT has been the subject of several recent analyst reports. B. Riley reissued a “buy” rating and issued a $89.00 price target on shares of ViaSat in a report on Thursday, November 9th. Needham & Company LLC raised ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Friday, November 10th. Zacks Investment Research cut ViaSat from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 14th. Royal Bank of Canada reissued an “underperform” rating and issued a $46.00 price target (down from $48.00) on shares of ViaSat in a report on Tuesday, November 21st. Finally, BidaskClub cut ViaSat from a “buy” rating to a “hold” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. ViaSat has a consensus rating of “Hold” and an average target price of $73.75.

In related news, Director Jeffrey M. Nash sold 2,000 shares of ViaSat stock in a transaction on Monday, October 16th. The stock was sold at an average price of $64.94, for a total transaction of $129,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $65.40, for a total value of $45,780.00. Following the transaction, the director now directly owns 10,300 shares of the company’s stock, valued at $673,620. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,400 shares of company stock valued at $1,616,597. 7.70% of the stock is currently owned by insiders.

ViaSat, Inc. (VSAT) opened at $74.30 on Thursday. The stock has a market capitalization of $4,330.00, a price-to-earnings ratio of -371.50 and a beta of 0.78. ViaSat, Inc. has a 1-year low of $57.75 and a 1-year high of $75.88. The company has a current ratio of 2.26, a quick ratio of 1.71 and a debt-to-equity ratio of 0.37.

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

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ViaSat 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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Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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