Economy

Viacom, Inc. (VIAB) Stake Raised by Toronto Dominion Bank

Rafferty Asset Management Llc sold 92,375 shares as the company's stock declined 19.98% while stock markets rallied. The hedge fund run by Brett Barakett held 4.38M shares of the television services company at the end of 2017Q3, valued at $121.98M, up from 3.92M at the end of the previous reported quarter.

Other large investors have also made changes to their positions in the company. The NASDAQ listed company saw a recent bid of $33.05 and 1840000 shares have traded hands in the session. About 5.26 million shares traded or 4.65% up from the average. Looking at the stock's movement on the chart, Viacom, Inc. recorded a 52-week high of $46.72. It has underperformed by 25.06% the S&P500. The company reported $1.03 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.94 by $0.09. Virtu Financial Llc who had been investing in Barrick Gold Corp for a number of months, seems to be bullish on the $14.58 billion market cap company. The stock increased 1.23% or $0.08 during the last trading session, reaching $6.56. The Clearline Capital Lp holds 357,313 shares with $9.95 million value, down from 478,742 last quarter. Wall Street Access Asset Management LLC acquired a new position in Viacom in the 4th quarter valued at $212,000.

American International Group Inc. boosted its holdings in Viacom, Inc.

The correct version of this news story can be viewed at https://baseballnewssource.com/markets/american-international-group-inc-has-16-43-million-stake-in-viacom-inc-viab/1895677.html. Therefore 31% are positive.

VIA has been the subject of a number of analyst reports. On Friday, July 28 the stock rating was maintained by Jefferies with "Buy". A frequently used tool among technical stock analysts is the moving average. The rating was maintained by Barrington Research with "Outperform" on Thursday, August 13. The company was maintained on Friday, August 4 by Barclays Capital. The ex-dividend date of this dividend was Thursday, September 14th. The company was maintained on Monday, April 10 by FBR Capital. Out of the covering analysts polled by Zacks Research, 6 have put a Strong Buy or Buy rating on the stock. Topeka Capital Markets maintained Viacom, Inc. (NASDAQ:VIAB), 12 have Buy rating, 2 Sell and 25 Hold. Viacom Inc Cl B (VIAB)'s Williams %R presently stands at -23.58. "(VIAB)" was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. The Mass Index indicator helps traders identify price reversals based on the difference between the high and low in each interval. VIAB's profit will be $325.30M for 10.45 P/E if the $0.79 EPS becomes a reality. On average, analysts anticipate that Viacom will post $3.85 EPS for the current year.

Virtu Financial Llc, which manages about $618.84M US Long portfolio, decreased its stake in Proshares Tr by 51,321 shares to 33,666 shares, valued at $981,000 in 2017Q3, according to the filing. They expect $2.73 earnings per share, up 35.82% or $0.72 from last year's $2.01 per share. This is the consensus target based on projections provided by the covering analysts polled. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company's stock valued at $1,118,000 after buying an additional 8,932 shares during the period. Therefore 89% are positive. Cowen reiterated a neutral rating on shares of Viacom in a research report on Friday, November 17th. The firm has "Neutral" rating given on Tuesday, March 15 by JP Morgan. (NASDAQ:VIAB) earned "Market Perform" rating by Wells Fargo on Friday, August 7. The stock has "Buy" rating by Hilliard Lyons on Tuesday, February 9. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay closer attention to see if there will be a breakthrough that level. The firm earned "Hold" rating on Monday, October 31 by Mackie. Loop Capital restated a "hold" rating and set a $27.00 target price (down previously from $28.00) on shares of Viacom in a research report on Wednesday, December 27th. Standpoint Research downgraded The Boeing Company (NYSE:BA) rating on Wednesday, October 26.



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