100,000 Shares in Viasat Inc. $VSAT Bought by Cobalt Capital Management Inc.

Cobalt Capital Management Inc. bought a new position in shares of Viasat Inc. (NASDAQ:VSAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the communications equipment provider’s stock, valued at approximately $3,446,000. Viasat comprises about 1.5% of Cobalt Capital Management Inc.’s holdings, making the stock its 17th largest position.

Other hedge funds have also bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new position in Viasat during the fourth quarter worth $36,000. Los Angeles Capital Management LLC bought a new position in Viasat during the fourth quarter worth $38,000. EFG International AG bought a new position in Viasat during the fourth quarter worth $41,000. Danske Bank A S bought a new position in Viasat during the fourth quarter worth $47,000. Finally, Larson Financial Group LLC raised its stake in Viasat by 7,380.0% during the third quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock worth $66,000 after buying an additional 2,214 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Insider Activity

In other news, Director Theresa Wise sold 2,500 shares of Viasat stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $69.00, for a total transaction of $172,500.00. Following the completion of the transaction, the director directly owned 11,000 shares in the company, valued at $759,000. This trade represents a 18.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Garrett L. Chase sold 4,000 shares of Viasat stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $72.50, for a total transaction of $290,000.00. Following the transaction, the chief financial officer owned 38,239 shares of the company’s stock, valued at $2,772,327.50. This represents a 9.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 434,275 shares of company stock valued at $28,359,079. 2.20% of the stock is currently owned by insiders.

Viasat Trading Up 3.4%

NASDAQ:VSAT opened at $64.55 on Thursday. The company has a current ratio of 2.41, a quick ratio of 2.19 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of -222.59 and a beta of 1.71. The firm has a fifty day simple moving average of $67.14 and a two-hundred day simple moving average of $51.23. Viasat Inc. has a 12 month low of $12.40 and a 12 month high of $89.79.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion. Viasat had a positive return on equity of 1.58% and a negative net margin of 0.73%.The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. Analysts expect that Viasat Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VSAT shares. Barclays set a $49.00 target price on shares of Viasat in a research note on Friday, May 29th. Raymond James Financial set a $74.00 target price on shares of Viasat and gave the stock an “outperform” rating in a research note on Friday, April 24th. Needham & Company LLC lifted their target price on shares of Viasat from $58.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $97.00 price target on shares of Viasat in a report on Monday, June 1st. Finally, B. Riley Financial raised their price target on shares of Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.13.

Viasat Company Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.