Clearline Capital LP Increases Position in Viacom New (VIAB); Pennantpark Invt (PNNT) Shareholder Mckinley Capital Management Has Trimmed Holding as Stock Value Declined

May 21, 2018 - By reb123z

Viacom, Inc. (NASDAQ:VIAB) Logo

Marc Majzner increased its stake in Viacom Inc New (VIAB) by 32.57% based on its latest 2017Q4 regulatory filing with the SEC. Clearline Capital Lp bought 116,373 shares as the company’s stock declined 4.65% with the market. The hedge fund run by Marc Majzner held 473,686 shares of the television services company at the end of 2017Q4, valued at $14.59M, up from 357,313 at the end of the previous reported quarter. Clearline Capital Lp who had been investing in Viacom Inc New for a number of months, seems to be bullish on the $11.45 billion market cap company. The stock increased 1.47% or $0.3999 during the last trading session, reaching $27.6399. About 741,214 shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 30.65% since May 21, 2017 and is downtrending. It has underperformed by 42.20% the S&P500.

Robert B. Gillam decreased its stake in Pennantpark Invt Corp (PNNT) by 32.33% based on its latest 2017Q4 regulatory filing with the SEC. Mckinley Capital Management Inc sold 87,882 shares as the company’s stock declined 3.30% with the market. The hedge fund run by Robert B. Gillam held 183,906 shares of the company at the end of 2017Q4, valued at $1.27M, down from 271,788 at the end of the previous reported quarter. Mckinley Capital Management Inc who had been investing in Pennantpark Invt Corp for a number of months, seems to be less bullish one the $509.51M market cap company. The stock decreased 0.83% or $0.06 during the last trading session, reaching $7.17. About 54,294 shares traded. PennantPark Investment Corporation (NASDAQ:PNNT) has declined 13.46% since May 21, 2017 and is downtrending. It has underperformed by 25.01% the S&P500.

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 13 have Buy rating, 0 Sell and 26 Hold. Therefore 33% are positive. Viacom Inc. had 135 analyst reports since August 7, 2015 according to SRatingsIntel. As per Tuesday, January 2, the company rating was downgraded by Barrington. Telsey Advisory maintained Viacom, Inc. (NASDAQ:VIAB) on Thursday, November 10 with “Market Perform” rating. On Wednesday, March 28 the stock rating was upgraded by Citigroup to “Hold”. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Hold” rating given on Thursday, February 8 by Guggenheim. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Buy” rating given on Monday, June 12 by J.P. Morgan. Morgan Stanley maintained Viacom, Inc. (NASDAQ:VIAB) rating on Friday, October 13. Morgan Stanley has “Overweight” rating and $38 target. The firm earned “Hold” rating on Friday, August 7 by Topeka Capital Markets. The company was maintained on Friday, February 9 by Piper Jaffray. The rating was maintained by Morgan Stanley on Monday, January 30 with “Overweight”. The rating was maintained by UBS on Friday, November 17 with “Buy”.

More notable recent Viacom, Inc. (NASDAQ:VIAB) news were published by: Seekingalpha.com which released: “Viacom Inc. 2018 Q2 – Results – Earnings Call Slides” on April 25, 2018, also Benzinga.com with their article: “CBS Is A Buy Amid M&A Uncertainty, Bernstein Says In Upgrade” published on May 21, 2018, Businesswire.com published: “Pamela Kaufman Named President, Viacom/Nickelodeon Global Consumer Products” on May 21, 2018. More interesting news about Viacom, Inc. (NASDAQ:VIAB) were released by: Nasdaq.com and their article: “Why Viacom, Synchronoss Technologies, and DHX Media Slumped Today” published on May 14, 2018 as well as Investorplace.com‘s news article titled: “Viacom, Inc.’s Earnings Beat Isn’t Reason To Celebrate” with publication date: April 25, 2018.

Among 12 analysts covering Pennant Investment (NASDAQ:PNNT), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Pennant Investment had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, August 9. Ladenburg Thalmann downgraded the shares of PNNT in report on Thursday, February 9 to “Neutral” rating. As per Monday, July 24, the company rating was maintained by Keefe Bruyette & Woods. The company was maintained on Friday, November 3 by Jefferies. The rating was maintained by Jefferies with “Hold” on Friday, September 22. The rating was maintained by Keefe Bruyette & Woods on Thursday, October 26 with “Hold”. DA Davidson downgraded the shares of PNNT in report on Wednesday, July 27 to “Neutral” rating. The rating was upgraded by Ladenburg Thalmann to “Buy” on Tuesday, November 22. On Monday, July 18 the stock rating was downgraded by JP Morgan to “Neutral”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, June 23 report.

Analysts await PennantPark Investment Corporation (NASDAQ:PNNT) to report earnings on August, 6. They expect $0.17 EPS, down 5.56% or $0.01 from last year’s $0.18 per share. PNNT’s profit will be $12.08 million for 10.54 P/E if the $0.17 EPS becomes a reality. After $0.19 actual EPS reported by PennantPark Investment Corporation for the previous quarter, Wall Street now forecasts -10.53% negative EPS growth.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.20, from 0.98 in 2017Q3. It is positive, as 12 investors sold PNNT shares while 28 reduced holdings. 16 funds opened positions while 31 raised stakes. 26.98 million shares or 0.25% less from 27.05 million shares in 2017Q3 were reported. Natl Asset Management stated it has 17,388 shares. Stratos Wealth Prtnrs, a Ohio-based fund reported 6,852 shares. Private Advisor Gru Limited Company holds 17,458 shares. Arrowstreet Cap Partnership invested in 465,980 shares or 0.01% of the stock. Wedge Capital Mngmt L Ltd Partnership Nc accumulated 146,933 shares or 0.01% of the stock. Bbr Limited Liability Company invested 0.03% in PennantPark Investment Corporation (NASDAQ:PNNT). Illinois-based Arete Wealth Advsrs Ltd has invested 0.11% in PennantPark Investment Corporation (NASDAQ:PNNT). Old Second Comml Bank Of Aurora invested in 1,702 shares. Sterneck Cap Limited Liability Com stated it has 170,794 shares. 30,000 were accumulated by Optimum Investment Advsrs. Ltd Liability reported 0.18% stake. Moreover, Citadel Advisors Limited Liability Corp has 0% invested in PennantPark Investment Corporation (NASDAQ:PNNT) for 73,858 shares. 46,211 are owned by Cambridge Inv Rech Advsr. Stephens Inc Ar holds 0% in PennantPark Investment Corporation (NASDAQ:PNNT) or 15,143 shares. Bluecrest Capital holds 92,582 shares.

Mckinley Capital Management Inc, which manages about $8.13B and $1.98 billion US Long portfolio, upped its stake in Juno Therapeutics Inc (NASDAQ:JUNO) by 25,133 shares to 31,041 shares, valued at $1.42M in 2017Q4, according to the filing. It also increased its holding in Prospect Capital Corporation (NASDAQ:PSEC) by 136,232 shares in the quarter, for a total of 765,052 shares, and has risen its stake in Abbvie Inc (NYSE:ABBV).

PennantPark Investment Corporation (NASDAQ:PNNT) Institutional Positions Chart

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