Pacer Advisors Inc. Buys Shares of 43,680 Paramount Skydance Corporation $PSKY

Pacer Advisors Inc. purchased a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,680 shares of the company’s stock, valued at approximately $826,000.

Other hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in Paramount Skydance in the 3rd quarter worth about $4,595,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Paramount Skydance during the third quarter worth approximately $2,876,000. Czech National Bank bought a new position in Paramount Skydance in the 3rd quarter worth approximately $1,484,000. Voya Investment Management LLC bought a new position in Paramount Skydance in the 3rd quarter worth approximately $758,000. Finally, Contravisory Investment Management Inc. bought a new stake in Paramount Skydance during the 3rd quarter valued at $751,000. 73.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PSKY has been the subject of several recent analyst reports. 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 research note on Tuesday, November 11th. Guggenheim reiterated a “neutral” rating and issued a $16.00 target price on shares of Paramount Skydance in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. Wolfe Research reiterated an “underperform” rating and issued a $13.00 price objective on shares of Paramount Skydance in a report on Monday, December 15th. Finally, UBS Group raised their price objective on shares of Paramount Skydance from $10.00 to $12.00 and gave the company a “sell” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and nine have issued a Sell rating to the stock. Based on data from MarketBeat.com, Paramount Skydance has a consensus rating of “Strong Sell” and a consensus price target of $14.00.

Paramount Skydance Trading Down 1.6%

NASDAQ:PSKY opened at $13.18 on Friday. The firm’s 50-day simple moving average is $14.78. The company has a market cap of $14.12 billion, a price-to-earnings ratio of -439.19 and a beta of 1.17. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. Paramount Skydance Corporation has a twelve month low of $9.95 and a twelve month high of $20.86.

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

Paramount Skydance Announces Dividend

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

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.