As Viacom INC (VIAB) Valuation Declined, S Muoio & Company Increased Position

May 17, 2018 - By Christine McCrea

Viacom, Inc. (NASDAQ:VIAB) Logo

S Muoio & Company increased its stake in Viacom Inc (VIAB) by 92.77% based on its latest 2017Q4 regulatory filing with the SEC. S Muoio & Company bought 165,877 shares as the company’s stock declined 4.65% with the market. The institutional investor held 344,681 shares of the television services company at the end of 2017Q4, valued at $10.62M, up from 178,804 at the end of the previous reported quarter. S Muoio & Company who had been investing in Viacom Inc for a number of months, seems to be bullish on the $11.56B market cap company. The stock decreased 0.44% or $0.12 during the last trading session, reaching $28.15. About 8.03 million shares traded or 151.47% up from the average. Viacom, Inc. (NASDAQ:VIAB) has declined 30.65% since May 17, 2017 and is downtrending. It has underperformed by 42.20% the S&P500.

More recent Viacom, Inc. (NASDAQ:VIAB) news were published by: Investorplace.com which released: “Viacom, Inc.’s Earnings Beat Isn’t Reason To Celebrate” on April 25, 2018. Also Nasdaq.com published the news titled: “Why Viacom, Synchronoss Technologies, and DHX Media Slumped Today” on May 14, 2018. Streetinsider.com‘s news article titled: “Viacom (VIAB) bid ask spreads wide into Delaware Chancery Court Judge Andre Bouchard ruling” with publication date: May 17, 2018 was also an interesting one.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Among 15 analysts covering Viacom Inc (NASDAQ:VIAB), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. Viacom Inc had 18 analyst reports since November 20, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, February 8 by Guggenheim. The rating was maintained by KeyBanc Capital Markets with “Hold” on Monday, November 20. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by RBC Capital Markets on Friday, February 9. On Monday, February 5 the stock rating was maintained by Cowen & Co with “Hold”. Citigroup upgraded Viacom, Inc. (NASDAQ:VIAB) on Wednesday, March 28 to “Hold” rating. Barrington downgraded Viacom, Inc. (NASDAQ:VIAB) on Tuesday, January 2 to “Hold” rating. The firm has “Neutral” rating by Macquarie Research given on Wednesday, February 28. Wells Fargo maintained it with “Hold” rating and $32.0 target in Thursday, January 4 report. Deutsche Bank upgraded it to “Hold” rating and $25.0 target in Monday, November 20 report. Piper Jaffray maintained the shares of VIAB in report on Friday, February 9 with “Hold” rating.

Viacom, Inc. (NASDAQ:VIAB) Ratings Chart

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