Clough Capital Partners L P Lowers stake in ViaSat (VSAT)

ViaSat (VSAT) : Clough Capital Partners L P reduced its stake in ViaSat by 3.24% during the most recent quarter end. The investment management company now holds a total of 540,980 shares of ViaSat which is valued at $43,597,578 after selling 18,100 shares in ViaSat , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.ViaSat makes up approximately 2.34% of Clough Capital Partners L P’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in VSAT in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 33,970 shares of ViaSat which is valued at $2,341,892.Great West Life Assurance Co Can boosted its stake in VSAT in the latest quarter, The investment management firm added 1,847 additional shares and now holds a total of 27,865 shares of ViaSat which is valued at $1,963,368. ViaSat makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.

ViaSat opened for trading at $73.9 and hit $73.9 on the upside on Monday, eventually ending the session at $72.97, with a gain of 4.63% or 3.23 points. The heightened volatility saw the trading volume jump to 46,10,300 shares. Company has a market cap of $3,611 M.

On the company’s financial health, ViaSat reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.29. The company had revenue of $363.10 million for the quarter, compared to analysts expectations of $371.89 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on ViaSat. ViaSat was Downgraded by Macquarie to ” Underperform” on Nov 16, 2016. Company shares were Reiterated by Wunderlich on Nov 9, 2016 to “Sell”, Firm has raised the Price Target to $ 58 from a previous price target of $50 .

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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