Renaissance Technologies LLC Purchases 695000 Shares of Viacom, Inc. (VIAB)

Renaissance Technologies LLC boosted its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 317.2% during the 3rd quarter, according to the …

Viacom logoRenaissance Technologies LLC boosted its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 317.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 914,100 shares of the company’s stock after buying an additional 695,000 shares during the period. Renaissance Technologies LLC owned 0.23% of Viacom worth $30,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of Viacom by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 112,403 shares of the company’s stock valued at $3,795,000 after acquiring an additional 1,605 shares in the last quarter. HPM Partners LLC lifted its position in shares of Viacom by 15.7% in the second quarter. HPM Partners LLC now owns 12,731 shares of the company’s stock valued at $384,000 after acquiring an additional 1,732 shares in the last quarter. Accuvest Global Advisors lifted its position in shares of Viacom by 7.8% in the third quarter. Accuvest Global Advisors now owns 24,426 shares of the company’s stock valued at $825,000 after acquiring an additional 1,757 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Viacom by 6.9% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 31,369 shares of the company’s stock valued at $946,000 after acquiring an additional 2,020 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its position in shares of Viacom by 9.2% in the third quarter. Hussman Strategic Advisors Inc. now owns 27,300 shares of the company’s stock valued at $922,000 after acquiring an additional 2,300 shares in the last quarter. 78.71% of the stock is currently owned by institutional investors.

NASDAQ:VIAB traded up $0.11 during trading hours on Friday, reaching $29.44. 2,142,594 shares of the stock were exchanged, compared to its average volume of 4,498,136. The company has a quick ratio of 1.28, a current ratio of 1.50 and a debt-to-equity ratio of 1.27. The company has a market cap of $11.68 billion, a PE ratio of 7.15, a P/E/G ratio of 1.07 and a beta of 1.41. Viacom, Inc. has a 52 week low of $23.31 and a 52 week high of $35.55.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Friday, November 16th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Viacom had a return on equity of 23.68% and a net margin of 13.28%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. As a group, sell-side analysts expect that Viacom, Inc. will post 4.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, December 14th. Viacom’s payout ratio is 19.42%.

Several research firms recently commented on VIAB. ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. TheStreet lowered Viacom from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. BidaskClub upgraded Viacom from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Zacks Investment Research lowered Viacom from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Finally, Imperial Capital upgraded Viacom from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $37.00 in a research note on Friday. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.40.

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About Viacom

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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Paramount Group Inc (PGRE) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Paramount Group Inc (NYSE:PGRE) by 308.4% in the third quarter, according to the company …

Paramount Group logoRenaissance Technologies LLC boosted its position in Paramount Group Inc (NYSE:PGRE) by 308.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,579,600 shares of the financial services provider’s stock after purchasing an additional 1,192,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.67% of Paramount Group worth $23,836,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PGRE. Tower Research Capital LLC TRC bought a new stake in Paramount Group during the 2nd quarter valued at approximately $124,000. Cadence Capital Management LLC bought a new stake in Paramount Group during the 2nd quarter valued at approximately $155,000. People s United Financial Inc. bought a new stake in Paramount Group during the 2nd quarter valued at approximately $232,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Paramount Group during the 3rd quarter valued at approximately $277,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Paramount Group in the 2nd quarter worth approximately $293,000. Institutional investors and hedge funds own 65.85% of the company’s stock.

PGRE has been the topic of a number of research reports. ValuEngine downgraded Paramount Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Zacks Investment Research downgraded Paramount Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.70.

Shares of PGRE stock traded up $0.17 during mid-day trading on Monday, hitting $12.66. The stock had a trading volume of 674,800 shares, compared to its average volume of 1,083,575. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 3.56 and a beta of 0.75. The company has a current ratio of 4.57, a quick ratio of 4.57 and a debt-to-equity ratio of 0.71. Paramount Group Inc has a 12-month low of $12.18 and a 12-month high of $16.05.

Paramount Group (NYSE:PGRE) last released its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). Paramount Group had a negative return on equity of 0.06% and a negative net margin of 0.40%. The company had revenue of $192.60 million during the quarter, compared to the consensus estimate of $191.24 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Research analysts predict that Paramount Group Inc will post 0.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, December 28th. Paramount Group’s dividend payout ratio is currently 44.94%.

