Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Viasat, Inc. (NASDAQ:VSAT – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,768 shares of the communications equipment provider’s stock, valued at approximately $61,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VSAT. Vanguard Group Inc. boosted its position in shares of Viasat by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 12,532,375 shares of the communications equipment provider’s stock valued at $226,711,000 after purchasing an additional 348,166 shares during the period. Bank of New York Mellon Corp lifted its position in Viasat by 25.7% in the second quarter. Bank of New York Mellon Corp now owns 796,368 shares of the communications equipment provider’s stock valued at $10,114,000 after purchasing an additional 162,804 shares during the period. Cove Street Capital LLC boosted its holdings in Viasat by 17.7% in the 1st quarter. Cove Street Capital LLC now owns 766,753 shares of the communications equipment provider’s stock valued at $13,871,000 after purchasing an additional 115,224 shares in the last quarter. Norges Bank acquired a new position in Viasat during the 4th quarter worth approximately $17,511,000. Finally, American Century Companies Inc. raised its stake in shares of Viasat by 7.5% during the 2nd quarter. American Century Companies Inc. now owns 460,602 shares of the communications equipment provider’s stock worth $5,850,000 after buying an additional 31,991 shares in the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Viasat
In other Viasat news, insider Cpp Investment Board Private H sold 2,811,442 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.90, for a total transaction of $55,947,695.80. Following the completion of the transaction, the insider now owns 8,545,334 shares of the company’s stock, valued at $170,052,146.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Report on VSAT
Viasat Price Performance
Viasat stock opened at $12.18 on Monday. The firm has a market capitalization of $1.53 billion, a PE ratio of -1.39 and a beta of 1.35. Viasat, Inc. has a 52 week low of $11.76 and a 52 week high of $29.11. The firm’s 50-day simple moving average is $16.48 and its 200 day simple moving average is $16.15. The company has a quick ratio of 2.78, a current ratio of 3.08 and a debt-to-equity ratio of 1.40.
Viasat (NASDAQ:VSAT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.16. Viasat had a negative net margin of 22.13% and a negative return on equity of 19.76%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned ($0.83) earnings per share. The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. On average, equities research analysts predict that Viasat, Inc. will post -1.34 EPS for the current fiscal year.
Viasat Profile
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 entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.
Recommended Stories
- Five stocks we like better than Viasat
- Conference Calls and Individual Investors
- Simon Property REIT: A Safe Bet for Growth and Steady Dividends
- What Is WallStreetBets and What Stocks Are They Targeting?
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Want to Profit on the Downtrend? Downtrends, Explained.
- MarketBeat Week in Review – 9/23 – 9/27
Want to see what other hedge funds are holding VSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viasat, Inc. (NASDAQ:VSAT – Free Report).
Receive News & Ratings for Viasat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viasat and related companies with MarketBeat.com's FREE daily email newsletter.