Viacom, Inc. (NASDAQ:VIAB) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 19,031,705 shares, an increase of 15.2% from the January 15th total of 16,516,682 shares. Based on an average trading volume of 4,281,978 shares, the days-to-cover ratio is presently 4.4 days.
Viacom stock traded down $0.66 during mid-day trading on Monday, hitting $28.53. The company had a trading volume of 3,263,711 shares, compared to its average volume of 4,407,050. The company has a current ratio of 1.31, a quick ratio of 1.10 and a debt-to-equity ratio of 1.12. Viacom has a 12-month low of $23.31 and a 12-month high of $34.58. The firm has a market cap of $11.76 billion, a PE ratio of 6.92, a P/E/G ratio of 0.84 and a beta of 1.48.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Tuesday, February 5th. The company reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.10. Viacom had a return on equity of 23.34% and a net margin of 11.60%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that Viacom will post 4.21 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in VIAB. United Services Automobile Association raised its stake in shares of Viacom by 25.3% during the 2nd quarter. United Services Automobile Association now owns 159,286 shares of the company’s stock worth $4,804,000 after buying an additional 32,213 shares during the period. Atria Investments LLC acquired a new position in shares of Viacom during the 3rd quarter worth approximately $288,000. Manning & Napier Group LLC raised its stake in shares of Viacom by 13.5% during the 3rd quarter. Manning & Napier Group LLC now owns 59,527 shares of the company’s stock worth $2,009,000 after buying an additional 7,083 shares during the period. Bank of Montreal Can raised its stake in shares of Viacom by 33.0% during the 3rd quarter. Bank of Montreal Can now owns 268,485 shares of the company’s stock worth $9,064,000 after buying an additional 66,546 shares during the period. Finally, Malaga Cove Capital LLC acquired a new position in shares of Viacom during the 3rd quarter worth approximately $603,000. Institutional investors and hedge funds own 80.52% of the company’s stock.
Several equities analysts have recently issued reports on VIAB shares. B. Riley cut their price objective on shares of Viacom from $39.00 to $30.00 in a report on Friday, December 28th. BidaskClub upgraded shares of Viacom from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Pivotal Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $36.00 in a report on Tuesday, January 15th. Barrington Research restated a “buy” rating and set a $35.00 price objective on shares of Viacom in a report on Tuesday, February 5th. Finally, TheStreet downgraded shares of Viacom from a “b-” rating to a “c+” rating in a report on Wednesday, December 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $34.56.
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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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