Nisa Investment Advisors LLC purchased a new position in Paramount Skydance Corporation (NASDAQ:PSKY – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,035 shares of the company’s stock, valued at approximately $835,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PSKY. Private Trust Co. NA acquired a new stake in shares of Paramount Skydance in the 3rd quarter valued at $47,000. Sound Income Strategies LLC acquired a new position in shares of Paramount Skydance during the third quarter worth $49,000. Valley National Advisers Inc. purchased a new position in Paramount Skydance in the third quarter valued at $68,000. CWM LLC purchased a new position in Paramount Skydance in the third quarter valued at $91,000. Finally, AdvisorNet Financial Inc acquired a new stake in Paramount Skydance in the third quarter valued at $97,000. Institutional investors and hedge funds own 73.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Sanford C. Bernstein boosted their target price on Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 12th. Argus began coverage on Paramount Skydance in a report on Monday, October 13th. They issued a “hold” rating and a $17.00 price target for the company. UBS Group increased their price target on shares of Paramount Skydance from $10.00 to $12.00 and gave the company a “sell” rating in a research note on Wednesday, October 8th. Finally, Wolfe Research restated an “underperform” rating and set a $13.00 price objective on shares of Paramount Skydance in a research report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average target price of $14.00.
Paramount Skydance Stock Performance
Paramount Skydance stock opened at $11.83 on Friday. The stock has a market cap of $12.68 billion, a P/E ratio of -394.20 and a beta of 1.17. 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 fifty-two week low of $9.95 and a fifty-two week high of $20.86. The firm has a 50-day moving average price of $14.19.
Paramount Skydance (NASDAQ:PSKY – Get Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.37). The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.79 billion. Paramount Skydance had a positive return on equity of 3.95% and a negative net margin of 0.95%.The company’s quarterly revenue was up 0% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS.
Paramount Skydance Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, December 18th. Paramount Skydance’s payout ratio is -666.67%.
Key Headlines Impacting Paramount Skydance
Here are the key news stories impacting Paramount Skydance this week:
- Positive Sentiment: Paramount named Dennis K. Cinelli as CFO and added Andrew Campion to the board, strengthening its financial leadership and investor-relations oversight during the takeover fight. PARAMOUNT APPOINTS DENNIS K. CINELLI AS CHIEF FINANCIAL OFFICER AND ADDS ANDREW CAMPION TO ITS BOARD OF DIRECTORS
- Neutral Sentiment: Paramount filed suit against Warner Bros. Discovery and signaled plans to nominate its own director slate — a strategic, high‑stakes move that keeps pressure on WBD but creates legal and execution risk. Paramount files lawsuit against Warner Bros; intends to nominate director slate (update)
- Negative Sentiment: A Delaware judge refused to expedite Paramount’s request for accelerated discovery related to Warner Bros.’ decision to favor Netflix’s takeover bid, prolonging legal uncertainty and delaying any quick resolution. Delaware judge won’t speed up Paramount lawsuit seeking Warner Bros merger details
- Negative Sentiment: Reports characterize the court outcome as a legal setback for David Ellison’s Paramount, reinforcing investor concerns about the viability and timeline of its challenge to WBD’s deal decisions. David Ellison’s Paramount suffers a setback in its legal fight with Warner Bros. Discovery
- Negative Sentiment: Analyst/quant downgrade: Zacks added PSKY to its “Strong Sell” list, which can amplify selling pressure from model‑driven funds and retail investors. New Strong Sell Stocks for Jan-14
- Negative Sentiment: Institutional skepticism: reports that a large Warner holder does not view Paramount’s bid as superior undermine PSKY’s takeover thesis and could reduce the likelihood of shareholder support for its campaign. Large Warner Bros. holder doesn’t believe Paramount bid is superior
Paramount Skydance Company Profile
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.
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