Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of ViaSat, Inc. (NASDAQ:VSAT) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 10,016 shares of the communications equipment provider’s stock after buying an additional 177 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ViaSat were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in VSAT. Enlightenment Research LLC bought a new stake in ViaSat during the fourth quarter valued at about $29,000. IFP Advisors Inc boosted its holdings in ViaSat by 245.3% during the fourth quarter. IFP Advisors Inc now owns 1,478 shares of the communications equipment provider’s stock valued at $86,000 after acquiring an additional 1,050 shares during the period. AlphaCrest Capital Management LLC bought a new stake in ViaSat during the fourth quarter valued at about $200,000. World Asset Management Inc bought a new stake in ViaSat during the first quarter valued at about $202,000. Finally, Virtu Financial LLC bought a new stake in ViaSat during the fourth quarter valued at about $203,000.
In other news, insider Ken Allen Peterman sold 47,625 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $78.09, for a total transaction of $3,719,036.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director B Allen Lay sold 1,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $78.04, for a total transaction of $78,040.00. The disclosure for this sale can be found here. Insiders have sold 50,625 shares of company stock valued at $3,964,006 in the last ninety days. 8.10% of the stock is owned by company insiders.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, May 23rd. The communications equipment provider reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.29. The business had revenue of $557.20 million during the quarter, compared to analyst estimates of $538.73 million. ViaSat had a negative net margin of 4.62% and a negative return on equity of 4.60%. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.34) earnings per share. Equities analysts predict that ViaSat, Inc. will post -1.43 EPS for the current year.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of ViaSat from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Monday, May 13th. B. Riley upped their price target on shares of ViaSat from $89.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 26th. ValuEngine raised shares of ViaSat from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 10th. BidaskClub raised shares of ViaSat from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 10th. Finally, Raymond James upped their price objective on shares of ViaSat from $73.00 to $81.00 and gave the company a “positive” rating in a research report on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $82.88.
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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