Barrick Gold (ABX) Holder Virtu Financial Has Boosted Its Holding by $467,172 as Stock Value Declined; Viacom New (VIAB) Shareholder Rafferty Asset Management Has Cut Its Position

February 22, 2018 - By Ellis Scott

Rafferty Asset Management Llc decreased its stake in Viacom Inc New (VIAB) by 62.05% based on its latest 2017Q3 regulatory filing with the SEC. Rafferty Asset Management Llc sold 92,375 shares as the company’s stock declined 19.98% while stock markets rallied. The institutional investor held 56,505 shares of the television services company at the end of 2017Q3, valued at $1.57 million, down from 148,880 at the end of the previous reported quarter. Rafferty Asset Management Llc who had been investing in Viacom Inc New for a number of months, seems to be less bullish one the $13.60 billion market cap company. The stock decreased 2.80% or $0.95 during the last trading session, reaching $33.03. About 3.69 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since February 22, 2017 and is downtrending. It has underperformed by 25.06% the S&P500.

Virtu Financial Llc increased its stake in Barrick Gold Corp (ABX) by 182.18% based on its latest 2017Q3 regulatory filing with the SEC. Virtu Financial Llc bought 51,908 shares as the company’s stock declined 17.45% while stock markets rallied. The institutional investor held 80,400 shares of the precious metals company at the end of 2017Q3, valued at $728,000, up from 28,492 at the end of the previous reported quarter. Virtu Financial Llc who had been investing in Barrick Gold Corp for a number of months, seems to be bullish on the $14.58 billion market cap company. The stock decreased 1.48% or $0.19 during the last trading session, reaching $12.66. About 15.56M shares traded or 32.39% up from the average. Barrick Gold Corporation (NYSE:ABX) has declined 8.26% since February 22, 2017 and is downtrending. It has underperformed by 24.96% the S&P500.

Rafferty Asset Management Llc, which manages about $7.35 billion and $4.46B US Long portfolio, upped its stake in M & T Bk Corp (NYSE:MTB) by 5,585 shares to 27,050 shares, valued at $4.36M in 2017Q3, according to the filing. It also increased its holding in Micron Technology Inc (NASDAQ:MU) by 77,281 shares in the quarter, for a total of 369,965 shares, and has risen its stake in Schein Henry Inc (NASDAQ:HSIC).

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 12 have Buy rating, 2 Sell and 25 Hold. Therefore 31% are positive. Viacom Inc. had 131 analyst reports since August 7, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of VIAB in report on Monday, January 30 with “Overweight” rating. On Friday, November 17 the stock rating was maintained by UBS with “Buy”. Societe Generale upgraded the stock to “Buy” rating in Thursday, January 21 report. The firm has “Buy” rating by Jefferies given on Thursday, November 16. The company was maintained on Wednesday, February 24 by Topeka Capital Markets. On Thursday, September 22 the stock rating was maintained by UBS with “Buy”. On Monday, August 10 the stock rating was upgraded by TheStreet to “Buy”. The company was maintained on Monday, September 26 by Barclays Capital. RBC Capital Markets upgraded the stock to “Hold” rating in Friday, February 9 report. Topeka Capital Markets maintained Viacom, Inc. (NASDAQ:VIAB) rating on Monday, November 30. Topeka Capital Markets has “Hold” rating and $49 target.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on May, 3. They expect $0.79 EPS, 0.00% or $0.00 from last year’s $0.79 per share. VIAB’s profit will be $325.30M for 10.45 P/E if the $0.79 EPS becomes a reality. After $1.03 actual EPS reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts -23.30% negative EPS growth.

Virtu Financial Llc, which manages about $618.84M US Long portfolio, decreased its stake in Proshares Tr by 51,321 shares to 33,666 shares, valued at $981,000 in 2017Q3, according to the filing. It also reduced its holding in Spectra Energy Partners Lp (NYSE:SEP) by 26,807 shares in the quarter, leaving it with 16,990 shares, and cut its stake in Deutsche Bk Ag Ldn Brh (DZZ).

Among 24 analysts covering Barrick Gold Corp. (NYSE:ABX), 8 have Buy rating, 1 Sell and 15 Hold. Therefore 33% are positive. Barrick Gold Corp. had 83 analyst reports since August 6, 2015 according to SRatingsIntel. UBS maintained the stock with “Neutral” rating in Friday, November 3 report. The firm has “Buy” rating given on Friday, April 7 by Jefferies. The firm has “Neutral” rating given on Tuesday, March 15 by JP Morgan. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Equal Weight” rating by Barclays Capital on Friday, August 7. The company was initiated on Tuesday, February 16 by Clarkson Capital. On Thursday, October 12 the stock rating was maintained by TD Securities with “Hold”. The firm has “Buy” rating by RBC Capital Markets given on Monday, June 12. The firm earned “Hold” rating on Monday, October 31 by Mackie. BMO Capital Markets maintained it with “Hold” rating and $16.0 target in Monday, December 18 report. The company was downgraded on Wednesday, March 23 by Deutsche Bank.

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