Baupost Group Cuts Viasat Stake to 15.0% as of Dec 31, 2023
Ticker: VSAT · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 797721
Complexity: simple
Sentiment: bearish
Topics: institutional-ownership, stake-reduction, amendment, viasat
TL;DR
**Baupost Group just cut its Viasat stake to 15.0%, watch for potential stock impact.**
AI Summary
The Baupost Group, L.L.C., a prominent investment firm, filed an amended Schedule 13G/A on February 13, 2024, indicating a change in their ownership of Viasat, Inc. common stock as of December 31, 2023. This amendment (Amendment No. 11) shows that Baupost Group now beneficially owns 13,000,000 shares, representing 15.0% of Viasat's outstanding common stock. This matters to investors because a significant reduction in a major institutional holder's stake could signal a change in their outlook on the company's future performance, potentially influencing other investors' decisions.
Why It Matters
A large institutional investor like Baupost Group reducing its stake could suggest a less optimistic view on Viasat's future, potentially leading to downward pressure on the stock price.
Risk Assessment
Risk Level: medium — A significant reduction in ownership by a major institutional investor can sometimes precede a decline in stock value, posing a medium risk to current shareholders.
Analyst Insight
A smart investor would monitor Viasat's stock performance closely and research the reasons behind Baupost Group's reduced stake, considering if this signals a fundamental shift in Viasat's outlook before making any investment decisions.
Key Numbers
- 13,000,000 — Shares Beneficially Owned (This is the total number of Viasat common shares Baupost Group now owns, down from a previous filing.)
- 15.0% — Percentage of Class (This represents the current ownership percentage of Viasat's common stock by Baupost Group, indicating a reduced stake.)
- December 31, 2023 — Reporting Date (This is the effective date for the ownership data, showing the position at the end of the last quarter.)
- Amendment No. 11 — Filing Amendment Number (This indicates that Baupost Group has filed multiple updates to their ownership position in Viasat.)
Key Players & Entities
- The Baupost Group, L.L.C. (company) — reporting person and investment firm
- Viasat, Inc. (company) — subject company whose stock is being reported
- 13,000,000 (dollar_amount) — number of shares beneficially owned by Baupost Group
- 15.0% (dollar_amount) — percentage of Viasat's class of securities beneficially owned by Baupost Group
- December 31, 2023 (date) — date of the event requiring the filing
- February 13, 2024 (date) — filing date of the SC 13G/A amendment
Forward-Looking Statements
- Viasat's stock price may experience short-term volatility due to the reduced institutional ownership. (Viasat, Inc.) — medium confidence, target: Q1 2024
- Other institutional investors might re-evaluate their positions in Viasat following Baupost's reduced stake. (Institutional Investors) — low confidence, target: Q2 2024
FAQ
What is the primary purpose of this SC 13G/A filing by The Baupost Group, L.L.C.?
The primary purpose of this SC 13G/A filing is to amend their previous Schedule 13G filing, specifically Amendment No. 11, to report a change in their beneficial ownership of Viasat, Inc. common stock as of December 31, 2023.
How many shares of Viasat, Inc. common stock does The Baupost Group, L.L.C. beneficially own according to this filing?
According to this filing, The Baupost Group, L.L.C. beneficially owns 13,000,000 shares of Viasat, Inc. common stock.
What percentage of Viasat, Inc.'s common stock does The Baupost Group, L.L.C. now own?
The Baupost Group, L.L.C. now beneficially owns 15.0% of Viasat, Inc.'s class of common stock.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, indicating the ownership position at the end of the last calendar year.
What is the CUSIP number for Viasat, Inc. common stock as stated in the filing?
The CUSIP number for Viasat, Inc. common stock is 92552V100, as stated on the cover page of the filing.
Filing Stats: 1,598 words · 6 min read · ~5 pages · Grade level 6.2 · Accepted 2024-02-13 16:43:14
Filing Documents
- doc1.htm (SC 13G/A) — 113KB
- 0001567619-24-000195.txt ( ) — 114KB
, Item 4 and Item 7
Item 3, Item 4 and Item 7 This statement on Schedule 13G is being jointly filed by The Baupost Group, L.L.C. ("Baupost"), Baupost Group GP, L.L.C. ("BG GP") and Seth A. Klarman. Baupost is a registered investment adviser and acts as an investment adviser and general partner to various private investment limited partnerships. Securities reported on this statement on Schedule 13G as being beneficially owned by Baupost were purchased on behalf of certain of such partnerships. BG GP, as the Manager of Baupost, and Seth A. Klarman, as the Managing Member of BG GP and a controlling person of Baupost, may be deemed to have beneficial ownership under Section 13 of the Securities Exchange Act of 1934, as amended, of the securities beneficially owned by Baupost. Pursuant to Rule 13d-4, Seth A. Klarman and BG GP declare that the filing of this statement on Schedule 13G shall not be deemed an admission by either or both of them that they are, for the purposes of Section 13 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this statement on Schedule 13G. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)