O Shaughnessy Asset Management LLC lifted its holdings in Viacom, Inc. (NASDAQ:VIAB) by 28.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 442,059 shares of the company’s stock after purchasing an additional 98,249 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Viacom were worth $14,924,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Viacom by 36,808.3% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock worth $134,000 after buying an additional 4,417 shares during the period. Commerce Bank purchased a new stake in shares of Viacom in the third quarter worth approximately $210,000. WINTON GROUP Ltd purchased a new stake in shares of Viacom in the third quarter worth approximately $212,000. Northstar Group Inc. purchased a new stake in shares of Viacom in the third quarter worth approximately $220,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of Viacom in the second quarter worth approximately $227,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.
Several equities research analysts have recently weighed in on the company. ValuEngine upgraded Viacom from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. TheStreet upgraded Viacom from a “c+” rating to a “b-” rating in a report on Friday, August 31st. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, October 12th. Finally, Barrington Research reiterated a “hold” rating on shares of Viacom in a report on Wednesday, August 15th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.50.
VIAB opened at $32.10 on Friday. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.12 and a beta of 1.40. Viacom, Inc. has a 52 week low of $22.13 and a 52 week high of $35.55. The company has a current ratio of 1.69, a quick ratio of 1.41 and a debt-to-equity ratio of 1.42.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 9th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.07 by $0.11. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.27 billion. Viacom had a return on equity of 23.53% and a net margin of 15.65%. Viacom’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. On average, equities research analysts forecast that Viacom, Inc. will post 4.1 EPS for the current fiscal year.
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Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.
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