Paramount Skydance Corporation $PSKY Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 80.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,400 shares of the company’s stock after selling 87,946 shares during the period. Moors & Cabot Inc.’s holdings in Paramount Skydance were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PSKY. Vanguard Group Inc. acquired a new position in Paramount Skydance during the 3rd quarter worth approximately $678,726,000. State Street Corp acquired a new position in Paramount Skydance during the 3rd quarter worth approximately $524,371,000. Invesco Ltd. acquired a new position in Paramount Skydance during the 3rd quarter worth approximately $288,551,000. Barclays PLC acquired a new position in Paramount Skydance during the 3rd quarter worth approximately $258,196,000. Finally, Contrarius Group Holdings Ltd acquired a new position in Paramount Skydance during the 3rd quarter worth approximately $186,674,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on PSKY shares. Wells Fargo & Company lowered their price target on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a report on Friday, March 27th. TD Cowen lowered their price target on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, February 26th. Zacks Research upgraded shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Finally, Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $11.00 to $14.00 in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $12.77.

Paramount Skydance Stock Down 1.8%

Shares of NASDAQ:PSKY opened at $10.78 on Wednesday. The company has a market capitalization of $12.06 billion, a PE ratio of 18.91, a P/E/G ratio of 0.83 and a beta of 1.43. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Paramount Skydance Corporation has a twelve month low of $8.61 and a twelve month high of $20.86. The firm has a 50 day simple moving average of $10.39 and a 200-day simple moving average of $11.80.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The business had revenue of $7.35 billion during the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, equities analysts predict that Paramount Skydance Corporation will post 0.54 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, June 15th. Paramount Skydance’s payout ratio is currently 35.09%.

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.