SG Americas Securities LLC grew its position in ViaSat, Inc. (NASDAQ:VSAT) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,153 shares of the communications equipment provider’s stock after acquiring an additional 703 shares during the period. SG Americas Securities LLC’s holdings in ViaSat were worth $760,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fiduciary Management Inc. WI boosted its holdings in shares of ViaSat by 78.2% during the 3rd quarter. Fiduciary Management Inc. WI now owns 779,160 shares of the communications equipment provider’s stock worth $50,116,000 after buying an additional 341,875 shares during the period. Rice Hall James & Associates LLC bought a new stake in shares of ViaSat during the 4th quarter worth about $19,848,000. State Street Corp boosted its holdings in shares of ViaSat by 5.3% during the 2nd quarter. State Street Corp now owns 1,762,352 shares of the communications equipment provider’s stock worth $116,669,000 after buying an additional 88,421 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of ViaSat by 63.6% during the 3rd quarter. Wells Fargo & Company MN now owns 141,653 shares of the communications equipment provider’s stock worth $9,112,000 after buying an additional 55,062 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of ViaSat by 16.9% during the 3rd quarter. Sei Investments Co. now owns 331,189 shares of the communications equipment provider’s stock worth $21,302,000 after buying an additional 47,950 shares during the period. 99.42% of the stock is owned by institutional investors.
In other ViaSat news, Director Harvey White sold 5,900 shares of ViaSat stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $73.77, for a total value of $435,243.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at approximately $368,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $74.10, for a total transaction of $51,870.00. Following the completion of the sale, the director now owns 10,300 shares of the company’s stock, valued at approximately $763,230. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock valued at $845,727 in the last quarter. Corporate insiders own 7.70% of the company’s stock.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. ViaSat had a negative net margin of 2.59% and a negative return on equity of 1.13%. The business had revenue of $381.80 million during the quarter, compared to analysts’ expectations of $392.99 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s revenue was up .3% on a year-over-year basis. equities analysts expect that ViaSat, Inc. will post -1.16 earnings per share for the current fiscal year.
Several analysts recently commented on VSAT shares. Zacks Investment Research downgraded shares of ViaSat from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Needham & Company LLC raised shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Friday, November 10th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $46.00 target price (down previously from $48.00) on shares of ViaSat in a report on Tuesday, November 21st. Morgan Stanley started coverage on shares of ViaSat in a report on Friday, December 15th. They set an “equal weight” rating and a $78.00 target price for the company. Finally, BidaskClub raised shares of ViaSat from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. ViaSat presently has a consensus rating of “Hold” and a consensus price target of $74.20.
TRADEMARK VIOLATION WARNING: “SG Americas Securities LLC Has $760,000 Stake in ViaSat, Inc. (VSAT)” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2018/02/19/sg-americas-securities-llc-has-760000-stake-in-viasat-inc-vsat.html.
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.
Want to see what other hedge funds are holding VSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ViaSat, Inc. (NASDAQ:VSAT).
Receive News & Ratings for ViaSat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat and related companies with MarketBeat.com's FREE daily email newsletter.