Fpr Partners buys $452.2 Million stake in ViaSat (VSAT)

ViaSat (VSAT) : Fpr Partners scooped up 80,027 additional shares in ViaSat during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 5,997,920 shares of ViaSat which is valued at $452.2 Million.ViaSat makes up approximately 11.20% of Fpr Partners’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in VSAT by selling 2,082 shares or 21.24% in the most recent quarter. The Hedge Fund company now holds 7,718 shares of VSAT which is valued at $581,860. ViaSat makes up approx 0.01% of Riverhead Capital Management’s portfolio.Cove Street Capital reduced its stake in VSAT by selling 103,410 shares or 16.7% in the most recent quarter. The Hedge Fund company now holds 515,873 shares of VSAT which is valued at $38.9 Million. ViaSat makes up approx 5.23% of Cove Street Capital’s portfolio. Swift Run Capital Management added VSAT to its portfolio by purchasing 5,152 company shares during the most recent quarter which is valued at $389,800. ViaSat makes up approx 0.27% of Swift Run Capital Management’s portfolio.Proshare Advisors reduced its stake in VSAT by selling 1,341 shares or 15.56% in the most recent quarter. The Hedge Fund company now holds 7,279 shares of VSAT which is valued at $550,729. ViaSat makes up approx 0.01% of Proshare Advisors’s portfolio.New York State Common Retirement Fund boosted its stake in VSAT in the latest quarter, The investment management firm added 2,861 additional shares and now holds a total of 43,961 shares of ViaSat which is valued at $3.3 Million. ViaSat makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.

ViaSat closed down -3.27 points or -4.50% at $69.41 with 10,82,724 shares getting traded on Wednesday. Post opening the session at $70, the shares hit an intraday low of $66.9 and an intraday high of $70.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, ViaSat reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 24, 2016. Analyst had a consensus of $0.37. The company had revenue of $372.00 million for the quarter, compared to analysts expectations of $369.65 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on ViaSat. Company shares were Reiterated by Wunderlich on May 25, 2016 to “Sell”, Firm has raised the Price Target to $ 50 from a previous price target of $48 .ViaSat was Downgraded by Drexel Hamilton to ” Sell” on May 23, 2016.

ViaSat Inc. is a technology company engaged in broadband technologies and services including satellite and wireless networking applications and secure networking systems products and services. The Company conducts its business through three segments: satellite services commercial networks and government systems. The Company conducts its business through three segments: satellite services which provides retail and wholesale satellite-based broadband services for its consumer enterprise and mobile broadband customers in the United States; commercial networks which develops and produces satellite and other wireless communication systems and ground networking equipment and products that address five market segments: consumer enterprise in-flight maritime and ground mobile applications and government systems which develops and produces network-centric Internet Protocol (IP)-based fixed and mobile secure government communications systems products services and solutions.

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