BlackRock Trims Viasat Stake to 17.0% as of Dec 31, 2023
Ticker: VSAT · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 797721
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-change
TL;DR
**BlackRock slightly cut its Viasat stake to 17.0% as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership in Viasat Inc. as of December 31, 2023. This amendment, number 18, indicates that BlackRock Inc. holds 15,361,869 shares of Viasat's Common Stock, representing 17.0% of the class. This matters to investors because BlackRock, a major institutional investor, has slightly decreased its stake from the previously reported 17.1% (as of December 31, 2022), signaling a minor shift in their conviction or portfolio allocation for Viasat.
Why It Matters
A slight reduction in ownership by a major institutional investor like BlackRock could suggest a minor re-evaluation of Viasat's prospects, potentially influencing other investors' perceptions of the stock.
Risk Assessment
Risk Level: low — The change in ownership is minor and does not indicate a significant shift in BlackRock's overall investment strategy for Viasat.
Analyst Insight
Investors should note BlackRock's continued significant, albeit slightly reduced, stake in Viasat, but consider it a minor portfolio adjustment rather than a strong bullish or bearish signal.
Key Numbers
- 15,361,869 — Shares Beneficially Owned (This is the total number of Viasat Common Stock shares BlackRock Inc. reported owning.)
- 17.0% — Percentage of Class (This represents BlackRock Inc.'s total ownership percentage of Viasat's Common Stock as of December 31, 2023.)
- 18 — Amendment Number (This indicates how many times BlackRock Inc. has amended its Schedule 13G filing for Viasat Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Viasat Inc. (company) — the subject company whose securities are being reported
- 15,361,869 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock Inc.
- 17.0% (dollar_amount) — percentage of Viasat Inc.'s class of securities beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event which requires the filing of this statement
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially slightly reduced, stake in Viasat Inc. over the next year. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 18) by BlackRock Inc. to report its beneficial ownership of Viasat Inc. Common Stock as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of Viasat Inc. Common Stock does BlackRock Inc. beneficially own as of the reporting date?
As of December 31, 2023, BlackRock Inc. beneficially owns 15,361,869 shares of Viasat Inc. Common Stock.
What percentage of Viasat Inc.'s Common Stock does BlackRock Inc. own?
BlackRock Inc. beneficially owns 17.0% of Viasat Inc.'s Common Stock as of December 31, 2023.
When was this amended filing submitted to the SEC?
This amended SC 13G/A filing was submitted to the SEC on January 24, 2024.
What is the CUSIP number for Viasat Inc. Common Stock?
The CUSIP number for Viasat Inc. Common Stock is 92552V100.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding VIASAT INC (VSAT).