Nisa Investment Advisors LLC Buys New Holdings in Paramount Skydance Corporation $PSKY

Nisa Investment Advisors LLC purchased a new position in Paramount Skydance Corporation (NASDAQ:PSKYFree 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.

Read Our Latest Report on PSKY

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:PSKYGet 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

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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.

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

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