Posted by Steve Fairfield am July 24NS,
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FORA Capital LLC acquired a new position in stocks of Viasat, Inc. (NASDAQ: VSAT) in the first quarter, according to the company in its most recent 12F filing with the Securities and Exchange Commission. The company purchased 1,381 shares in the communications equipment provider, valued at approximately $ 67,0000.
A number of other major investors have recently increased or reduced their stake in the stock. Man Group plc increased its stake in Viasat by 6.5% in the first quarter. Man Group plc now owns 88,381 shares of communications equipment shares in the vendor, valued at $ 4,150,000 after purchasing an additional 5,350 shares last quarter. The California State Teachers Retirement System increased its stake in Viasat by 1.2% in the first quarter. California State Teachers Retirement System now owns 97,883 shares of communications equipment maker valued at $ 4,070 after purchasing an additional 1,150 shares last quarter. Odey Holdings AG has a new stake in Viasat shares valued at approximately .0000 in the first quarter. Punkt75 Hong Kong Ltd took a new stake in Viasat shares valued at approximately .030 in the first quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Viasat shares by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,607 shares in communications equipment provider for $ 2,466,000,000 after purchasing an additional 7,381 shares last quarter. Hedge funds and other institutional investors own 80.80% of the company’s stock.
NASDAQ VSAT opened at $ 51.12 on Friday. Viasat, Inc. has a 52 week low of $ 32.87 and a fifty-two week high of $ 61.32. The company has a market cap of $ 3. 66 billion, a P / E of 1,252.67, a price / earnings to growth ratio of 5.43, and a beta of 1. 13. The company has a fifty-day moving average of $ 49.92. The company has a debt to equity ratio of 0. 80, a fast ratio of 0. 102, and a current ratio of 1. 35.
Viasat (NASDAQ: VSAT) last gave 25NS on Monday, May. The communication equipment provider reported $ 0. 12 EPS for the quarter, beating the Zacks’ consensus estimate of $ 0.07 from $ 0.13. The company had revenue of $ 595.87 million for the quarter, compared to a consensus estimate of $ 595.100 million. Viasat had a return on equity of 0.22% and a net margin of 0.22%. The company’s revenue increased 0.7% year over year for the quarter. In the same quarter last year, the company made $ 0. 29 earnings per share. As a group, analysts predict that Viasat, Inc. will release 0. 35 EPS for the current financial year.
A number of analysts recently rated the VSAT share. Zacks Investment Research has downgraded Viasat from a “hold” rating to a “sell” rating and a $ 54.03 price target on the stock. in a research note on Monday April 08NS. Needham & Company LLC stated in a report dated Tuesday, June 22nd. You have a “Buy” rating and a $ 54.03 price target for the company. Morgan Stanley raised its target price on Viasat from $ 42.03 to $ .03 and gave the stock an “equilibrium” rating in a report on Monday June 7th. TheStreet upgraded Viasat from a “d +” rating to a “c” rating in a report on Tuesday, May 25 NS. Eventually, Raymond raised James Viasat from an “outperform” rating to a “strong buy” rating and set a $ 63.03 price target for the company in a report dated Thursday April 1st. An investment analyst has rated the stock with a sell rating, two with a hold rating, two with a buy rating, and one with a strong buy rating. Viasat currently has a consensus rating of “Buy” and an average price target of $ 63.07.
Viasat profile
Viasat, Inc. provides broadband and communications products and services worldwide. The company’s Satellite Services segment provides fixed-line satellite broadband services, including broadband Internet access and voice-over-Internet protocol services to consumers and businesses; In-flight entertainment, internet and flight software services for commercial airlines; community internet services; Mobile broadband services including satellite internet services for offshore energy ships, cruise ships, consumer ferries and yachts; and advanced software and communication infrastructure services that include highly secure IP connectivity solutions, bandwidth-optimized over-the-top applications, industrial big data support for the Internet of Things, and industry-leading machine learning analytics.
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