Pg&E (PCG) Stake Lifted by Newtyn Management Llc; Viacom New Cl B (VIAB) Stock Price Declined While Thompson Investment Management Cut Its Holding

June 14, 2018 - By Richard Conner

Viacom, Inc. (NASDAQ:VIAB) Logo

Thompson Investment Management Inc decreased its stake in Viacom Inc New Cl B (VIAB) by 9.52% based on its latest 2018Q1 regulatory filing with the SEC. Thompson Investment Management Inc sold 23,133 shares as the company’s stock declined 18.83% with the market. The institutional investor held 219,780 shares of the television services company at the end of 2018Q1, valued at $6.83 million, down from 242,913 at the end of the previous reported quarter. Thompson Investment Management Inc who had been investing in Viacom Inc New Cl B for a number of months, seems to be less bullish one the $11.83B market cap company. The stock increased 2.95% or $0.82 during the last trading session, reaching $28.77. About 2.80 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 21.25% since June 14, 2017 and is downtrending. It has underperformed by 33.82% the S&P500. Some Historical VIAB News: 26/03/2018 – VIACOM IN PARTNERSHIP WITH TREVOR NOAH’S DAY ZERO PRODUCTIONS; 25/04/2018 – VIACOM INC – NOW EXPECT OVER $300 MLN IN RUN-RATE SAVINGS IN FISCAL 2019 RELATED TO COST TRANSFORMATION INITIATIVES; 06/03/2018 – Nickelodeon’s Blue’s Clues is Back, Remade for a New Generation of Preschoolers; 29/05/2018 – Shari Redstone’s endgame for CBS and Viacom is clear in this new complaint Combine the two and sell to the highest bidder. Verizon had flagged interest in Viacom as well as CBS according to sources; 18/05/2018 – ♫ Reuters Insider – CBS votes to end Redstone control; 24/04/2018 – Yahoo! UK: Viacom perseveres with Snapchat-exclusive TV shows; 14/05/2018 – Viacom Closes Below 200-Day Moving Average: Technicals; 17/05/2018 – There’s a new hit show on $CBS: Redstone and the Restless, a drama chronicling the never-ending power struggle for the so-called Tiffany Network and $VIAB; 05/03/2018 – VIACOM: OPTIMISTIC UK MARKET IS TURNING POSITIVE AGAIN; 18/05/2018 – The issues stem from Redstone’s efforts to try to reunite CBS with Viacom on terms rejected by Moonves

Noah Levy increased its stake in Pg&E Corp (PCG) by 4300% based on its latest 2018Q1 regulatory filing with the SEC. Newtyn Management Llc bought 2.15 million shares as the company’s stock rose 8.77% while stock markets declined. The hedge fund run by Noah Levy held 2.20M shares of the power generation company at the end of 2018Q1, valued at $96.65M, up from 50,000 at the end of the previous reported quarter. Newtyn Management Llc who had been investing in Pg&E Corp for a number of months, seems to be bullish on the $20.55B market cap company. The stock increased 1.07% or $0.42 during the last trading session, reaching $39.8. About 4.10 million shares traded. PG&E Corporation (NYSE:PCG) has declined 33.63% since June 14, 2017 and is downtrending. It has underperformed by 46.20% the S&P500. Some Historical PCG News: 24/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/24/2018 03:07 PM; 10/05/2018 – ForeFront Power to Develop First Community Solar Project for PG&E’s Regional Renewable Choice Program; 05/04/2018 – Cal EMA Spills: SPILL Report – PG&E – 04/05/2018 06:06 PM; 22/05/2018 – CORRECTING and REPLACING PG&E Highlights Importance of Reforming Wildfire Liability Policies as Part of California’s Focus on; 11/04/2018 – Cal EMA Spills: SPILL Report – PG&E – 04/11/2018 12:10 PM; 22/05/2018 – CORRECTING and REPLACING PG&E Highlights Importance of Reforming Wildfire Liability Policies as Part of California’s Focus on Clean Energy and Climate Resilience; 25/05/2018 – PG&E Notes Vegetation Management Program, Enhanced Measures Implemented After Jaunary 2014 Drought Proclamation; 09/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/09/2018 12:43 PM; 30/03/2018 – PG&E CORP-3 SEPARATE FILINGS REQUESTING TO PASS ALONG ABOUT $325 MLN/ YEAR IN FEDERAL TAX SAVINGS FROM FEDERAL TAX CUTS AND JOBS ACT FOR 2018, 2019; 23/03/2018 – CAISO Approves PG&E Oakland Clean Energy Initiative

Another recent and important Viacom, Inc. (NASDAQ:VIAB) news was published by Investorplace.com which published an article titled: “With or Without Time Warner, AT&T Stock Isn’t Worth Buying” on June 13, 2018.

