Handelsbanken Fonder AB Purchases New Shares in Paramount Skydance Corporation $PSKY

Handelsbanken Fonder AB purchased a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 158,200 shares of the company’s stock, valued at approximately $2,993,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PSKY. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Paramount Skydance during the 3rd quarter worth approximately $6,315,000. US Bancorp DE purchased a new stake in shares of Paramount Skydance during the third quarter valued at approximately $418,000. Empirical Asset Management LLC purchased a new stake in shares of Paramount Skydance during the third quarter valued at approximately $211,000. MAI Capital Management bought a new stake in Paramount Skydance during the third quarter worth $220,000. Finally, Prestige Wealth Management Group LLC purchased a new position in Paramount Skydance in the third quarter worth $230,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PSKY. Guggenheim raised their target price on Paramount Skydance from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on shares of Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Bank of America lifted their price objective on shares of Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Finally, Morgan Stanley raised their price target on shares of Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat, Paramount Skydance presently has a consensus rating of “Reduce” and an average target price of $13.77.

Paramount Skydance Price Performance

NASDAQ PSKY opened at $12.45 on Wednesday. The company has a market cap of $13.34 billion, a PE ratio of 19.45 and a beta of 1.15. Paramount Skydance Corporation has a 52 week low of $9.95 and a 52 week high of $20.86. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 1.03. The firm’s 50-day simple moving average is $11.77 and its two-hundred day simple moving average is $14.54.

Paramount Skydance (NASDAQ:PSKY) last posted its earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $999.02. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.82%. The firm had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.17 billion.

Paramount Skydance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. Paramount Skydance’s payout ratio is presently 31.25%.

Paramount Skydance News Summary

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

• Positive Sentiment: FCC chair signals a fast, favorable review of the WBD-Paramount deal, reducing regulatory overhang and making closing more likely. FCC chief tells CNBC WBD-Paramount merger deal is ‘cleaner’ than Netflix’s, will be approved ‘quickly’
• Positive Sentiment: Paramount reports momentum on European regulatory progress, which could smooth international approvals and reduce transaction friction. Paramount Claims Early European Regulatory Progress For WBD Deal
• Neutral Sentiment: Analyst update: Guggenheim raised PSKY’s price target to $14 and kept a neutral rating — a mild endorsement but not a bullish upgrade. Guggenheim raises price target to $14
• Neutral Sentiment: Management plans to combine HBO Max and Paramount+ after the deal, a strategic move to capture scale in streaming but one that entails execution risk and uncertain near-term costs/savings. Paramount+ and HBO Max to merge into one streaming service after WBD deal closes
• Negative Sentiment: Fitch downgraded Paramount’s debt to junk following the WBD acquisition, highlighting increased leverage and greater refinancing risk—this is a key driver of the stock decline. Paramount Skydance Debt Downgraded to Junk Status by Fitch Ratings Following Warner Bros. Discovery Deal
• Negative Sentiment: S&P placed Paramount on a negative credit watch, signalling the risk of further rating action and higher borrowing costs for the combined company. S&P Puts Paramount on Negative Credit Watch
• Negative Sentiment: CEO commentary and filings indicate the deal will leave the combined company with roughly $79B net debt and management plans cost cuts — investors worry about leverage, integration execution and potential layoffs. Paramount CEO says Warner Bros tie-up to carry $79 billion net debt, no cable asset sales planned

Paramount Skydance 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.