ProShare Advisors LLC Takes Position in Paramount Skydance Corporation $PSKY

ProShare Advisors LLC purchased a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 60,833 shares of the company’s stock, valued at approximately $1,151,000.

Several other institutional investors have also bought and sold shares of PSKY. Versant Capital Management Inc purchased a new stake in Paramount Skydance in the third quarter worth $39,000. Private Trust Co. NA purchased a new stake in Paramount Skydance in the 3rd quarter worth about $47,000. Guerra Advisors Inc purchased a new stake in Paramount Skydance in the 3rd quarter worth about $48,000. Sound Income Strategies LLC bought a new stake in Paramount Skydance in the 3rd quarter valued at about $49,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in Paramount Skydance during the third quarter valued at about $53,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PSKY shares. Wolfe Research reissued an “underperform” rating and set a $13.00 price objective on shares of Paramount Skydance in a report on Monday, December 15th. Evercore increased their price target on shares of Paramount Skydance from $12.00 to $14.00 and gave the stock an “in-line” rating in a report on Tuesday, November 11th. Wells Fargo & Company raised their price objective on shares of Paramount Skydance from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Morgan Stanley upped their target price on shares of Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Tuesday, December 9th. Finally, Bank of America increased their target price on shares of Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $14.00.

Paramount Skydance Price Performance

Shares of PSKY opened at $10.32 on Monday. Paramount Skydance Corporation has a 1 year low of $9.95 and a 1 year high of $20.86. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. The stock has a 50 day moving average price of $12.38. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of -343.89 and a beta of 1.24.

Paramount Skydance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. Paramount Skydance’s dividend payout ratio is -666.67%.

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.