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. The stock has “Hold” rating by BMO Capital Markets on Thursday, August 3. Loop Capital maintained the shares of VIAB in report on Friday, November 17 with “Hold” rating. Piper Jaffray maintained it with “Hold” rating and $36.0 target in Friday, February 9 report. The stock has “Outperform” rating by Wells Fargo on Friday, August 7. Wunderlich maintained the shares of VIAB in report on Friday, October 21 with “Buy” rating. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Hold” rating given on Monday, September 19 by Stifel Nicolaus. BMO Capital Markets maintained the stock with “Hold” rating in Monday, September 11 report. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Sector Weight” rating given on Friday, October 9 by Pacific Crest. The stock has “Underweight” rating by Atlantic Securities on Tuesday, February 23. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Mkt Perform” rating given on Monday, April 10 by FBR Capital.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on August, 2. They expect $1.08 EPS, down 7.69% or $0.09 from last year’s $1.17 per share. VIAB’s profit will be $444.13 million for 6.66 P/E if the $1.08 EPS becomes a reality. After $0.92 actual EPS reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

Thompson Investment Management Inc, which manages about $2.99 billion and $536.60 million US Long portfolio, upped its stake in Aflac Inc (NYSE:AFL) by 33,480 shares to 66,625 shares, valued at $2.92M in 2018Q1, according to the filing. It also increased its holding in General Elec Co (NYSE:GE) by 87,028 shares in the quarter, for a total of 782,633 shares, and has risen its stake in Fiserv Inc (NASDAQ:FISV).

Newtyn Management Llc, which manages about $728.74 million and $560.15M US Long portfolio, decreased its stake in Quality Care Pptys Inc by 300,000 shares to 1.50M shares, valued at $29.15M in 2018Q1, according to the filing. It also reduced its holding in Jbg Smith Pptys by 125,000 shares in the quarter, leaving it with 175,000 shares, and cut its stake in Altaba Inc.

More notable recent PG&E Corporation (NYSE:PCG) news were published by: Seekingalpha.com which released: “Summarizing PG&E’s Fire Situation In A Spreadsheet” on June 12, 2018, also Seekingalpha.com with their article: “Why PG&E Isn’t Getting Much California Love” published on June 02, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” on June 13, 2018. More interesting news about PG&E Corporation (NYSE:PCG) were released by: Streetinsider.com and their article: “PG&E Corporation (PCG) PT Lowered to $40 at Mizuho Securities” published on June 13, 2018 as well as Globenewswire.com‘s news article titled: “Pomerantz Law Firm Announces the Filing of a Class Action against PG&E Corporation and Certain Officers – PCG” with publication date: June 14, 2018.

Among 17 analysts covering PG&E Corporation (NYSE:PCG), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. PG&E Corporation had 58 analyst reports since July 30, 2015 according to SRatingsIntel. JP Morgan maintained PG&E Corporation (NYSE:PCG) rating on Tuesday, April 10. JP Morgan has “Overweight” rating and $51 target. The rating was maintained by J.P. Morgan with “Buy” on Monday, October 16. The rating was maintained by Jefferies on Friday, April 21 with “Buy”. On Sunday, September 17 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Mizuho with “Buy” on Wednesday, June 29. The stock of PG&E Corporation (NYSE:PCG) earned “Buy” rating by Jefferies on Thursday, July 13. The stock of PG&E Corporation (NYSE:PCG) has “Overweight” rating given on Friday, September 22 by Barclays Capital. The stock has “Hold” rating by Mizuho on Thursday, April 5. The rating was maintained by JP Morgan on Wednesday, February 21 with “Overweight”. Jefferies maintained it with “Buy” rating and $7500 target in Monday, June 12 report.

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By1 Richard Conner

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