Great Lakes Advisors LLC Buys Shares of 176,533 Paramount Skydance Corporation $PSKY

Great Lakes Advisors LLC purchased a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 176,533 shares of the company’s stock, valued at approximately $3,340,000.

A number of other institutional investors have also modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Paramount Skydance during the 3rd quarter valued at $39,000. Private Trust Co. NA acquired a new stake in Paramount Skydance in the 3rd quarter worth approximately $47,000. Sound Income Strategies LLC purchased a new position in Paramount Skydance in the 3rd quarter worth $49,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Paramount Skydance in the third quarter valued at about $67,000. Finally, Valley National Advisers Inc. purchased a new stake in Paramount Skydance in the third quarter valued at approximately $68,000. 73.00% of the stock is currently owned by institutional investors.

Paramount Skydance Stock Performance

NASDAQ:PSKY opened at $11.21 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 1 year low of $9.95 and a 1 year high of $20.86. The business has a fifty day simple moving average of $13.29. The stock has a market capitalization of $12.01 billion, a PE ratio of -373.54 and a beta of 1.17.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). Paramount Skydance had a positive return on equity of 3.95% and a negative net margin of 0.95%.The business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 0% on a year-over-year basis.

Paramount Skydance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. Paramount Skydance’s dividend payout ratio is presently -666.67%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PSKY shares. Benchmark raised their target price on Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wolfe Research reiterated an “underperform” rating and issued a $13.00 price objective on shares of Paramount Skydance in a report on Monday, December 15th. JPMorgan Chase & Co. upped their target price on shares of Paramount Skydance from $10.00 to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th. Finally, Argus initiated coverage on shares of Paramount Skydance in a report on Monday, October 13th. They set a “hold” rating and a $17.00 price target for the company. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat.com, Paramount Skydance presently has a consensus rating of “Strong Sell” and an average price target of $14.00.

Paramount Skydance Company Profile

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.