Czech National Bank Takes Position in Paramount Skydance Corporation $PSKY

Czech National Bank acquired a new stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 78,416 shares of the company’s stock, valued at approximately $1,484,000.

Separately, Cullen Investment Group LTD. purchased a new position in Paramount Skydance in the 3rd quarter valued at about $462,000. Institutional investors own 73.00% of the company’s stock.

Wall Street Analyst Weigh In

PSKY has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Wolfe Research restated an “underperform” rating and set a $13.00 target price on shares of Paramount Skydance in a research report on Monday, December 15th. Guggenheim reissued a “neutral” rating and set a $16.00 price target on shares of Paramount Skydance in a research note on Wednesday, November 12th. Zacks Research downgraded Paramount Skydance from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Finally, Argus started coverage on Paramount Skydance in a research note on Monday, October 13th. They issued a “hold” rating and a $17.00 target price for the company. One analyst has rated the stock with a Buy rating, five have given a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat.com, Paramount Skydance has an average rating of “Strong Sell” and a consensus target price of $14.00.

Paramount Skydance Trading Up 0.3%

Shares of PSKY opened at $13.05 on Monday. Paramount Skydance Corporation has a twelve month low of $9.95 and a twelve month high of $20.86. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of -434.86 and a beta of 1.16. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 1.00. The business has a fifty day moving average price of $15.45.

Paramount Skydance (NASDAQ:PSKY) last announced 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 business’s revenue was up 0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share.

Paramount Skydance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be issued a $0.05 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.20 annualized dividend and a yield of 1.5%. Paramount Skydance’s dividend payout ratio (DPR) is presently -666.67%.

About Paramount Skydance

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.