Paramount Skydance Corporation $PSKY Stock Position Raised by MTCO Ltd.

MTCO Ltd. grew its holdings in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 92.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,700,000 shares of the company’s stock after purchasing an additional 1,300,000 shares during the period. Paramount Skydance makes up about 14.6% of MTCO Ltd.’s holdings, making the stock its 2nd biggest position. MTCO Ltd. owned approximately 0.25% of Paramount Skydance worth $36,180,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. CYBER HORNET ETFs LLC acquired a new position in Paramount Skydance during the third quarter worth $25,000. Kelleher Financial Advisors purchased a new stake in shares of Paramount Skydance during the 3rd quarter worth $32,000. Center for Financial Planning Inc. acquired a new position in shares of Paramount Skydance during the 3rd quarter worth $35,000. Versant Capital Management Inc purchased a new position in shares of Paramount Skydance in the 3rd quarter valued at about $39,000. Finally, Addison Advisors LLC purchased a new position in shares of Paramount Skydance in the 3rd quarter valued at about $42,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on PSKY. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a report on Friday, March 27th. Wells Fargo & Company dropped their target price on shares of Paramount Skydance from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday. Wolfe Research reiterated an “underperform” rating and set a $13.00 price target on shares of Paramount Skydance in a research report on Monday, December 15th. Bank of America decreased their price target on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 10th. Finally, Morgan Stanley upped their price target on Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat, Paramount Skydance has an average rating of “Strong Sell” and a consensus price target of $12.85.

Paramount Skydance Price Performance

Paramount Skydance stock opened at $9.52 on Monday. The firm has a market capitalization of $10.58 billion, a PE ratio of 15.11, a P/E/G ratio of 0.39 and a beta of 1.37. Paramount Skydance Corporation has a 52 week low of $8.61 and a 52 week high of $20.86. The firm’s 50-day simple moving average is $10.47 and its 200 day simple moving average is $13.59. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 1.03.

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

Paramount Skydance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, March 16th. Paramount Skydance’s dividend payout ratio (DPR) is 31.75%.

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.