Inceptionr LLC Invests $632,000 in Paramount Skydance Corporation $PSKY

Inceptionr LLC acquired a new stake in shares of Paramount Skydance Corporation (NASDAQ:PSKYFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 70,089 shares of the company’s stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in shares of Paramount Skydance during the third quarter worth about $1,914,000. Dimensional Fund Advisors LP acquired a new position in Paramount Skydance in the 3rd quarter valued at $33,860,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Paramount Skydance during the third quarter worth $735,000. First Trust Advisors LP acquired a new stake in shares of Paramount Skydance during the third quarter worth $15,877,000. Finally, Natixis Advisors LLC acquired a new stake in Paramount Skydance in the 3rd quarter worth about $416,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Paramount Skydance Stock Down 3.3%

PSKY stock opened at $8.21 on Friday. The firm has a 50 day simple moving average of $9.90 and a 200-day simple moving average of $10.52. The company has a market capitalization of $9.19 billion, a P/E ratio of 14.40, a PEG ratio of 0.54 and a beta of 1.43. Paramount Skydance Corporation has a twelve month low of $8.17 and a twelve month high of $20.86. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The business had revenue of $7.35 billion for the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same period in the previous year, the business posted $0.22 EPS. On average, equities research analysts predict that Paramount Skydance Corporation will post 0.62 earnings per share for the current fiscal year.

Paramount Skydance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.20 annualized dividend and a yield of 2.4%. Paramount Skydance’s payout ratio is presently 35.09%.

Trending Headlines about Paramount Skydance

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $11.00 to $14.00 in a research report on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a report on Wednesday, June 24th. Arete Research reaffirmed a “sell” rating and issued a $2.00 target price on shares of Paramount Skydance in a research report on Thursday, July 9th. Wells Fargo & Company dropped their price target on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Finally, Guggenheim cut their price objective on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, Paramount Skydance currently has an average rating of “Reduce” and a consensus target price of $12.00.

Read Our Latest Stock Analysis on PSKY

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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