Hood River Capital Management LLC lowered its position in shares of ViaSat, Inc. (NASDAQ:VSAT) by 45.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 240,276 shares of the communications equipment provider’s stock after selling 200,016 shares during the quarter. Hood River Capital Management LLC owned 0.41% of ViaSat worth $15,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in ViaSat by 1,936.1% in the second quarter. JPMorgan Chase & Co. now owns 12,135 shares of the communications equipment provider’s stock valued at $803,000 after buying an additional 11,539 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in ViaSat by 123.0% in the second quarter. BNP Paribas Arbitrage SA now owns 26,641 shares of the communications equipment provider’s stock valued at $1,764,000 after buying an additional 14,694 shares in the last quarter. Fiduciary Management Inc. WI bought a new position in ViaSat in the second quarter valued at approximately $28,948,000. Comerica Bank lifted its stake in ViaSat by 27.5% in the second quarter. Comerica Bank now owns 52,615 shares of the communications equipment provider’s stock valued at $3,471,000 after buying an additional 11,334 shares in the last quarter. Finally, New South Capital Management Inc. lifted its stake in ViaSat by 12.2% in the second quarter. New South Capital Management Inc. now owns 2,309,525 shares of the communications equipment provider’s stock valued at $152,891,000 after buying an additional 251,890 shares in the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

In other ViaSat news, CEO Mark D. Dankberg sold 28,500 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $60.12, for a total transaction of $1,713,420.00. Following the sale, the chief executive officer now directly owns 28,500 shares of the company’s stock, valued at $1,713,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John P. Stenbit sold 700 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $63.70, for a total transaction of $44,590.00. Following the sale, the director now directly owns 8,700 shares in the company, valued at $554,190. The disclosure for this sale can be found here. Insiders have sold 123,300 shares of company stock worth $7,802,144 over the last ninety days. Insiders own 7.70% of the company’s stock.

Shares of ViaSat, Inc. (NASDAQ:VSAT) traded up $1.33 during mid-day trading on Friday, hitting $73.56. 617,200 shares of the stock were exchanged, compared to its average volume of 448,040. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.71 and a current ratio of 2.26. The company has a market capitalization of $4,280.00, a price-to-earnings ratio of 1,444.60 and a beta of 0.74. ViaSat, Inc. has a twelve month low of $57.75 and a twelve month high of $74.95.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. The business had revenue of $393.10 million for the quarter, compared to analyst estimates of $401.83 million. ViaSat had a negative net margin of 0.75% and a positive return on equity of 0.13%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. equities analysts predict that ViaSat, Inc. will post -0.98 EPS for the current year.

A number of research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $89.00 price target on shares of ViaSat in a research note on Sunday, August 13th. TheStreet lowered shares of ViaSat from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of ViaSat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada set a $50.00 price target on shares of ViaSat and gave the company a “sell” rating in a research note on Tuesday, August 15th. Finally, Needham & Company LLC raised shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. ViaSat currently has an average rating of “Hold” and a consensus price target of $74.17.

ILLEGAL ACTIVITY WARNING: “Hood River Capital Management LLC Has $15.46 Million Position in ViaSat, Inc. (VSAT)” was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/11/17/hood-river-capital-management-llc-has-15-46-million-position-in-viasat-inc-vsat.html.

ViaSat 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.

Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

Receive News & Ratings for ViaSat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat Inc. and related companies with MarketBeat.com's FREE daily email newsletter.