Teacher Retirement System of Texas Has $466,000 Position in ViaSat Inc. (VSAT)
Teacher Retirement System of Texas increased its position in shares of ViaSat Inc. (NASDAQ:VSAT) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,528 shares of the company’s stock after buying an additional 888 shares during the period. Teacher Retirement System of Texas’ holdings in ViaSat were worth $466,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. raised its stake in ViaSat by 36.5% in the first quarter. 1832 Asset Management L.P. now owns 430,176 shares of the company’s stock worth $52,653,000 after buying an additional 115,076 shares during the last quarter. Brookside Capital Management LLC raised its stake in ViaSat by 7.6% in the first quarter. Brookside Capital Management LLC now owns 1,343,298 shares of the company’s stock worth $98,706,000 after buying an additional 95,015 shares during the last quarter. FPR Partners LLC raised its stake in ViaSat by 1.4% in the first quarter. FPR Partners LLC now owns 5,997,920 shares of the company’s stock worth $440,727,000 after buying an additional 80,027 shares during the last quarter. Nationwide Fund Advisors raised its stake in ViaSat by 281.4% in the second quarter. Nationwide Fund Advisors now owns 105,392 shares of the company’s stock worth $7,525,000 after buying an additional 77,758 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in ViaSat during the second quarter worth about $5,396,000. Institutional investors own 94.53% of the company’s stock.
ViaSat Inc. (NASDAQ:VSAT) traded down 0.883% during trading on Friday, hitting $73.545. The stock had a trading volume of 32,617 shares. The company has a 50-day moving average of $74.33 and a 200 day moving average of $73.41. ViaSat Inc. has a 52-week low of $56.02 and a 52-week high of $79.15. The firm has a market cap of $3.62 billion, a P/E ratio of 171.834 and a beta of 0.97.
ViaSat (NASDAQ:VSAT) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.03. The firm earned $363.10 million during the quarter, compared to analysts’ expectations of $371.89 million. ViaSat had a return on equity of 2.59% and a net margin of 1.46%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. On average, equities research analysts predict that ViaSat Inc. will post $1.21 earnings per share for the current fiscal year.
VSAT has been the subject of several recent analyst reports. Zacks Investment Research upgraded ViaSat from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Monday. Jefferies Group initiated coverage on ViaSat in a research report on Monday, August 1st. They set a “hold” rating and a $85.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of ViaSat in a research report on Wednesday. Finally, B. Riley restated a “buy” rating and set a $89.00 target price on shares of ViaSat in a research report on Sunday, August 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. ViaSat has an average rating of “Hold” and a consensus target price of $73.80.
In related news, CEO Mark D. Dankberg sold 26,250 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $75.27, for a total value of $1,975,837.50. Following the transaction, the chief executive officer now directly owns 26,250 shares of the company’s stock, valued at approximately $1,975,837.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John P. Stenbit sold 700 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $73.64, for a total value of $51,548.00. Following the completion of the transaction, the director now directly owns 7,100 shares in the company, valued at $522,844. The disclosure for this sale can be found here. 9.70% of the stock is owned by corporate insiders.
ViaSat Company Profile
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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