Northwestern Mutual Investment Management Company LLC Buys 4,113 Shares of ViaSat, Inc. (NASDAQ:VSAT)
Northwestern Mutual Investment Management Company LLC raised its holdings in shares of ViaSat, Inc. (NASDAQ:VSAT) by 58.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 11,206 shares of the communications equipment provider’s stock after purchasing an additional 4,113 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in ViaSat were worth $736,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ViaSat by 54.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 987 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in ViaSat during the 4th quarter valued at approximately $241,000. Suntrust Banks Inc. acquired a new position in shares of ViaSat in the 4th quarter valued at $271,000. Silvant Capital Management LLC acquired a new position in shares of ViaSat in the 1st quarter valued at $388,000. Finally, Weil Company Inc. acquired a new position in shares of ViaSat in the 4th quarter valued at $408,000.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of ViaSat from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Royal Bank of Canada set a $52.00 price target on shares of ViaSat and gave the stock a “sell” rating in a report on Tuesday, March 27th. Barclays lowered shares of ViaSat from an “equal weight” rating to an “underweight” rating and set a $75.00 target price for the company. in a report on Thursday, March 29th. TheStreet lowered shares of ViaSat from a “c” rating to a “d+” rating in a report on Tuesday, April 10th. Finally, William Blair reaffirmed a “buy” rating on shares of ViaSat in a research report on Saturday, June 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.56.
ViaSat (NASDAQ:VSAT) last announced its earnings results on Thursday, May 24th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.40. ViaSat had a negative net margin of 4.22% and a negative return on equity of 2.56%. The business had revenue of $439.70 million for the quarter, compared to analyst estimates of $424.47 million. During the same period last year, the firm posted $0.32 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year.
In other ViaSat news, Director John P. Stenbit sold 700 shares of ViaSat stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $65.50, for a total value of $45,850.00. Following the completion of the sale, the director now owns 10,300 shares in the company, valued at approximately $674,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Keven K. Lippert sold 4,000 shares of ViaSat stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the sale, the executive vice president now owns 1,693 shares of the company’s stock, valued at approximately $105,490.83. The disclosure for this sale can be found here. In the last three months, insiders sold 26,594 shares of company stock valued at $1,690,304. 7.70% of the stock is owned by corporate insiders.
Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers fixed broadband services, including broadband Internet access and voice over Internet protocol services under the Exede and WildBlue brands to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems; and enterprise broadband services.
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