Atlas Brown Inc. Buys New Position in Paramount Skydance Corporation $PSKY

Atlas Brown Inc. purchased a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 38,161 shares of the company’s stock, valued at approximately $722,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSKY. TB Alternative Assets Ltd. acquired a new stake in shares of Paramount Skydance in the third quarter valued at approximately $7,363,000. Exchange Traded Concepts LLC purchased a new stake in Paramount Skydance in the 3rd quarter valued at $4,595,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Paramount Skydance during the 3rd quarter worth $2,876,000. Czech National Bank acquired a new stake in Paramount Skydance during the 3rd quarter worth $1,484,000. Finally, Ethic Inc. purchased a new position in Paramount Skydance during the 3rd quarter worth $958,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Paramount Skydance Stock Performance

PSKY opened at $13.59 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. The stock has a market capitalization of $14.56 billion, a P/E ratio of -452.85 and a beta of 1.16. Paramount Skydance Corporation has a one year low of $9.95 and a one year high of $20.86. The business’s fifty day moving average price is $15.10.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The firm had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.79 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The company’s quarterly revenue was up 0% compared to the same quarter last year.

Paramount Skydance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.5%. Paramount Skydance’s payout ratio is presently -666.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PSKY shares. Zacks Research cut shares of Paramount Skydance from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Wall Street Zen raised Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. lifted their target price on Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. Sanford C. Bernstein upped their price target on Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 12th. Finally, Bank of America increased their price target on Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat, Paramount Skydance presently has a consensus rating of “Strong Sell” and a consensus target price of $14.00.

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.