Claret Asset Management Corp Acquires New Shares in Paramount Skydance Corporation $PSKY

Claret Asset Management Corp bought a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 136,013 shares of the company’s stock, valued at approximately $2,573,000.

A number of other large investors have also recently made changes to their positions in PSKY. Legal & General Group Plc purchased a new position in shares of Paramount Skydance in the third quarter valued at $13,125,000. Swiss National Bank bought a new stake in shares of Paramount Skydance during the 3rd quarter valued at $11,715,000. WINTON GROUP Ltd purchased a new stake in Paramount Skydance during the 3rd quarter worth about $340,000. Inceptionr LLC bought a new position in Paramount Skydance in the 3rd quarter worth about $978,000. Finally, Private Advisor Group LLC bought a new position in Paramount Skydance in the 3rd quarter worth about $498,000. 73.00% of the stock is owned by institutional investors.

Paramount Skydance Stock Down 6.7%

PSKY stock opened at $11.19 on Tuesday. The company’s 50 day moving average is $11.61 and its 200 day moving average is $14.47. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 17.76 and a beta of 1.14. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.03. Paramount Skydance Corporation has a 1-year low of $9.95 and a 1-year high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last announced its earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.17 billion.

Paramount Skydance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Skydance’s payout ratio is currently 31.75%.

Analyst Ratings Changes

PSKY has been the topic of several analyst reports. Sanford C. Bernstein upped their price target on Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a research report on Wednesday, November 12th. Benchmark raised their price objective on shares of Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. TD Cowen reduced their price objective on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Bank of America upped their target price on shares of Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen upgraded shares of Paramount Skydance to a “hold” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $13.15.

About Paramount Skydance

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.