Partners Capital Investment Group buys $16.5 Million stake in ViaSat (VSAT)

ViaSat (VSAT) : Partners Capital Investment Group scooped up 2,978 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 219,152 shares of ViaSat which is valued at $16.5 Million.ViaSat makes up approximately 4.77% of Partners Capital Investment Group’s portfolio.

Other Hedge Funds, Including , Comerica Bank boosted its stake in VSAT in the latest quarter, The investment management firm added 544 additional shares and now holds a total of 45,696 shares of ViaSat which is valued at $3.4 Million. ViaSat makes up approx 0.03% of Comerica Bank’s portfolio.Blackrock Advisors boosted its stake in VSAT in the latest quarter, The investment management firm added 1,303 additional shares and now holds a total of 19,900 shares of ViaSat which is valued at $1.5 Million.Bronfman E.l. Rothschild reduced its stake in VSAT by selling 60 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 2,590 shares of VSAT which is valued at $195,959. ViaSat makes up approx 0.03% of Bronfman E.l. Rothschild’s portfolio.Three Peaks Capital Management reduced its stake in VSAT by selling 33,828 shares or 39.42% in the most recent quarter. The Hedge Fund company now holds 51,976 shares of VSAT which is valued at $3.9 Million. ViaSat makes up approx 0.71% of Three Peaks Capital Management’s portfolio.Russell Frank Co reduced its stake in VSAT by selling 7,200 shares or 8.98% in the most recent quarter. The Hedge Fund company now holds 72,980 shares of VSAT which is valued at $5.6 Million. ViaSat makes up approx 0.01% of Russell Frank Co’s portfolio.

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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