Short Interest Watching: Cbs Corporation Class B (NYSE:CBS)’s Trend Unknown, Especially After Increased Shorts

November 28, 2016 - By Richard Conner   ·   0 Comments

Short Interest Watching: Cbs Corporation Class B (NYSE:CBS)’s Trend Unknown, Especially After Increased Shorts

The stock of Cbs Corporation Class B (NYSE:CBS) registered an increase of 1.22% in short interest. CBS’s total short interest was 20.30 million shares in November as published by FINRA. Its up 1.22% from 20.06M shares, reported previously. With 4.95M shares average volume, it will take short sellers 4 days to cover their CBS’s short positions. The short interest to Cbs Corporation Class B’s float is 5.05%. About 2.00 million shares traded hands. CBS Corporation (NYSE:CBS) has risen 8.23% since April 25, 2016 and is uptrending. It has outperformed by 2.21% the S&P500.

CBS Corporation is a mass media company. The company has a market cap of $28.71 billion. The Company’s divisions include Entertainment, Cable Networks, Publishing and Local Broadcasting. It has a 16.65 P/E ratio. The Company’s Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group ; CBS Interactive, and CBS Films.

Insitutional Activity: The institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.02, from 0.89 in 2016Q1. The ratio increased, as 50 funds sold all CBS Corporation shares owned while 234 reduced positions. 52 funds bought stakes while 201 increased positions. They now own 282.48 million shares or 8.70% less from 309.41 million shares in 2016Q1.
Lba Wealth Limited Liability Corp has 0.28% invested in the company for 9,166 shares. Diam Co has invested 0.08% of its portfolio in CBS Corporation (NYSE:CBS). Alkeon Capital Mngmt Lc accumulated 4,370 shares or 0% of the stock. Brick Kyle Associate has 0% invested in the company for 104 shares. The North Carolina-based Cap Inv Counsel has invested 0.14% in CBS Corporation (NYSE:CBS). Brinker Capital Inc holds 0.05% or 11,181 shares in its portfolio. Jpmorgan Chase & accumulated 0.17% or 12.66M shares. Korea Inv holds 0.33% of its portfolio in CBS Corporation (NYSE:CBS) for 1.01 million shares. Cibc Corp, a New York-based fund reported 1.33 million shares. The Ohio-based Osborn Rohs Williams And Donohoe has invested 0.11% in CBS Corporation (NYSE:CBS). Tci Wealth Advsr last reported 0.1% of its portfolio in the stock. Wetherby Asset accumulated 0.16% or 12,892 shares. Verition Fund Ltd owns 4,187 shares or 0.03% of their US portfolio. Liberty Mutual Grp Asset Mgmt last reported 0.08% of its portfolio in the stock. Oregon Pub Employees Retirement Fund owns 114,768 shares or 0.14% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 9 sales for $5.46 million net activity. Ambrosio Anthony G had sold 15,120 shares worth $841,029 on Tuesday, October 4. CALIFANO JOSEPH A also sold $266,151 worth of CBS Corporation (NYSE:CBS) on Wednesday, August 3. $87,909 worth of shares were sold by Goldberg Leonard on Friday, August 19.

CBS Corporation (NYSE:CBS) Ratings Coverage

Out of 21 analysts covering CBS Corp (NYSE:CBS), 16 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 76% are positive. CBS Corp has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 8. On Tuesday, May 3 the stock rating was maintained by Benchmark with “Buy”. Pivotal Research upgraded the stock to “Buy” rating in Thursday, August 6 report. Pacific Crest initiated CBS Corporation (NYSE:CBS) on Friday, October 9 with “Sector Weight” rating. On Thursday, September 22 the stock rating was downgraded by Telsey Advisory Group to “Market Perform”. Barclays Capital maintained CBS Corporation (NYSE:CBS) on Sunday, August 16 with “Hold” rating. The rating was maintained by Wedbush with “Outperform” on Friday, February 12. On Tuesday, August 18 the stock rating was maintained by Pivotal Research with “Buy”. Barclays Capital maintained it with “Equal-Weight” rating and $52 target price in Friday, August 14 report. As per Tuesday, October 4, the company rating was upgraded by UBS.

CBS Company Profile

CBS Corporation, incorporated on November 10, 1986, is a mass media company. The Firm operates through divisions, including Entertainment, Cable Networks, Publishing and Local Broadcasting. The Firm operates businesses, which span the media and entertainment industries, including the CBS Television Network, cable networks, content production and distribution, television and radio stations, Internet businesses, and consumer publishing.

More recent CBS Corporation (NYSE:CBS) news were published by: Prnewswire.com which released: “CBS Corporation Chairman And Chief Executive Officer Leslie Moonves To …” on November 28, 2016. Also Prnewswire.com published the news titled: “CBS Corporation Reports Third Quarter 2016 Results” on November 03, 2016. Reuters.com‘s news article titled: “BRIEF-CBS corporation announces quarterly dividend” with publication date: November 22, 2016 was also an interesting one.

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By Richard Conner

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