Barclays PLC Invests $258.20 Million in Paramount Skydance Corporation $PSKY

Barclays PLC purchased a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,646,704 shares of the company’s stock, valued at approximately $258,196,000. Barclays PLC owned 2.02% of Paramount Skydance as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Center for Financial Planning Inc. bought a new stake in Paramount Skydance in the third quarter valued at about $35,000. Versant Capital Management Inc acquired a new position in Paramount Skydance in the third quarter valued at about $39,000. Addison Advisors LLC bought a new position in Paramount Skydance during the third quarter worth about $42,000. Private Trust Co. NA bought a new position in Paramount Skydance during the third quarter worth about $47,000. Finally, Guerra Advisors Inc acquired a new position in shares of Paramount Skydance during the 3rd quarter worth about $48,000. 73.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wolfe Research reaffirmed an “underperform” rating and issued a $13.00 price target on shares of Paramount Skydance in a research note on Monday, December 15th. Bank of America lifted their price objective on shares of Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 11th. Sanford C. Bernstein upped their target price on shares of Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th. Finally, Zacks Research raised shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $13.77.

Paramount Skydance Price Performance

NASDAQ PSKY opened at $11.99 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.12 and a current ratio of 1.26. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 19.03 and a beta of 1.15. The business has a 50 day simple moving average of $11.66 and a 200 day simple moving average of $14.49. Paramount Skydance Corporation has a 52-week low of $9.95 and a 52-week high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last released its quarterly earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $999.02. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.82%. The company had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.17 billion.

Paramount Skydance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. Paramount Skydance’s dividend payout ratio is presently 31.75%.

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.