Southeastern Asset Management Inctn buys $349.2 Million stake in ViaSat (VSAT)

ViaSat (VSAT) : Southeastern Asset Management Inctn scooped up 25,700 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 4,632,327 shares of ViaSat which is valued at $349.2 Million.ViaSat makes up approximately 3.31% of Southeastern Asset Management Inctn’s portfolio.

Other Hedge Funds, Including , Nicholas Investment Partners Lp added VSAT to its portfolio by purchasing 75,391 company shares during the most recent quarter which is valued at $5.7 Million. ViaSat makes up approx 0.56% of Nicholas Investment Partners Lp’s portfolio.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.Cobblestone Capital Advisors Ny boosted its stake in VSAT in the latest quarter, The investment management firm added 1,880 additional shares and now holds a total of 80,575 shares of ViaSat which is valued at $6.1 Million. ViaSat makes up approx 0.88% of Cobblestone Capital Advisors Ny’s portfolio. Quantitative Investment Management added VSAT to its portfolio by purchasing 9,200 company shares during the most recent quarter which is valued at $696,072. ViaSat makes up approx 0.03% of Quantitative Investment Management’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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