New York State Common Retirement Fund Has Increased By $1.19 Million Its Viacom Class B (VIAB) Stake; Straight Path Communications Class (NYSEMKT:STRP) Shorts Lowered By 4.27%

July 17, 2017 - By Michael Collier

New York State Common Retirement Fund increased Viacom Inc Class B (VIAB) stake by 4.54% reported in 2016Q4 SEC filing. New York State Common Retirement Fund acquired 34,100 shares as Viacom Inc Class B (VIAB)’s stock declined 19.98%. The New York State Common Retirement Fund holds 785,600 shares with $27.58 million value, up from 751,500 last quarter. Viacom Inc Class B now has $14.61B valuation. The stock rose 1.17% or $0.41 reaching $35.34 per share. About 2.59 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since July 17, 2016 and is downtrending. It has underperformed by 25.06% the S&P500.

Straight Path Communications Class (NYSEMKT:STRP) had a decrease of 4.27% in short interest. STRP’s SI was 1.68M shares in July as released by FINRA. Its down 4.27% from 1.76M shares previously. With 142,200 avg volume, 12 days are for Straight Path Communications Class (NYSEMKT:STRP)’s short sellers to cover STRP’s short positions. The SI to Straight Path Communications Class’s float is 25.08%. About 188,497 shares traded or 21.49% up from the average. Straight Path Communications Inc (NYSEMKT:STRP) has risen 435.39% since July 17, 2016 and is uptrending. It has outperformed by 418.69% the S&P500.

New York State Common Retirement Fund decreased Tetra Tech Inc (NASDAQ:TTEK) stake by 16,661 shares to 193,095 valued at $8.33 million in 2016Q4. It also reduced Avery Dennison Corp (NYSE:AVY) stake by 20,145 shares and now owns 232,855 shares. Csg Systems Intl Inc (NASDAQ:CSGS) was reduced too.

Among 33 analysts covering Viacom Inc. (NASDAQ:VIAB), 15 have Buy rating, 1 Sell and 17 Hold. Therefore 45% are positive. Viacom Inc. had 86 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 14 by Drexel Hamilton. The rating was maintained by Topeka Capital Markets with “Hold” on Friday, August 7. Wedbush maintained it with “Neutral” rating and $41 target in Monday, February 6 report. The stock has “Sell” rating by RBC Capital Markets on Friday, July 7. Topeka Capital Markets maintained Viacom, Inc. (NASDAQ:VIAB) on Wednesday, October 7 with “Hold” rating. The company was maintained on Friday, August 26 by Telsey Advisory Group. Stifel Nicolaus downgraded the shares of VIAB in report on Monday, September 19 to “Hold” rating. On Friday, November 13 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Outperform” rating given on Friday, February 5 by Telsey Advisory Group. Barclays Capital maintained it with “Overweight” rating and $46 target in Monday, September 26 report.

Investors sentiment increased to 0.93 in 2016 Q4. Its up 0.28, from 0.65 in 2016Q3. It improved, as 7 investors sold Straight Path Communications Inc shares while 22 reduced holdings. 10 funds opened positions while 17 raised stakes. 4.78 million shares or 20.33% more from 3.97 million shares in 2016Q3 were reported. Morgan Stanley invested in 42,054 shares. Gabelli Funds Limited Co has 6,629 shares for 0% of their portfolio. New York State Common Retirement Fund, a New York-based fund reported 9,500 shares. Barclays Public Limited Co invested in 0% or 347 shares. Price T Rowe Associates Md reported 0% stake. Metropolitan Life Ny accumulated 7,228 shares. Moreover, Creative Planning has 0% invested in Straight Path Communications Inc (NYSEMKT:STRP) for 66 shares. Gmt Cap holds 0.02% in Straight Path Communications Inc (NYSEMKT:STRP) or 29,906 shares. Swiss Natl Bank reported 14,700 shares. Solus Alternative Asset Management Lp has 1.94% invested in Straight Path Communications Inc (NYSEMKT:STRP). Susquehanna Group Incorporated Llp accumulated 42,267 shares. Tower Capital Llc (Trc) owns 200 shares or 0% of their US portfolio. Blackrock Institutional Trust Na holds 0% or 284,482 shares. Amer Gp Incorporated has 5,505 shares for 0% of their portfolio. Legal And General Public Ltd Co reported 1,464 shares.

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