ViaSat, Inc. (VSAT) Position Lifted by Sei Investments Co.
Sei Investments Co. boosted its holdings in shares of ViaSat, Inc. (NASDAQ:VSAT) by 78.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,120 shares of the communications equipment provider’s stock after buying an additional 8,854 shares during the period. Sei Investments Co.’s holdings in ViaSat were worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Verition Fund Management LLC acquired a new position in ViaSat during the first quarter valued at $200,000. Sciencast Management LP acquired a new position in ViaSat in the 1st quarter worth about $219,000. LPL Financial LLC acquired a new position in ViaSat in the 1st quarter worth about $235,000. Royal Bank of Canada increased its position in ViaSat by 109.7% in the 1st quarter. Royal Bank of Canada now owns 3,858 shares of the communications equipment provider’s stock worth $252,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Silvant Capital Management LLC acquired a new position in ViaSat in the 1st quarter worth about $388,000.
Shares of NASDAQ VSAT opened at $61.94 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.67 billion, a PE ratio of -72.02 and a beta of 0.81. ViaSat, Inc. has a 52 week low of $59.16 and a 52 week high of $80.26.
Several research analysts have weighed in on the company. BidaskClub lowered ViaSat from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. TheStreet raised ViaSat from a “d+” rating to a “c-” rating in a research report on Thursday, July 19th. Barclays set a $50.00 target price on ViaSat and gave the stock a “sell” rating in a research report on Monday, August 13th. Wells Fargo & Co dropped their target price on ViaSat to $84.00 and set an “outperform” rating on the stock in a research report on Friday, May 25th. Finally, ValuEngine raised ViaSat from a “hold” rating to a “buy” rating in a research report on Friday, July 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.33.
In other news, Director B Allen Lay sold 5,000 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $64.00, for a total transaction of $320,000.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $320,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John P. Stenbit sold 800 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $62.67, for a total value of $50,136.00. Following the transaction, the director now directly owns 800 shares in the company, valued at approximately $50,136. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,077 shares of company stock worth $2,931,850. 8.10% of the stock is currently owned by insiders.
ViaSat Company 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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