Viacom, Inc. (VIAB) Sees Large Decrease in Short Interest
Viacom, Inc. (NASDAQ:VIAB) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 19,823,540 shares, a decline of 10.3% from the April 15th total of 22,090,467 shares. Based on an average trading volume of 3,733,747 shares, the short-interest ratio is presently 5.3 days.
VIAB opened at $28.06 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.08. Viacom has a 1 year low of $23.31 and a 1 year high of $34.44. The firm has a market capitalization of $11.45 billion, a P/E ratio of 6.81, a PEG ratio of 0.99 and a beta of 1.45.
Viacom (NASDAQ:VIAB) last posted its earnings results on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. Viacom had a net margin of 12.63% and a return on equity of 22.60%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the business posted $0.92 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Viacom will post 3.99 earnings per share for the current fiscal year.
VIAB has been the subject of several research reports. Zacks Investment Research cut shares of Viacom from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. Barrington Research restated a “buy” rating and set a $35.00 price objective on shares of Viacom in a research note on Tuesday, February 5th. ValuEngine upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. BidaskClub cut shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 14th. Finally, Loop Capital upgraded shares of Viacom from a “hold” rating to a “buy” rating and lifted their price objective for the company from $33.00 to $35.00 in a research note on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $34.47.
Several institutional investors and hedge funds have recently bought and sold shares of VIAB. Pearl River Capital LLC acquired a new position in shares of Viacom in the 4th quarter valued at $26,000. Bruderman Asset Management LLC lifted its stake in shares of Viacom by 935.5% in the 4th quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock valued at $29,000 after purchasing an additional 1,029 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Viacom by 66.4% in the 4th quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock valued at $29,000 after purchasing an additional 446 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Viacom in the 1st quarter valued at $30,000. Finally, CWM LLC lifted its stake in shares of Viacom by 507.6% in the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 81.94% of the company’s stock.
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Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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