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Paramount Group Company Profile

Headquartered in New York City, Paramount Group, Inc is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, DC and San Francisco.

Read More: How Do You Calculate Return on Equity (ROE)?

Institutional Ownership by Quarter for Paramount Group (NYSE:PGRE)

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Shell Asset Management Co. Sells 5386 Shares of Viacom, Inc. (VIAB)

WINTON GROUP Ltd purchased a new stake in Viacom during the 3rd quarter valued at about $212,000. ClariVest Asset Management LLC …

Viacom logoShell Asset Management Co. lowered its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 18.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,173 shares of the company’s stock after selling 5,386 shares during the period. Shell Asset Management Co.’s holdings in Viacom were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Viacom by 36,808.3% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock worth $134,000 after purchasing an additional 4,417 shares in the last quarter. Commerce Bank purchased a new stake in Viacom during the 3rd quarter valued at about $210,000. WINTON GROUP Ltd purchased a new stake in Viacom during the 3rd quarter valued at about $212,000. ClariVest Asset Management LLC purchased a new stake in Viacom during the 3rd quarter valued at about $215,000. Finally, Northstar Group Inc. purchased a new stake in Viacom during the 3rd quarter valued at about $220,000. 78.77% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. B. Riley dropped their price objective on shares of Viacom from $39.00 to $30.00 in a research note on Friday. TheStreet lowered shares of Viacom from a “b-” rating to a “c+” rating in a report on Wednesday. BidaskClub lowered shares of Viacom from a “hold” rating to a “sell” rating in a report on Friday, December 21st. ValuEngine lowered shares of Viacom from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Finally, Wolfe Research assumed coverage on shares of Viacom in a report on Friday, December 7th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.70.

NASDAQ VIAB opened at $25.89 on Friday. The firm has a market capitalization of $10.43 billion, a P/E ratio of 6.28, a P/E/G ratio of 0.95 and a beta of 1.42. The company has a current ratio of 1.50, a quick ratio of 1.28 and a debt-to-equity ratio of 1.27. Viacom, Inc. has a 12 month low of $23.31 and a 12 month high of $35.55.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Friday, November 16th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.04. Viacom had a net margin of 13.28% and a return on equity of 23.68%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the business earned $0.77 EPS. Viacom’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts forecast that Viacom, Inc. will post 4.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, December 14th. Viacom’s dividend payout ratio (DPR) is presently 19.42%.

ILLEGAL ACTIVITY WARNING: “Shell Asset Management Co. Sells 5,386 Shares of Viacom, Inc. (VIAB)” was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.fairfieldcurrent.com/news/2018/12/30/viacom-inc-viab-holdings-reduced-by-shell-asset-management-co.html.

Viacom Profile

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.

Featured Article: Understanding each part of a balance sheet

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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Investors Sell Paramount Group (PGRE) on Strength (PGRE)

Vanguard Group Inc. boosted its holdings in Paramount Group by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 30,802,997 shares of the …

Paramount Group logoInvestors sold shares of Paramount Group Inc (NYSE:PGRE) on strength during trading on Thursday. $2.50 million flowed into the stock on the tick-up and $58.56 million flowed out of the stock on the tick-down, for a money net flow of $56.06 million out of the stock. Of all stocks tracked, Paramount Group had the 0th highest net out-flow for the day. Paramount Group traded up $0.04 for the day and closed at $14.14

Several brokerages recently commented on PGRE. Zacks Investment Research raised shares of Paramount Group from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. ValuEngine downgraded shares of Paramount Group from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Finally, Deutsche Bank lifted their target price on shares of Paramount Group from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.70.

The firm has a market capitalization of $3.35 billion, a P/E ratio of 15.20, a PEG ratio of 5.10 and a beta of 0.68. The company has a current ratio of 4.57, a quick ratio of 4.57 and a debt-to-equity ratio of 0.71.

