Mountain Lake Investment Management LLC Has $22.02 Million Holdings in ViaSat, Inc. (VSAT)

Mountain Lake Investment Management LLC raised its position in ViaSat, Inc. (NASDAQ:VSAT) by 3.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 335,000 shares of the communications equipment provider’s stock after buying an additional 10,000 shares during the period. ViaSat comprises 11.4% of Mountain Lake Investment Management LLC’s investment portfolio, making the stock its biggest position. Mountain Lake Investment Management LLC owned approximately 0.57% of ViaSat worth $22,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VSAT. Swift Run Capital Management LLC acquired a new stake in shares of ViaSat in the fourth quarter valued at about $204,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of ViaSat by 54.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock valued at $210,000 after purchasing an additional 987 shares during the period. LPL Financial LLC acquired a new stake in shares of ViaSat in the first quarter valued at about $235,000. Zeke Capital Advisors LLC acquired a new stake in shares of ViaSat in the fourth quarter valued at about $241,000. Finally, Suntrust Banks Inc. acquired a new stake in shares of ViaSat in the fourth quarter valued at about $271,000.

ViaSat opened at $64.19 on Thursday, according to Marketbeat Ratings. The stock has a market cap of $3.68 billion, a P/E ratio of -74.64 and a beta of 0.75. ViaSat, Inc. has a twelve month low of $57.75 and a twelve month high of $80.26. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53.

ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Thursday, May 24th. The communications equipment provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.40. The firm had revenue of $439.70 million for the quarter, compared to analyst estimates of $424.47 million. ViaSat had a negative net margin of 4.22% and a negative return on equity of 2.56%. ViaSat’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. equities analysts predict that ViaSat, Inc. will post -0.98 EPS for the current year.

In other ViaSat news, Director Jeffrey M. Nash sold 2,000 shares of ViaSat stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $62.68, for a total transaction of $125,360.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $65.50, for a total transaction of $45,850.00. Following the transaction, the director now directly owns 10,300 shares in the company, valued at $674,650. The disclosure for this sale can be found here. Insiders have sold 11,317 shares of company stock worth $719,148 over the last ninety days. 7.70% of the stock is owned by insiders.

Several analysts have recently issued reports on the stock. BidaskClub upgraded shares of ViaSat from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Wells Fargo & Co dropped their target price on shares of ViaSat to $84.00 and set an “outperform” rating on the stock in a research report on Friday, May 25th. Needham & Company LLC restated a “buy” rating and set a $74.00 price target (down from $78.00) on shares of ViaSat in a research report on Monday, April 9th. Royal Bank of Canada set a $52.00 price target on shares of ViaSat and gave the stock a “sell” rating in a research report on Tuesday, March 27th. Finally, William Blair restated a “buy” rating on shares of ViaSat in a research report on Saturday, June 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $73.56.

ViaSat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers fixed broadband services, including broadband Internet access and voice over Internet protocol services under the Exede and WildBlue brands to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems; and enterprise broadband services.

Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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