Russell Investments Group Ltd. increased its stake in shares of Viacom, Inc. (NASDAQ:VIA) by 56.1% in the third quarter, Holdings Channel.com reports. The fund owned 4,214 shares of the company’s stock after purchasing an additional 1,514 shares during the period. Russell Investments Group Ltd.’s holdings in Viacom were worth $111,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of VIA. Oppenheimer & Co. Inc. purchased a new position in Viacom during the 3rd quarter valued at approximately $254,000. California Public Employees Retirement System raised its holdings in shares of Viacom by 12.2% during the 3rd quarter. California Public Employees Retirement System now owns 9,337 shares of the company’s stock worth $245,000 after acquiring an additional 1,015 shares in the last quarter. Treasurer of the State of North Carolina bought a new position in shares of Viacom during the 2nd quarter valued at approximately $168,000. Royal Bank of Canada boosted its position in shares of Viacom by 6.2% during the 2nd quarter. Royal Bank of Canada now owns 10,021 shares of the company’s stock valued at $343,000 after acquiring an additional 589 shares during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of Viacom by 198.7% in the second quarter. Susquehanna International Group LLP now owns 7,794 shares of the company’s stock valued at $266,000 after purchasing an additional 15,694 shares in the last quarter. Hedge funds and other institutional investors own 1.98% of the company’s stock.
Shares of NASDAQ VIA opened at $26.11 on Friday. The firm’s 50-day moving average price is $25.31 and its 200-day moving average price is $29.92. The company has a current ratio of 1.38, a quick ratio of 1.18 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 6.43 and a beta of 1.35. Viacom, Inc. has a 12-month low of $23.18 and a 12-month high of $37.54.
Viacom Company 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.
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