Paramount Group (NYSE:PGRE) last announced its earnings results on Monday, November 5th. The financial services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $192.60 million for the quarter, compared to the consensus estimate of $191.24 million. Paramount Group had a negative return on equity of 0.06% and a negative net margin of 0.40%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. Equities analysts predict that Paramount Group Inc will post 0.94 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Paramount Group by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 30,802,997 shares of the financial services provider’s stock valued at $464,817,000 after purchasing an additional 1,144,629 shares during the period. Morgan Stanley boosted its holdings in Paramount Group by 6.4% in the 3rd quarter. Morgan Stanley now owns 8,551,935 shares of the financial services provider’s stock valued at $129,048,000 after purchasing an additional 517,614 shares during the period. Legal & General Group Plc boosted its holdings in Paramount Group by 0.3% in the 3rd quarter. Legal & General Group Plc now owns 1,766,086 shares of the financial services provider’s stock valued at $26,650,000 after purchasing an additional 4,593 shares during the period. Nordea Investment Management AB bought a new stake in Paramount Group in the 3rd quarter valued at about $4,533,000. Finally, TIAA CREF Investment Management LLC boosted its holdings in Paramount Group by 3.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 880,001 shares of the financial services provider’s stock valued at $13,279,000 after purchasing an additional 25,603 shares during the period. 65.76% of the stock is owned by hedge funds and other institutional investors.

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About Paramount Group (NYSE:PGRE)

Headquartered in New York City, Paramount Group, Inc is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, DC and San Francisco.

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US movie theatre chains fear Justice Department review may hit profits

The biggest U.S. movie theatre companies include AMC Entertainment, Regal Entertainment owned by Britain’s Cineworld and Cinemark. All of the …

WASHINGTON (Reuters) – U.S. movie theater chains fear that a Justice Department review of little-known mid-century rules may result in studios getting free rein to force them to show unpopular movies in exchange for getting blockbuster releases, threatening their profits.

A group of men gather in front of a poster advertising the film “Black Panther” on its opening night of screenings at the AMC Magic Johnson Harlem 9 cinemas in Manhattan, New York, U.S., February 15, 2018. REUTERS/Andrew Kelly

Before the rules went into effect, studios commonly sold multiple films to theaters as a package. The U.S. Supreme Court in 1948 ruled against the practice, called “block booking,” and others that favored studios, leading the plaintiff, Paramount Pictures, Inc, and its peers to sign consent decrees over the next few years with the Justice Department that banned such deals.

The department announced in August it was reviewing some 1,300 such decrees affecting a range of industries, which have no expiration date, with an eye toward cancelling them.

The agreements regulating relations between movie studios and theaters, which the industry calls the Paramount consent decrees, were reached in the late 1940s and early 1950s when movie theaters had just one screen, televisions were not universal, and online streaming was decades into the future.

“They’ll be able to get more of their duds played in your theaters,” said Brian Fridley, whose father started Iowa-based Fridley Theatres in the 1930s. “If you’re forced to play the less popular films, that’s going to eat up your profits. Maybe all your profits.”

Fridley said his chain of 20 movie theaters and 86 screens might be forced to show poor performers like 21st Century Fox’s “The Darkest Minds.” The dystopian teen movie made $13 million in the United States, compared with $700 million for “Black Panther,” according to Box Office Mojo.

Box office sales bring in a good chunk of theater revenues, even as viewers increasingly watch movies on television and online. For example, Viacom Inc (VIAB.O), which owns Paramount, said in an annual report that movies shown in theaters brought in 25 percent of its filmed entertainment revenues for 2017, while home entertainment brought in 26 percent and licensing brought in 40 percent.

The National Association of Theatre Owners (NATO), which represents movie theater companies with 33,000 screens across the United States, urged the department to forbid movie studios to return to the practice of block booking.

Justice Department officials believe the fears are overblown because it is not in studios’ financial interest to force theaters to show poor performing films, according to a person familiar with the government’s thinking.

The Motion Picture Association of America declined to comment, referring Reuters to the studios. The six biggest U.S. film studios are Warner Bros, owned by AT&T (T.N); 21th Century Fox, which is selling its movie studio to rival Walt Disney Co (DIS.N); Paramount; Universal Pictures, which is owned by Comcast Corp (CMCSA.O); and Sony Pictures.

The biggest U.S. movie theater companies include AMC Entertainment (AMC.N), Regal Entertainment owned by Britain’s Cineworld (CINE.L) and Cinemark (CNK.N).

All of the studios and major movie theater companies either declined to comment or did not respond to requests for comment.

Reporting by Diane Bartz; Editing by Richard Chang

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