New South Capital Management Inc buys $168.1 Million stake in ViaSat (VSAT)

ViaSat (VSAT) : New South Capital Management Inc scooped up 40,506 additional shares in ViaSat during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 2,229,502 shares of ViaSat which is valued at $168.1 Million.ViaSat makes up approximately 4.08% of New South Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Partners Capital Investment Group boosted its stake in VSAT in the latest quarter, The investment management firm added 2,978 additional shares and now holds a total of 219,152 shares of ViaSat which is valued at $16.5 Million. ViaSat makes up approx 4.77% of Partners Capital Investment Group’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in VSAT in the latest quarter, The investment management firm added 14,594 additional shares and now holds a total of 1,083,729 shares of ViaSat which is valued at $81.7 Million. ViaSat makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in VSAT in the latest quarter, The investment management firm added 330 additional shares and now holds a total of 25,297 shares of ViaSat which is valued at $1.9 Million. ViaSat makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio.Ifp Advisors Inc reduced its stake in VSAT by selling 290 shares or 49.24% in the most recent quarter. The Hedge Fund company now holds 299 shares of VSAT which is valued at $22,622.Aperio Group reduced its stake in VSAT by selling 130 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 6,317 shares of VSAT which is valued at $484,514.

ViaSat closed down -0.39 points or -0.52% at $75 with 4,31,837 shares getting traded on Monday. Post opening the session at $75.44, the shares hit an intraday low of $74.88 and an intraday high of $76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, ViaSat reported $0.40 EPS for the quarter, based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus estimate of $0.40. The company had revenue of $347.80 million for the quarter, compared to analysts expectations of $365.11 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

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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