Viacom INC New (VIAB) Valuation Declined While Tremblant Capital Group Has Lifted Stake

May 15, 2018 - By Marguerite Chambers

Viacom, Inc. (NASDAQ:VIAB) Logo

Brett Barakett increased its stake in Viacom Inc New (VIAB) by 3473.82% based on its latest 2017Q4 regulatory filing with the SEC. Tremblant Capital Group bought 4.39 million shares as the company’s stock declined 4.65% with the market. The hedge fund run by Brett Barakett held 4.52M shares of the television services company at the end of 2017Q4, valued at $139.29M, up from 126,500 at the end of the previous reported quarter. Tremblant Capital Group who had been investing in Viacom Inc New for a number of months, seems to be bullish on the $11.76 billion market cap company. The stock decreased 0.35% or $0.1 during the last trading session, reaching $28.64. About 1.63 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 30.65% since May 15, 2017 and is downtrending. It has underperformed by 42.20% the S&P500.

Tremblant Capital Group, which manages about $3.75 billion and $2.07B US Long portfolio, decreased its stake in Transdigm Group Inc (NYSE:TDG) by 14,933 shares to 150,086 shares, valued at $41.22 million in 2017Q4, according to the filing. It also reduced its holding in Jd Com Inc (NASDAQ:JD) by 484,446 shares in the quarter, leaving it with 449,235 shares, and cut its stake in Procter And Gamble Co (NYSE:PG).

More important recent Viacom, Inc. (NASDAQ:VIAB) news were published by: Nasdaq.com which released: “Why Viacom, Synchronoss Technologies, and DHX Media Slumped Today” on May 14, 2018, also Streetinsider.com published article titled: “Likelihood of CBS Corp. (CBS) & Viacom (VIAB) Combination Drops to 25% – Citi”, Streetinsider.com published: “CBS Corp. (CBS) Lawsuit Means All Out War, Rules Out Friendly Transaction with Viacom (VIAB) – CNBC” on May 14, 2018. More interesting news about Viacom, Inc. (NASDAQ:VIAB) was released by: Streetinsider.com and their article: “Viacom (VIAB) May option implied volatility increases after CBS (CBS) files suit against National Amusements” with publication date: May 14, 2018.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Among 18 analysts covering Viacom Inc (NASDAQ:VIAB), 4 have Buy rating, 0 Sell and 14 Hold. Therefore 22% are positive. Viacom Inc had 24 analyst reports since November 16, 2017 according to SRatingsIntel. The firm has “Hold” rating by Cowen & Co given on Monday, February 5. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Hold” rating given on Monday, February 12 by Deutsche Bank. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by Barrington on Tuesday, January 2. Atlantic Securities upgraded the shares of VIAB in report on Wednesday, February 14 to “Neutral” rating. The rating was maintained by Wells Fargo on Thursday, January 4 with “Hold”. RBC Capital Markets upgraded the shares of VIAB in report on Friday, February 9 to “Hold” rating. The stock has “Hold” rating by Loop Capital on Friday, November 17. The rating was maintained by Piper Jaffray on Friday, February 9 with “Hold”. Macquarie Research upgraded Viacom, Inc. (NASDAQ:VIAB) on Wednesday, February 28 to “Neutral” rating. The firm has “Buy” rating given on Friday, November 17 by UBS.

Viacom, Inc. (NASDAQ:VIAB) Ratings Chart

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