Viacom, Inc. (NASDAQ:VIAB) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 20,130,000 shares, an increase of 38.9% from the September 30th total of 14,490,000 shares. Based on an average daily trading volume, of 5,979,900 shares, the days-to-cover ratio is presently 3.4 days. Approximately 5.7% of the shares of the company are sold short.
Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Viacom by 786.0% in the second quarter. Bessemer Group Inc. now owns 4,368 shares of the company’s stock valued at $130,000 after purchasing an additional 3,875 shares during the last quarter. Nomura Holdings Inc. grew its position in shares of Viacom by 70.2% in the second quarter. Nomura Holdings Inc. now owns 469,244 shares of the company’s stock valued at $14,287,000 after purchasing an additional 193,467 shares during the last quarter. Empirical Finance LLC grew its position in shares of Viacom by 0.9% in the second quarter. Empirical Finance LLC now owns 86,807 shares of the company’s stock valued at $2,593,000 after purchasing an additional 754 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Viacom in the second quarter valued at approximately $375,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Viacom in the second quarter valued at approximately $368,000. 75.89% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the company. ValuEngine raised Viacom from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Barclays lowered their price target on Viacom from $33.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Sanford C. Bernstein lowered their price target on Viacom from $27.00 to $21.00 and set an “underperform” rating on the stock in a research report on Tuesday, September 3rd. Guggenheim reissued a “buy” rating on shares of Viacom in a research report on Wednesday, September 4th. Finally, BidaskClub raised Viacom from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.13.
Shares of Viacom stock traded down $0.51 on Wednesday, hitting $22.05. The stock had a trading volume of 7,772,200 shares, compared to its average volume of 4,797,778. Viacom has a twelve month low of $20.93 and a twelve month high of $33.35. The business’s 50 day moving average is $22.64 and its two-hundred day moving average is $27.10. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 0.76 and a beta of 1.35.
Viacom Company Profile
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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