G&S Capital LLC Purchases Shares of 8,251 ViaSat, Inc. (NASDAQ:VSAT)

G&S Capital LLC purchased a new stake in shares of ViaSat, Inc. (NASDAQ:VSAT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 8,251 shares of the communications equipment provider’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Securian Asset Management Inc lifted its position in shares of ViaSat by 1.7% in the 1st quarter. Securian Asset Management Inc now owns 6,926 shares of the communications equipment provider’s stock worth $537,000 after purchasing an additional 117 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of ViaSat by 1.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,016 shares of the communications equipment provider’s stock worth $776,000 after purchasing an additional 177 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of ViaSat by 2.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the communications equipment provider’s stock worth $1,178,000 after purchasing an additional 300 shares during the period. State Treasurer State of Michigan lifted its position in shares of ViaSat by 1.5% in the 1st quarter. State Treasurer State of Michigan now owns 20,300 shares of the communications equipment provider’s stock worth $1,573,000 after purchasing an additional 300 shares during the period. Finally, Strs Ohio lifted its position in shares of ViaSat by 5.7% in the 1st quarter. Strs Ohio now owns 7,400 shares of the communications equipment provider’s stock worth $573,000 after purchasing an additional 400 shares during the period. 95.17% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on VSAT. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Zacks Investment Research lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America reiterated a “buy” rating and issued a $25.00 price target on shares of Infineon Technologies in a research note on Monday, June 3rd. B. Riley reiterated a “buy” rating on shares of Skechers USA in a research note on Friday, April 26th. Finally, Needham & Company LLC increased their price target on shares of ViaSat from $78.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. ViaSat presently has an average rating of “Buy” and an average target price of $95.13.

Shares of ViaSat stock traded down $0.36 during trading on Wednesday, hitting $82.74. The company’s stock had a trading volume of 2,829 shares, compared to its average volume of 364,365. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.83 and a quick ratio of 1.34. The business’s fifty day moving average price is $83.70. The firm has a market capitalization of $5.09 billion, a P/E ratio of -73.19 and a beta of 0.86. ViaSat, Inc. has a 52 week low of $55.93 and a 52 week high of $97.31.

ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Thursday, May 23rd. The communications equipment provider reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 3.27% and a negative return on equity of 3.47%. ViaSat’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the business earned ($0.34) EPS. As a group, equities research analysts anticipate that ViaSat, Inc. will post -0.1 EPS for the current fiscal year.

In other ViaSat news, insider Bruce Leroy Dirks sold 16,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $91.87, for a total transaction of $1,515,855.00. Following the completion of the sale, the insider now directly owns 34,522 shares in the company, valued at approximately $3,171,536.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark D. Dankberg sold 149,022 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $90.75, for a total transaction of $13,523,746.50. Following the sale, the chief executive officer now owns 100,000 shares of the company’s stock, valued at $9,075,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 441,028 shares of company stock valued at $39,464,899. 7.60% of the stock is owned by company insiders.

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 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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Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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