Millennium Management LLC boosted its holdings in Viacom, Inc. (NASDAQ:VIA) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,686 shares of the company’s stock after purchasing an additional 1,003 shares during the period. Millennium Management LLC’s holdings in Viacom were worth $714,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of Viacom by 74.6% in the 4th quarter. Bank of America Corp DE now owns 61,307 shares of the company’s stock worth $1,704,000 after buying an additional 26,190 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Viacom during the fourth quarter valued at $300,000. Barclays PLC lifted its position in Viacom by 200.4% during the fourth quarter. Barclays PLC now owns 6,044 shares of the company’s stock valued at $168,000 after purchasing an additional 4,032 shares in the last quarter. Mackay Shields LLC lifted its position in Viacom by 761.2% during the fourth quarter. Mackay Shields LLC now owns 68,430 shares of the company’s stock valued at $1,903,000 after purchasing an additional 60,484 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Viacom by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 88,575 shares of the company’s stock valued at $2,465,000 after purchasing an additional 1,742 shares in the last quarter. 1.94% of the stock is currently owned by institutional investors and hedge funds.
VIA has been the topic of several analyst reports. Imperial Capital upgraded Viacom from an “in-line” rating to an “outperform” rating in a research report on Monday, January 14th. TheStreet upgraded Viacom from a “c+” rating to a “b-” rating in a research report on Wednesday, April 24th.
Viacom (NASDAQ:VIA) last released its earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.10. The company had revenue of $3.09 billion for the quarter. Viacom had a return on equity of 23.34% and a net margin of 11.60%.
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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