Clear Harbor Asset Management LLC Invests $149,000 in Paramount Global (NASDAQ:PARA)

Clear Harbor Asset Management LLC bought a new position in shares of Paramount Global (NASDAQ:PARAFree Report) during the 4th quarter, Holdings Channel reports. The firm bought 10,047 shares of the company’s stock, valued at approximately $149,000.

Several other large investors also recently made changes to their positions in PARA. Captrust Financial Advisors bought a new position in Paramount Global in the second quarter valued at about $767,000. Marshall Wace LLP bought a new position in Paramount Global in the third quarter valued at about $3,099,000. Two Sigma Investments LP bought a new position in Paramount Global in the third quarter valued at about $4,764,000. Thrivent Financial for Lutherans bought a new position in Paramount Global in the third quarter valued at about $2,288,000. Finally, Public Employees Retirement System of Ohio bought a new position in Paramount Global in the third quarter valued at about $5,682,000. Institutional investors own 73.00% of the company’s stock.

Paramount Global Price Performance

NASDAQ:PARA opened at $11.77 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.17 and a debt-to-equity ratio of 0.63. Paramount Global has a 52-week low of $10.16 and a 52-week high of $24.00. The stock has a 50-day simple moving average of $12.22 and a 200 day simple moving average of $13.03.

Paramount Global (NASDAQ:PARAGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. The business had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.80 billion. Paramount Global had a positive return on equity of 1.78% and a negative net margin of 2.05%. Paramount Global’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. As a group, sell-side analysts forecast that Paramount Global will post 1.21 EPS for the current fiscal year.

Paramount Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, March 14th. Paramount Global’s payout ratio is -19.61%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PARA shares. Benchmark decreased their price target on Paramount Global from $30.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Morgan Stanley cut their target price on Paramount Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 27th. Loop Capital lowered Paramount Global from a “hold” rating to a “sell” rating and set a $12.00 target price on the stock. in a research note on Friday, December 8th. Wells Fargo & Company raised Paramount Global from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $15.00 to $18.00 in a research note on Wednesday, December 20th. Finally, Raymond James reissued a “market perform” rating on shares of Paramount Global in a research note on Tuesday. Ten investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to, Paramount Global presently has a consensus rating of “Hold” and a consensus price target of $14.05.

Get Our Latest Stock Analysis on PARA

About Paramount Global

(Free Report)

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.

See Also

Want to see what other hedge funds are holding PARA? Visit to get the latest 13F filings and insider trades for Paramount Global (NASDAQ:PARAFree Report).

Institutional Ownership by Quarter for Paramount Global (NASDAQ:PARA)

Receive News & Ratings for Paramount Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Global and related companies with's FREE daily email newsletter.