Sterneck Capital Management Has Upped By $698,973 Its Viacom New (VIAB) Stake; Genesee & Wyoming (GWR) Shorts Down By 2.55%

December 8, 2017 - By Michael Collier

Sterneck Capital Management Llc increased Viacom Inc New (VIAB) stake by 25.69% reported in 2017Q2 SEC filing. Sterneck Capital Management Llc acquired 21,181 shares as Viacom Inc New (VIAB)’s stock declined 19.98%. The Sterneck Capital Management Llc holds 103,614 shares with $3.48 million value, up from 82,433 last quarter. Viacom Inc New now has $12.02B valuation. The stock decreased 1.32% or $0.39 during the last trading session, reaching $29.25. About 2.10M shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since December 8, 2016 and is downtrending. It has underperformed by 25.06% the S&P500.

Genesee & Wyoming Incorporated (NYSE:GWR) had a decrease of 2.55% in short interest. GWR’s SI was 3.60 million shares in December as released by FINRA. Its down 2.55% from 3.69M shares previously. With 352,500 avg volume, 10 days are for Genesee & Wyoming Incorporated (NYSE:GWR)’s short sellers to cover GWR’s short positions. The SI to Genesee & Wyoming Incorporated’s float is 5.95%. The stock increased 0.31% or $0.24 during the last trading session, reaching $78.72. About 74,037 shares traded. Genesee & Wyoming Inc. (NYSE:GWR) has risen 13.88% since December 8, 2016 and is uptrending. It has underperformed by 2.82% the S&P500.

Among 38 analysts covering Viacom Inc. (NASDAQ:VIAB), 12 have Buy rating, 3 Sell and 23 Hold. Therefore 32% are positive. Viacom Inc. had 120 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Sector Weight” rating given on Friday, October 9 by Pacific Crest. As per Thursday, February 9, the company rating was upgraded by Drexel Hamilton. The company was maintained on Friday, August 25 by KeyBanc Capital Markets. The company was downgraded on Monday, April 4 by MoffetNathanson. The rating was maintained by Morgan Stanley with “Overweight” on Monday, January 30. Deutsche Bank upgraded it to “Hold” rating and $25.0 target in Monday, November 20 report. The firm earned “Hold” rating on Thursday, July 13 by BMO Capital Markets. UBS maintained the shares of VIAB in report on Monday, June 20 with “Buy” rating. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, February 5. As per Tuesday, June 6, the company rating was maintained by RBC Capital Markets.

Genesee & Wyoming Inc. owns and leases freight railroads. The company has market cap of $4.91 billion. It operates through three divisions: North American Operations, Australian Operations, and U.K./European Operations. It has a 36.99 P/E ratio. The firm transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.

Among 11 analysts covering Genesee & Wyoming Inc. (NYSE:GWR), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Genesee & Wyoming Inc. had 37 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Genesee & Wyoming Inc. (NYSE:GWR) has “Outperform” rating given on Wednesday, November 2 by Cowen & Co. Cowen & Co maintained Genesee & Wyoming Inc. (NYSE:GWR) rating on Tuesday, October 31. Cowen & Co has “Buy” rating and $81.0 target. The company was upgraded on Monday, November 2 by Macquarie Research. RBC Capital Markets maintained the shares of GWR in report on Wednesday, April 12 with “Hold” rating. The rating was maintained by Cowen & Co on Friday, October 21 with “Outperform”. Bank of America upgraded Genesee & Wyoming Inc. (NYSE:GWR) on Monday, February 22 to “Neutral” rating. The stock of Genesee & Wyoming Inc. (NYSE:GWR) earned “Buy” rating by Cowen & Co on Tuesday, September 12. On Thursday, July 6 the stock rating was maintained by RBC Capital Markets with “Hold”. Morgan Stanley downgraded Genesee & Wyoming Inc. (NYSE:GWR) rating on Tuesday, February 23. Morgan Stanley has “Equal-Weight” rating and $58 target. Cowen & Co maintained Genesee & Wyoming Inc. (NYSE:GWR) rating on Tuesday, August 4. Cowen & Co has “Outperform” rating and $89 target.

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