Greatmark Investment Partners Inc. Invests $2.15 Million in Paramount Skydance Corporation $PSKY

Greatmark Investment Partners Inc. bought a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKYFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 113,483 shares of the company’s stock, valued at approximately $2,147,000.

A number of other large investors also recently bought and sold shares of the stock. Cullen Investment Group LTD. acquired a new stake in shares of Paramount Skydance during the 3rd quarter worth approximately $462,000. Czech National Bank acquired a new position in shares of Paramount Skydance in the 3rd quarter valued at $1,484,000. Wedmont Private Capital purchased a new stake in Paramount Skydance during the third quarter worth $261,000. Hedges Asset Management LLC purchased a new stake in Paramount Skydance during the third quarter worth $248,000. Finally, Contravisory Investment Management Inc. acquired a new stake in Paramount Skydance during the third quarter valued at $751,000. 73.00% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PSKY. Wells Fargo & Company upped their price objective on shares of Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Argus initiated coverage on Paramount Skydance in a research note on Monday, October 13th. They issued a “hold” rating and a $17.00 price target for the company. Evercore ISI increased their price target on Paramount Skydance from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 11th. Wall Street Zen upgraded Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. Finally, Benchmark upped their target price on Paramount Skydance from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus target price of $14.00.

Get Our Latest Research Report on Paramount Skydance

Paramount Skydance Trading Down 0.7%

Shares of Paramount Skydance stock opened at $11.70 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 1.16. Paramount Skydance Corporation has a twelve month low of $9.95 and a twelve month high of $20.86. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of -389.87 and a beta of 1.17. The company has a 50-day moving average of $13.72.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last announced its earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.79 billion. Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. Paramount Skydance’s revenue was up 0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS.

Paramount Skydance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were issued a $0.05 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. Paramount Skydance’s dividend payout ratio (DPR) is presently -666.67%.

About Paramount Skydance

(Free Report)

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.

Further Reading

Institutional Ownership by Quarter for Paramount Skydance (NASDAQ:PSKY)

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