ThornTree Capital Partners LP lifted its position in ViaSat, Inc. (NASDAQ:VSAT) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 259,700 shares of the communications equipment provider’s stock after acquiring an additional 28,500 shares during the period. ViaSat accounts for about 7.3% of ThornTree Capital Partners LP’s investment portfolio, making the stock its 4th largest holding. ThornTree Capital Partners LP owned about 0.45% of ViaSat worth $16,704,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in VSAT. BlackRock Inc. raised its holdings in ViaSat by 1.6% in the 2nd quarter. BlackRock Inc. now owns 5,478,099 shares of the communications equipment provider’s stock worth $362,651,000 after purchasing an additional 84,457 shares during the period. Vanguard Group Inc. raised its holdings in ViaSat by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,459,294 shares of the communications equipment provider’s stock worth $295,205,000 after purchasing an additional 30,325 shares during the period. New South Capital Management Inc. raised its holdings in ViaSat by 12.2% in the 2nd quarter. New South Capital Management Inc. now owns 2,309,525 shares of the communications equipment provider’s stock worth $152,891,000 after purchasing an additional 251,890 shares during the period. Odey Asset Management Group Ltd raised its holdings in ViaSat by 23.2% in the 2nd quarter. Odey Asset Management Group Ltd now owns 2,148,954 shares of the communications equipment provider’s stock worth $142,261,000 after purchasing an additional 404,251 shares during the period. Finally, State Street Corp raised its holdings in ViaSat by 5.3% in the 2nd quarter. State Street Corp now owns 1,762,352 shares of the communications equipment provider’s stock worth $116,669,000 after purchasing an additional 88,421 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Keven K. Lippert sold 1,200 shares of ViaSat stock in a transaction on Monday, November 13th. The shares were sold at an average price of $69.20, for a total transaction of $83,040.00. Following the sale, the insider now directly owns 2,949 shares in the company, valued at approximately $204,070.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction on Friday, December 1st. The stock was sold at an average price of $74.10, for a total transaction of $51,870.00. Following the sale, the director now owns 10,300 shares in the company, valued at $763,230. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,800 shares of company stock valued at $7,197,623. Insiders own 7.70% of the company’s stock.
ViaSat, Inc. (NASDAQ:VSAT) traded up $0.74 during trading hours on Thursday, reaching $72.26. 315,100 shares of the company’s stock traded hands, compared to its average volume of 440,912. 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, Inc. has a one year low of $57.75 and a one year high of $74.99. The stock has a market capitalization of $4,165.13, a price-to-earnings ratio of 1,430.40 and a beta of 0.78.
ViaSat (NASDAQ:VSAT) last posted its earnings results 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. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. The business had revenue of $393.10 million for the quarter, compared to analyst estimates of $401.83 million. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. research analysts predict that ViaSat, Inc. will post -0.98 EPS for the current year.
Several brokerages have recently issued reports on VSAT. BidaskClub cut ViaSat from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. B. Riley reiterated a “buy” rating and issued a $89.00 price target on shares of ViaSat in a research report on Thursday, November 9th. Zacks Investment Research upgraded ViaSat from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Jefferies Group set a $67.00 target price on ViaSat and gave the company a “hold” rating in a research report on Sunday, September 10th. Finally, Royal Bank of Canada dropped their target price on ViaSat from $50.00 to $48.00 and set an “underperform” rating for the company in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $73.36.
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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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