Emory University Acquires 4,137 Shares of ViaSat, Inc. (VSAT)

Emory University raised its stake in shares of ViaSat, Inc. (NASDAQ:VSAT) by 20.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,253 shares of the communications equipment provider’s stock after buying an additional 4,137 shares during the period. Emory University’s holdings in ViaSat were worth $1,548,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of VSAT. Norges Bank acquired a new position in ViaSat during the fourth quarter valued at approximately $44,042,000. Independent Portfolio Consultants Inc. acquired a new position in ViaSat during the first quarter valued at approximately $163,000. Russell Investments Group Ltd. acquired a new position in ViaSat during the fourth quarter valued at approximately $5,066,000. Baupost Group LLC MA raised its position in ViaSat by 14.1% in the fourth quarter. Baupost Group LLC MA now owns 13,158,137 shares of the communications equipment provider’s stock valued at $871,332,000 after buying an additional 1,625,000 shares during the period. Finally, Guggenheim Capital LLC raised its position in ViaSat by 40.4% in the fourth quarter. Guggenheim Capital LLC now owns 18,115 shares of the communications equipment provider’s stock valued at $1,199,000 after buying an additional 5,211 shares during the period. 95.19% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

Shares of ViaSat, Inc. (VSAT) traded down 0.31% during mid-day trading on Friday, hitting $67.61. 648,726 shares of the stock were exchanged. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 150.24 and a beta of 0.60. ViaSat, Inc. has a 1-year low of $61.85 and a 1-year high of $82.19. The company’s 50-day moving average is $66.70 and its 200-day moving average is $66.20.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, May 23rd. The communications equipment provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. ViaSat had a net margin of 1.52% and a return on equity of 2.07%. The firm had revenue of $416.40 million for the quarter, compared to analyst estimates of $400.90 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that ViaSat, Inc. will post $0.38 earnings per share for the current fiscal year.

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A number of research firms have issued reports on VSAT. Cowen and Company raised shares of ViaSat from a “market perform” rating to an “outperform” rating in a research note on Saturday, June 3rd. B. Riley reissued a “buy” rating and set a $89.00 target price on shares of ViaSat in a research note on Sunday, June 4th. Wunderlich raised shares of ViaSat from a “sell” rating to a “hold” rating and set a $58.00 target price for the company in a research note on Friday, June 2nd. Needham & Company LLC reissued a “hold” rating on shares of ViaSat in a research note on Thursday, February 16th. Finally, Barclays PLC began coverage on shares of ViaSat in a research note on Tuesday, February 21st. They set an “equal weight” rating and a $75.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. ViaSat has an average rating of “Hold” and a consensus target price of $76.40.

In other news, Director Jeffrey M. Nash sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $71.76, for a total value of $358,800.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $358,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.70% of the stock is currently owned by company 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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