Corrado Advisors LLC Purchases Shares of 138,969 Paramount Skydance Corporation $PSKY

Corrado Advisors LLC purchased a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKYFree Report) during the first quarter, Holdings Channel.com reports. The fund purchased 138,969 shares of the company’s stock, valued at approximately $1,254,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Paramount Skydance during the 3rd quarter worth about $25,000. Kelleher Financial Advisors purchased a new position in shares of Paramount Skydance in the 3rd quarter valued at about $32,000. Huntington National Bank increased its stake in shares of Paramount Skydance by 108.2% in the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock valued at $30,000 after purchasing an additional 1,174 shares in the last quarter. Larson Financial Group LLC raised its holdings in Paramount Skydance by 539.3% in the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after purchasing an additional 1,936 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings in Paramount Skydance by 317.3% in the 4th quarter. Golden State Wealth Management LLC now owns 2,863 shares of the company’s stock worth $38,000 after purchasing an additional 2,177 shares during the period. Institutional investors and hedge funds own 73.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Guggenheim decreased their target price on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $11.00 to $14.00 in a research report on Thursday, April 30th. Arete Research reaffirmed a “sell” rating and set a $2.00 price objective on shares of Paramount Skydance in a report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company cut their target price on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $12.00.

Check Out Our Latest Stock Report on Paramount Skydance

Paramount Skydance Stock Performance

Shares of Paramount Skydance stock opened at $9.41 on Friday. Paramount Skydance Corporation has a one year low of $8.61 and a one year high of $20.86. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.61 and a beta of 1.43. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.10. The business’s 50 day moving average price is $10.25 and its 200 day moving average price is $10.85.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. The firm had revenue of $7.35 billion during the quarter. During the same period in the prior year, the company posted $0.22 EPS. On average, research analysts predict that Paramount Skydance Corporation will post 0.62 EPS for the current year.

Paramount Skydance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. Paramount Skydance’s payout ratio is presently 35.09%.

Key Headlines Impacting Paramount Skydance

Here are the key news stories impacting Paramount Skydance this week:

Paramount Skydance Profile

(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.

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

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