Paramount Skydance Corporation $PSKY Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 56.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774,273 shares of the company’s stock after buying an additional 279,045 shares during the period. SG Americas Securities LLC owned approximately 0.07% of Paramount Skydance worth $10,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in shares of Paramount Skydance during the third quarter worth about $678,726,000. State Street Corp purchased a new position in shares of Paramount Skydance in the 3rd quarter valued at approximately $524,371,000. Invesco Ltd. acquired a new stake in Paramount Skydance in the 3rd quarter worth approximately $288,551,000. Barclays PLC acquired a new stake in Paramount Skydance in the 3rd quarter worth approximately $258,196,000. Finally, Contrarius Group Holdings Ltd purchased a new stake in Paramount Skydance during the 3rd quarter worth approximately $186,674,000. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Morgan Stanley boosted their price objective on shares of Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, December 9th. Guggenheim upped their target price on Paramount Skydance from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. TD Cowen reduced their target price on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Sell” and a consensus target price of $13.00.

Paramount Skydance Stock Performance

PSKY opened at $8.79 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.03. Paramount Skydance Corporation has a 12-month low of $8.61 and a 12-month high of $20.86. The firm has a 50 day moving average of $10.72 and a two-hundred day moving average of $13.90. The firm has a market capitalization of $9.77 billion, a PE ratio of 13.95, a P/E/G ratio of 0.36 and a beta of 1.14.

Paramount Skydance (NASDAQ:PSKY) last released its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 EPS 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 business had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.17 billion.

Paramount Skydance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Skydance’s dividend payout ratio is presently 31.75%.

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.