495,228 Shares in Paramount Skydance Corporation $PSKY Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKYFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 495,228 shares of the company’s stock, valued at approximately $9,370,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CX Institutional acquired a new stake in shares of Paramount Skydance during the third quarter worth $235,000. KLP Kapitalforvaltning AS purchased a new position in Paramount Skydance in the 3rd quarter worth $1,264,000. Louisiana State Employees Retirement System purchased a new position in Paramount Skydance in the 3rd quarter worth $307,000. CoreCap Advisors LLC acquired a new stake in Paramount Skydance during the 3rd quarter worth about $107,000. Finally, Grandview Asset Management LLC purchased a new stake in Paramount Skydance during the 3rd quarter valued at about $570,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Paramount Skydance Trading Down 1.7%

Shares of NASDAQ:PSKY opened at $12.06 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 1.16. Paramount Skydance Corporation has a 12-month low of $9.95 and a 12-month high of $20.86. The firm has a 50 day moving average of $14.43. The firm has a market capitalization of $12.92 billion, a P/E ratio of -401.87 and a beta of 1.17.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last posted its earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.37). Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period last year, the firm earned $0.49 earnings per share. Paramount Skydance’s revenue for the quarter was up 0% compared to the same quarter last year.

Paramount Skydance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. Paramount Skydance’s payout ratio is presently -666.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PSKY shares. Wells Fargo & Company increased their price objective on Paramount Skydance from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Benchmark upped their target price on Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen raised shares of Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. Zacks Research cut shares of Paramount Skydance from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. Finally, Morgan Stanley upped their price objective on shares of Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, December 9th. 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 stock. According to data from MarketBeat.com, Paramount Skydance presently has an average rating of “Strong Sell” and an average target price of $14.00.

Get Our Latest Analysis on Paramount Skydance

Paramount Skydance News Roundup

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Paramount Skydance Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Paramount Skydance (NASDAQ:PSKY)

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