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FPR Partners Ups Its Stake in ViaSat, Inc. (VSAT)

Bob Peck and Andy Raab are optimistic about the prospects of ViaSat, Inc. (NASDAQ:VSAT). According to a recent filing with the Securities and Exchange Commission, their fund, FPR Partners, has increased its holding to 4.81 million shares, from 4.55 million held previously. The fund’s new position accounts for approximately 10.4% of the company’s common stock. Given the current market price of 69.67, FPR Partners’ stake has a value of approximately 335 million.

ViaSat, Inc. (NASDAQ:VSAT)

Another fan of this stock is Charles Clough‘s Clough Capital Partners, which has increased its stake in ViaSat, Inc. (NASDAQ:VSAT) by 20% during the last quarter, taking it to 860,800 shares worth approximately $54 million. Donald Chiboucis has also increased his fund’s position, but only by 3%. According to Columbus Circle Investors’ latest 13F report, the fund holds 436,025 shares valued at $27.3 million.

ViaSat, Inc. (NASDAQ:VSAT) is a provider of communication equipment and services and has a worldwide presence. The company has a market cap of $3.21 billion and does not pay a dividend. The stock has entered an uptrend in February and has surged 25% since then. It is traded at a forward Price to Earnings (P/E) ratio of 49.91, which is a sign that market participants expect the company to return to positive earnings.

ViaSat, Inc. (NASDAQ:VSAT) posted $354 million in revenues and earnings of $0.2 per share for the second quarter of the 2014 fiscal year, surpassing market expectations. Analysts expect the company to register revenues of $344 million and earnings per share of $0.11 during the current quarter.

Peck and Raab are also betting big on LPL Financial Holdings Inc (NASDAQ:LPLA), which is their largest position. According to FPR’s latest 13F report, the fund has increased its stake by 2% in the previous quarter, taking it to 7.66 million shares worth $360 million. FPR has also opened a new position during Q4 of 2013, buying 3.39 million Kinder Morgan Inc (NYSE:KMI) shares, reportedly worth $122 million.

Disclosure: none.

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