Permit Capital LLC Increased Viacom INC New (VIAB) Stake by $3.57 Million

Cornelia Mascio
Aprile 22, 2018

The firm acquired 7,981 shares of the company's stock, valued at approximately $246,000. About 9,441 shares traded. It has underperformed by 42.20% the S&P500.

According to 2017Q4 Securities and Exchange filling the Permit Capital Llc increased its stake in Viacom Inc New (VIAB) by 53.85%. The institutional investor held 51,604 shares of the television services company at the end of 2017Q4, valued at $1.59M, down from 78,334 at the end of the previous reported quarter. Clearline Capital Lp who had been investing in Viacom Inc New for a number of months, seems to be bullish on the $12.56 billion market cap company.

The stock decreased 0.34% or $0.05 during the last trading session, reaching $14.53. About 2.80M shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 30.65% since April 20, 2017 and is downtrending. It has underperformed by 11.55% the S&P500. The stock increased 0.31% or $0.03 during the last trading session, reaching $8. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. Therefore 33% are positive. As per Friday, June 30, the company rating was maintained by Canaccord Genuity. On Wednesday, February 28 the firm earned "Neutral" rating by Macquarie Research. Pivotal Research restated a "hold" rating and set a $34.00 price target on shares of Viacom in a research report on Tuesday. Loop Capital maintained Viacom, Inc. On Friday, November 17 the firm has "Buy" rating by Bank of America given. On Monday, January 9 the stock rating was upgraded by Guggenheim to "Buy".

Among 2 analysts covering CM Finance (NASDAQ:CMFN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Also, the Hold rating count is 0, as of 4/19/18. Citigroup initiated General Electric Company (NYSE:GE) on Thursday, January 21 with "Buy" rating. Shore Capital maintained the stock with "Buy" rating in Tuesday, December 13 report. On Monday, February 12 the rating was maintained by Deutsche Bank with "Hold". (NASDAQ:VIAB) to report earnings on April, 25 before the open. Macquarie Research has "Outperform" rating and GBX 130 target.

Investors sentiment decreased to 0.5 in 2017 Q4. In terms of volatility, it has a beta coefficient of 1.48 and technical analysis volatility indicator called Average True Range or ATR around 0.77.

In the transaction dated February 15, 2017, the great number of shares disposed came courtesy the EVP and CAO; Mills Scott disposed a total of 7,283 shares at an average price of $44.23, amounting to approximately $322,127. Trexquant Investment Lp stated it has 112,358 shares or 0.22% of all its holdings. Advisory invested in 0.08% or 14,517 shares.

Institutional investors now hold around $10.21 billion or 95.1% in VIAB stock. Integral Derivatives accumulated 0.05% or 147,217 shares. The active investment managers in our database now hold: 6.53 million shares, up from 6.26 million shares in 2017Q3. New Mexico Educational Retirement Board accumulated 832,172 shares. Private Management Group Inc owns 857,878 shares or 0.67% of their USA portfolio. Investors of record on Thursday, March 15th were given a dividend of $0.20 per share.

Since January 26, 2018, it had 1 insider purchase, and 0 selling transactions for $43,446 activity. That puts total institutional holdings at 326,625,970 shares, according to SEC filings. Permit Capital Llc has cut its stake in and also reduced its holding in by shares in the quarter, for a total of shares.

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