ViaSat, Inc. (VSAT) Holdings Increased by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC grew its holdings in ViaSat, Inc. (NASDAQ:VSAT) by 20.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,400 shares of the communications equipment provider’s stock after acquiring an additional 1,600 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in ViaSat were worth $554,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VSAT. Enlightenment Research LLC purchased a new stake in ViaSat in the fourth quarter worth $29,000. IFP Advisors Inc increased its stake in shares of ViaSat by 245.3% during the fourth quarter. IFP Advisors Inc now owns 1,478 shares of the communications equipment provider’s stock valued at $86,000 after buying an additional 1,050 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of ViaSat by 313.0% during the third quarter. Tower Research Capital LLC TRC now owns 2,379 shares of the communications equipment provider’s stock valued at $152,000 after buying an additional 1,803 shares during the period. AlphaCrest Capital Management LLC purchased a new position in shares of ViaSat during the fourth quarter valued at $200,000. Finally, Virtu Financial LLC purchased a new position in shares of ViaSat during the fourth quarter valued at $203,000.

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In other ViaSat news, Director Jeffrey M. Nash sold 5,000 shares of ViaSat stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $75.00, for a total value of $375,000.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $375,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director B Allen Lay sold 1,000 shares of ViaSat stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $69.65, for a total value of $69,650.00. The disclosure for this sale can be found here. Insiders sold 147,414 shares of company stock worth $10,736,710 in the last quarter. 8.10% of the stock is owned by insiders.

Shares of ViaSat stock traded up $0.38 during trading on Friday, hitting $75.93. 411,091 shares of the stock traded hands, compared to its average volume of 614,674. The firm has a market cap of $4.54 billion, a P/E ratio of -88.29 and a beta of 0.88. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. ViaSat, Inc. has a 52-week low of $55.93 and a 52-week high of $76.41.

ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, February 7th. The communications equipment provider reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.24. The firm had revenue of $554.69 million for the quarter, compared to analyst estimates of $487.99 million. ViaSat had a negative return on equity of 4.60% and a negative net margin of 4.62%. The business’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. Analysts forecast that ViaSat, Inc. will post -1.43 earnings per share for the current year.

Several brokerages have recently commented on VSAT. BidaskClub lowered ViaSat from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 11th. ValuEngine lowered ViaSat from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded ViaSat from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Saturday, January 19th. Raymond James raised their price target on ViaSat from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, November 15th. Finally, Barclays restated a “sell” rating and set a $66.00 price target on shares of ViaSat in a research note on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.71.

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ViaSat 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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