Viacom, Inc. (VIA) Position Lowered by Pacific Heights Asset Management LLC
Pacific Heights Asset Management LLC decreased its holdings in Viacom, Inc. (NASDAQ:VIA) by 19.5% during the 4th quarter, HoldingsChannel reports. The fund owned 107,000 shares of the company’s stock after selling 26,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Viacom were worth $3,734,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in shares of Viacom by 3,470.8% in the second quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock worth $130,000 after acquiring an additional 3,332 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Viacom by 31.3% in the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock worth $167,000 after acquiring an additional 1,046 shares in the last quarter. Citigroup Inc. acquired a new position in shares of Viacom in the second quarter worth about $195,000. Berkshire Asset Management LLC PA acquired a new stake in Viacom during the fourth quarter valued at approximately $202,000. Finally, California Public Employees Retirement System acquired a new stake in Viacom during the third quarter valued at approximately $215,000. Institutional investors and hedge funds own 2.40% of the company’s stock.
Several analysts have issued reports on VIA shares. Loop Capital restated a “hold” rating and set a $27.00 price objective (down previously from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Rosenblatt Securities restated a “sell” rating and set a $45.00 price objective on shares of Viacom in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.00.
Viacom (NASDAQ:VIA) last announced its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter. Viacom had a return on equity of 28.95% and a net margin of 14.13%.
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Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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