John P. Stenbit Sells 800 Shares of ViaSat, Inc. (VSAT) Stock
ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 800 shares of ViaSat stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $74.86, for a total value of $59,888.00. Following the transaction, the director now directly owns 10,400 shares in the company, valued at $778,544. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
ViaSat, Inc. (VSAT) opened at $74.63 on Friday. The firm has a market capitalization of $4,352.65, a PE ratio of -355.38 and a beta of 0.78. ViaSat, Inc. has a 12 month low of $57.75 and a 12 month high of $75.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.71.
ViaSat (NASDAQ:VSAT) last released its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The company had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $401.83 million. During the same quarter in the previous year, the business posted $0.40 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. analysts expect that ViaSat, Inc. will post -0.98 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in shares of ViaSat by 9.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after buying an additional 131 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ViaSat by 13.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 216 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of ViaSat during the 2nd quarter valued at about $203,000. Shelton Capital Management acquired a new stake in shares of ViaSat during the 2nd quarter valued at about $206,000. Finally, Riverhead Capital Management LLC lifted its holdings in shares of ViaSat by 75.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,162 shares of the communications equipment provider’s stock valued at $209,000 after buying an additional 1,362 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.
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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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