PFG Investments LLC Takes Position in Paramount Skydance Corporation $PSKY

PFG Investments LLC bought a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKYFree Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 55,751 shares of the company’s stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSKY. Y Intercept Hong Kong Ltd bought a new position in Paramount Skydance during the third quarter valued at about $6,093,000. Deseret Mutual Benefit Administrators purchased a new position in Paramount Skydance in the third quarter valued at about $75,000. Resona Asset Management Co. Ltd. bought a new position in shares of Paramount Skydance during the 3rd quarter valued at approximately $67,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Paramount Skydance during the 3rd quarter worth approximately $5,187,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Paramount Skydance during the 3rd quarter worth approximately $791,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Paramount Skydance News Summary

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

Paramount Skydance Stock Performance

Shares of NASDAQ PSKY opened at $11.70 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. Paramount Skydance Corporation has a fifty-two week low of $9.95 and a fifty-two week high of $20.86. The stock has a market capitalization of $12.54 billion, a PE ratio of -389.87 and a beta of 1.17. The company has a fifty day moving average of $13.72.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last issued its earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing the consensus estimate 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 company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 0% compared to the same quarter last year.

Paramount Skydance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.20 annualized dividend and a yield of 1.7%. Paramount Skydance’s payout ratio is currently -666.67%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America upped their price objective on Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a research note on Tuesday, November 11th. Benchmark upped their price target on Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Morgan Stanley lifted their price objective on Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Tuesday, December 9th. UBS Group upped their price objective on shares of Paramount Skydance from $10.00 to $12.00 and gave the company a “sell” rating in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Paramount Skydance from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus price target of $14.00.

Check Out Our Latest Stock Analysis on PSKY

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.

See Also

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

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