Viacom INC New (VIAB) Holder Aqr Capital Management LLC Has Trimmed Its Holding

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Aqr Capital Management Llc decreased its stake in Viacom Inc New (VIAB) by 2.34% based on its latest 2019Q2 regulatory filing with the SEC. Aqr Capital Management Llc sold 250,075 shares as the company’s stock rose 5.20% . The hedge fund held 10.43 million shares of the television services company at the end of 2019Q2, valued at $307.22M, down from 10.68M at the end of the previous reported quarter. Aqr Capital Management Llc who had been investing in Viacom Inc New for a number of months, seems to be less bullish one the $10.61 billion market cap company. The stock increased 0.08% or $0.02 during the last trading session, reaching $26.04. About 3.30M shares traded. Viacom Inc. (NASDAQ:VIAB) has risen 5.46% since September 13, 2018 and is uptrending. It has outperformed by 5.46% the S&P500.

Aqr Capital Management Llc, which manages about $89.62 billion US Long portfolio, upped its stake in Illinois Tool Wks Inc (NYSE:ITW) by 75,320 shares to 318,150 shares, valued at $47.98M in 2019Q2, according to the filing. It also increased its holding in Clean Harbors Inc (NYSE:CLH) by 227,507 shares in the quarter, for a total of 1.18 million shares, and has risen its stake in Jazz Pharmaceuticals Plc (NASDAQ:JAZZ).

Analysts await Viacom Inc. (NASDAQ:VIAB) to report earnings on November, 15. They expect $0.76 EPS, down 23.23 % or $0.23 from last year’s $0.99 per share. VIAB’s profit will be $309.57M for 8.57 P/E if the $0.76 EPS becomes a reality. After $1.20 actual EPS reported by Viacom Inc. for the previous quarter, Wall Street now forecasts -36.67 % negative EPS growth.

More notable recent Viacom Inc. (NASDAQ:VIAB) news were published by: Nasdaq.com which released: “Why Is Viacom (VIAB) Up 2.7% Since Last Earnings Report? – Nasdaq” on June 09, 2019, also Nasdaq.com with their article: “Viacom (VIAB) to Report Q3 Earnings: What’s in the Cards? – Nasdaq” published on August 06, 2019, Nasdaq.com published: “CBS and Viacom: It’s Not Enough to Compete With Disney or Netflix – Nasdaq” on August 19, 2019. More interesting news about Viacom Inc. (NASDAQ:VIAB) were released by: Nasdaq.com and their article: “Why Viacom (VIAB) Could Beat Earnings Estimates Again – Nasdaq” published on August 02, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why Viacom Inc.’s (NASDAQ:VIAB) Return On Capital Employed Is Impressive – Yahoo Finance” with publication date: July 24, 2019.

Viacom Inc. (NASDAQ:VIAB) Ratings Coverage

Among 5 analysts covering Viacom (NASDAQ:VIAB), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Viacom has $36 highest and $3100 lowest target. $34’s average target is 30.57% above currents $26.04 stock price. Viacom had 6 analyst reports since March 29, 2019 according to SRatingsIntel. The company was upgraded on Friday, March 29 by Loop Capital. RBC Capital Markets upgraded the shares of VIAB in report on Friday, April 5 to “Outperform” rating. The stock of Viacom Inc. (NASDAQ:VIAB) earned “Market Perform” rating by BMO Capital Markets on Thursday, May 16. Macquarie Research downgraded Viacom Inc. (NASDAQ:VIAB) rating on Wednesday, August 14. Macquarie Research has “Neutral” rating and $3100 target. The firm has “Buy” rating given on Wednesday, August 14 by Guggenheim.

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