Parametrica Management Ltd reduced its stake in shares of ViaSat, Inc. (NASDAQ:VSAT) by 47.9% during the first quarter, Holdings Channel reports. The firm owned 7,970 shares of the company’s stock after selling 7,335 shares during the period. Parametrica Management Ltd’s holdings in ViaSat were worth $509,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baupost Group LLC MA raised its position in ViaSat by 14.1% in the fourth quarter. Baupost Group LLC MA now owns 13,158,137 shares of the company’s stock valued at $871,332,000 after buying an additional 1,625,000 shares during the period. BlackRock Fund Advisors raised its position in ViaSat by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,439,821 shares of the company’s stock valued at $182,133,000 after buying an additional 144,644 shares during the period. State Street Corp raised its position in ViaSat by 13.5% in the fourth quarter. State Street Corp now owns 1,597,746 shares of the company’s stock valued at $105,805,000 after buying an additional 190,437 shares during the period. Northern Trust Corp raised its position in ViaSat by 0.6% in the third quarter. Northern Trust Corp now owns 691,616 shares of the company’s stock valued at $51,629,000 after buying an additional 3,992 shares during the period. Finally, Norges Bank bought a new position in ViaSat during the fourth quarter valued at approximately $44,042,000. 82.39% of the stock is currently owned by institutional investors.
Shares of ViaSat, Inc. (NASDAQ:VSAT) traded down 0.99% during mid-day trading on Thursday, hitting $61.91. The stock had a trading volume of 237,834 shares. The firm’s 50 day moving average price is $65.23 and its 200-day moving average price is $68.56. The company has a market cap of $3.57 billion, a PE ratio of 147.05 and a beta of 0.67. ViaSat, Inc. has a one year low of $61.88 and a one year high of $82.19.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. The firm earned $380.60 million during the quarter, compared to analysts’ expectations of $389.81 million. ViaSat had a net margin of 1.42% and a return on equity of 2.12%. ViaSat’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. On average, equities research analysts anticipate that ViaSat, Inc. will post $1.13 earnings per share for the current fiscal year.
Several research analysts have commented on VSAT shares. Zacks Investment Research raised ViaSat from a “sell” rating to a “hold” rating in a research report on Tuesday, February 14th. JPMorgan Chase & Co. started coverage on ViaSat in a research report on Tuesday, April 4th. They issued a “neutral” rating and a $74.00 price objective on the stock. William Blair started coverage on ViaSat in a research report on Tuesday, January 31st. They issued an “outperform” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of ViaSat in a research report on Friday, February 10th. Finally, B. Riley reissued a “buy” rating and issued a $89.00 price objective on shares of ViaSat in a research report on Saturday, February 11th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $74.82.
In other ViaSat news, VP Toro Melinda Michele Del sold 2,938 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $65.11, for a total transaction of $191,293.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.70% of the company’s stock.
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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