Teachers Retirement System of The State of Kentucky trimmed its holdings in ViaSat, Inc. (NASDAQ:VSAT) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,987 shares of the communications equipment provider’s stock after selling 1,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ViaSat were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of VSAT. Royal Bank of Canada lifted its stake in shares of ViaSat by 109.7% in the 1st quarter. Royal Bank of Canada now owns 3,858 shares of the communications equipment provider’s stock valued at $252,000 after purchasing an additional 2,018 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of ViaSat in the 2nd quarter valued at $972,000. Sei Investments Co. lifted its stake in shares of ViaSat by 78.6% in the 2nd quarter. Sei Investments Co. now owns 20,120 shares of the communications equipment provider’s stock valued at $1,322,000 after purchasing an additional 8,854 shares during the period. Rhumbline Advisers lifted its stake in shares of ViaSat by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 104,858 shares of the communications equipment provider’s stock valued at $6,891,000 after purchasing an additional 1,089 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of ViaSat by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 38,036 shares of the communications equipment provider’s stock valued at $2,500,000 after purchasing an additional 951 shares during the period.
In other news, insider David Louis Ryan sold 2,672 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $70.23, for a total transaction of $187,654.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Keven K. Lippert sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $69.40, for a total transaction of $277,600.00. Following the sale, the executive vice president now directly owns 333 shares of the company’s stock, valued at approximately $23,110.20. The disclosure for this sale can be found here. Insiders have sold 163,372 shares of company stock valued at $11,038,116 over the last 90 days. 8.10% of the stock is currently owned by company insiders.
Several research firms recently issued reports on VSAT. Barclays set a $50.00 target price on shares of ViaSat and gave the company a “sell” rating in a research note on Monday, August 13th. BidaskClub upgraded shares of ViaSat from a “hold” rating to a “buy” rating in a research report on Thursday, September 20th. Raymond James upped their price objective on shares of ViaSat from $67.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, November 15th. Morgan Stanley upped their price objective on shares of ViaSat from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Friday, November 30th. Finally, ValuEngine upgraded shares of ViaSat from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.86.
NASDAQ:VSAT opened at $65.48 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.70 and a debt-to-equity ratio of 0.61. ViaSat, Inc. has a fifty-two week low of $59.16 and a fifty-two week high of $80.26.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported ($0.40) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.16. The company had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $468.99 million. ViaSat had a negative net margin of 5.87% and a negative return on equity of 4.95%. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Research analysts expect that ViaSat, Inc. will post -1.68 EPS for the current year.
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Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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