Gamco Investors INC. ET AL bought a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm bought 105,317 shares of the company’s stock, valued at approximately $1,993,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in shares of Paramount Skydance in the 3rd quarter worth approximately $678,726,000. Barclays PLC purchased a new position in Paramount Skydance during the third quarter valued at approximately $258,196,000. Contrarius Group Holdings Ltd purchased a new position in Paramount Skydance during the third quarter valued at approximately $186,674,000. Bank Pictet & Cie Europe AG bought a new position in Paramount Skydance in the third quarter worth approximately $47,983,000. Finally, JPMorgan Chase & Co. purchased a new stake in Paramount Skydance during the third quarter worth $41,864,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.
Analyst Upgrades and Downgrades
PSKY has been the topic of several recent research reports. Wall Street Zen raised Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. Bank of America decreased their price objective on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a research note on Tuesday. Wells Fargo & Company initiated coverage on Paramount Skydance in a research report on Monday. They set a “strong sell” rating and a $10.00 price objective on the stock. Evercore lifted their target price on Paramount Skydance from $12.00 to $14.00 and gave the company an “in-line” rating in a research note on Tuesday, November 11th. Finally, Guggenheim boosted their target price on shares of Paramount Skydance from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Sell” and a consensus price target of $13.00.
Paramount Skydance Price Performance
NASDAQ PSKY opened at $10.33 on Wednesday. The firm’s fifty day simple moving average is $11.55 and its two-hundred day simple moving average is $14.43. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.03. Paramount Skydance Corporation has a 12-month low of $9.95 and a 12-month high of $20.86. The firm has a market capitalization of $11.07 billion, a P/E ratio of 16.40 and a beta of 1.14.
Paramount Skydance (NASDAQ:PSKY – Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of ($0.02) by $999.02. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%.The firm had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.17 billion.
Paramount Skydance Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Skydance’s dividend payout ratio is currently 31.75%.
Paramount Skydance News Summary
Here are the key news stories impacting Paramount Skydance this week:
- Neutral Sentiment: Short interest rose materially in February to 59,895,714 shares (up 17.4% vs. Feb. 12), about 5.6% of float and ~3.3 days to cover — a sign of higher bearish positioning that can magnify moves in both directions depending on catalyst/liquidity.
- Neutral Sentiment: Regulatory/bidding context: reporting on the bidding war for Warner Bros. noted large bond purchases by outside parties during the contest, highlighting continued market attention to PSKY’s deal dynamics and counterparties. Read More.
- Neutral Sentiment: Corporate sibling news (less directly relevant): Paramount Defenses announced a product release — limited direct impact on PSKY’s media/streaming outlook but notable for the broader “Paramount” name in headlines. Read More.
- Negative Sentiment: Bank of America cut its price target and reiterated an “Underperform,” citing that the Warner Bros. acquisition will take years to pay off and creates near-term uncertainty — a direct downward pressure on sentiment. Read More.
- Negative Sentiment: Wells Fargo initiated coverage with a “Strong Sell” and $10 target, reinforcing sell-side caution and adding immediate technical pressure given the low target relative to recent trading. Read More.
- Negative Sentiment: Analyst/market notes and new coverage are amplifying concerns about leverage after credit actions pushed some debt toward junk status — investors worry about higher interest costs and the pace of de‑leveraging post‑deal. This theme is being cited as a key reason for intraday selling. Read More.
- Negative Sentiment: Industry pressure: YouTube’s ad revenue now exceeds large traditional media competitors combined, underscoring intensified ad-market competition that could weigh on PSKY’s ad and streaming monetization outlook. Read More.
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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