Strs Ohio acquired a new position in Paramount Global (NASDAQ:PARAA – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,752 shares of the company’s stock, valued at approximately $640,000.
A number of other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in shares of Paramount Global during the 2nd quarter valued at approximately $42,000. Nordea Investment Management AB bought a new position in shares of Paramount Global during the 3rd quarter valued at approximately $90,000. Allspring Global Investments Holdings LLC bought a new position in shares of Paramount Global during the 3rd quarter valued at approximately $199,000. Unison Advisors LLC bought a new position in shares of Paramount Global during the 3rd quarter valued at approximately $217,000. Finally, Citadel Investment Advisory Inc. bought a new position in shares of Paramount Global during the 3rd quarter valued at approximately $289,000. Institutional investors own 1.02% of the company’s stock.
Paramount Global Stock Performance
NASDAQ PARAA opened at 24.01 on Wednesday. The business’s 50 day moving average price is 21.34 and its 200-day moving average price is 23.92. Paramount Global has a fifty-two week low of 17.75 and a fifty-two week high of 41.87. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.31. The company has a market cap of $15.59 billion, a P/E ratio of 5.11 and a beta of 1.40.
Paramount Global Company Profile
Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company’s digital streaming services, CBS All Access and CBSN.
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