November 21, 2016 - By Pete Kolinski · 0 Comments
The stock of Viasat Incorporated (NASDAQ:VSAT) registered an increase of 2.83% in short interest. VSAT’s total short interest was 5.97 million shares in November as published by FINRA. Its up 2.83% from 5.81 million shares, reported previously. With 215,200 shares average volume, it will take short sellers 28 days to cover their VSAT’s short positions. The short interest to Viasat Incorporated’s float is 21.38%. The stock increased 4.63% or $3.23 on November 18, hitting $72.97. ViaSat, Inc. (NASDAQ:VSAT) has declined 0.11% since April 19, 2016 and is downtrending. It has underperformed by 3.97% the S&P500.
ViaSat, Inc. is engaged in broadband technologies and services. The company has a market cap of $3.27 billion. The Firm operates through three divisions: satellite services, commercial networks and government systems. It has a 135.06 P/E ratio. The satellite services segment provides satellite broadband services to consumers, enterprises, commercial airlines and mobile broadband clients primarily in the United States.
Insitutional Activity: The institutional sentiment increased to 1.57 in 2016 Q2. Its up 0.41, from 1.16 in 2016Q1. The ratio increased, as 19 funds sold all ViaSat, Inc. shares owned while 45 reduced positions. 20 funds bought stakes while 54 increased positions. They now own 45.33 million shares or 0.76% less from 45.68 million shares in 2016Q1.
Arizona State Retirement Systems holds 0.02% of its portfolio in ViaSat, Inc. (NASDAQ:VSAT) for 19,100 shares. Clough Cap Ptnrs Limited Partnership has 2.14% invested in the company for 559,080 shares. Capstone Investment Advsr Llc reported 3,200 shares or 0% of all its holdings. California Employees Retirement accumulated 105,800 shares or 0.01% of the stock. Century Cap Mngmt Lc holds 17,853 shares or 0.14% of its portfolio. Moreover, Metropolitan Life New York has 0.04% invested in ViaSat, Inc. (NASDAQ:VSAT) for 72,354 shares. Advsr Asset Mgmt holds 0% or 1,200 shares in its portfolio. Vnbtrust Association has 3.67% invested in the company for 87,814 shares. Geode Capital Management Ltd accumulated 0.01% or 317,722 shares. D E Shaw Co Inc accumulated 162,666 shares or 0.02% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 1,422 shares in the company. The California-based Blackrock Fund Advisors has invested 0.04% in ViaSat, Inc. (NASDAQ:VSAT). Morgan Stanley holds 91,876 shares or 0% of its portfolio. Us State Bank De holds 0% of its portfolio in ViaSat, Inc. (NASDAQ:VSAT) for 123 shares. Barclays Public Limited Com has invested 0% of its portfolio in ViaSat, Inc. (NASDAQ:VSAT).
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 14 selling transactions for $11.73 million net activity. On Wednesday, August 10 the insider BALDRIDGE RICHARD A sold $1.70M. 26,250 ViaSat, Inc. (NASDAQ:VSAT) shares with value of $1.98 million were sold by DANKBERG MARK D. Shares for $300,617 were sold by Peterman Ken Allen. On Wednesday, June 1 STENBIT JOHN P sold $48,020 worth of the stock or 700 shares. Another trade for 8,750 shares valued at $645,838 was sold by Lippert Keven K. 2,800 ViaSat, Inc. (NASDAQ:VSAT) shares with value of $198,212 were sold by WHITE HARVEY.
Out of 4 analysts covering ViaSat (NASDAQ:VSAT), 0 rate it a “Buy”, 3 “Sell”, while 1 “Hold”. This means 0 are positive. ViaSat has been the topic of 4 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Wells Fargo on Tuesday, October 13. The stock has “Sell” rating given by Wunderlich on Wednesday, November 9. The firm earned “Underperform” rating on Wednesday, November 16 by Macquarie Research. The firm has “Sell” rating by Drexel Hamilton given on Monday, May 23.
ViaSat, Inc., incorporated on October 25, 1996, is engaged in broadband technologies and services. The Firm operates through three divisions: satellite services, commercial networks and government systems. The Company’s end-to-end platform of Ka-band satellites, ground infrastructure and user terminals enables it to provide broadband solutions to enterprises, clients and government users around the globe.
More recent ViaSat, Inc. (NASDAQ:VSAT) news were published by: Prnewswire.com which released: “ViaSat Announces Pricing of Public Offering of Common Stock” on November 18, 2016. Also Prnewswire.com published the news titled: “ViaSat Brings Faster Service and Unbeatable Service Plans to Business Jet Users” on November 01, 2016. Prnewswire.com‘s news article titled: “ViaSat Sets November 8, 2016 for Q2 2017 Fiscal Year Earnings Conference Call …” with publication date: November 01, 2016 was also an interesting one.
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By Pete Kolinski