Rhumbline Advisers lifted its position in Viacom, Inc. (NASDAQ:VIAB) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 596,953 shares of the company’s stock after purchasing an additional 9,660 shares during the quarter. Rhumbline Advisers’ holdings in Viacom were worth $18,392,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of VIAB. Lehman Financial Resources Inc. purchased a new position in shares of Viacom in the 4th quarter worth about $207,000. Hourglass Capital LLC purchased a new stake in Viacom during the 4th quarter valued at about $220,000. SeaCrest Wealth Management LLC purchased a new stake in Viacom during the 4th quarter valued at about $225,000. Marathon Trading Investment Management LLC purchased a new stake in Viacom during the 3rd quarter valued at about $237,000. Finally, Lourd Capital LLC purchased a new stake in Viacom during the 4th quarter valued at about $252,000. Hedge funds and other institutional investors own 79.92% of the company’s stock.
Several equities research analysts recently weighed in on VIAB shares. Wells Fargo & Co restated a “market perform” rating and set a $32.00 target price (up from $25.00) on shares of Viacom in a report on Thursday, January 4th. Zacks Investment Research cut Viacom from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. Credit Suisse Group set a $38.00 target price on Viacom and gave the company a “buy” rating in a report on Wednesday, November 1st. Barrington Research cut Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada upgraded Viacom from an “underperform” rating to a “sector perform” rating and set a $35.00 target price for the company in a report on Friday, February 9th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.92.
Viacom, Inc. (NASDAQ VIAB) opened at $33.74 on Friday. The company has a market capitalization of $14,180.00, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.54. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.52. Viacom, Inc. has a 52-week low of $22.13 and a 52-week high of $46.72.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. Viacom’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 EPS. equities research analysts forecast that Viacom, Inc. will post 4.04 earnings per share for the current fiscal year.
Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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