Wakefield Asset Management LLLP Invests $1.38 Million in Paramount Global (NASDAQ:PARAP)

Wakefield Asset Management LLLP acquired a new position in Paramount Global (NASDAQ:PARAP – Get Rating) in the 3rd quarter, HoldingsChannel reports. The firm acquired 44,496 shares of the company’s stock, valued at approximately $1,375,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC bought a new position in Paramount Global during the third quarter valued at $31,000. Raymond James & Associates bought a new stake in Paramount Global during the third quarter valued at $209,000. Claybrook Capital LLC bought a new stake in Paramount Global during the third quarter valued at $258,000. KCS Wealth Advisory bought a new stake in Paramount Global during the third quarter valued at $361,000. Finally, Twelve Points Wealth Management LLC bought a new stake in Paramount Global during the third quarter valued at $450,000.

Paramount Global Price Performance

NASDAQ:PARAP traded down $0.17 during trading hours on Wednesday, hitting $29.69. 1,651 shares of the company’s stock traded hands, compared to its average volume of 49,753. Paramount Global has a 52 week low of $24.12 and a 52 week high of $60.81. The business’s fifty day simple moving average is $28.38 and its two-hundred day simple moving average is $32.69.

About Paramount Global

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Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Showtime, BET, Nickelodeon, MTV, Comedy Central, Paramount Network, Smithsonian Channel, and CBS Sports Network.