AlTi Global Inc. Has $1.14 Million Holdings in Paramount Skydance Corporation $PSKY

AlTi Global Inc. lifted its stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 104.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,977 shares of the company’s stock after purchasing an additional 64,492 shares during the period. AlTi Global Inc.’s holdings in Paramount Skydance were worth $1,139,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PSKY. SG Americas Securities LLC lifted its holdings in shares of Paramount Skydance by 56.3% in the fourth quarter. SG Americas Securities LLC now owns 774,273 shares of the company’s stock valued at $10,375,000 after purchasing an additional 279,045 shares in the last quarter. Vanguard Group Inc. lifted its stake in Paramount Skydance by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 36,006,077 shares of the company’s stock valued at $482,481,000 after acquiring an additional 132,613 shares in the last quarter. MTCO Ltd. boosted its position in Paramount Skydance by 92.9% during the 4th quarter. MTCO Ltd. now owns 2,700,000 shares of the company’s stock worth $36,180,000 after acquiring an additional 1,300,000 shares during the last quarter. Hoertkorn Richard Charles acquired a new position in Paramount Skydance during the 4th quarter worth approximately $3,708,000. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Paramount Skydance during the 1st quarter worth approximately $1,623,000. 73.00% of the stock is owned by institutional investors.

Paramount Skydance Stock Performance

NASDAQ PSKY opened at $8.57 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm’s fifty day moving average price is $10.04 and its two-hundred day moving average price is $10.63. Paramount Skydance Corporation has a 1 year low of $8.56 and a 1 year high of $20.86. The firm has a market capitalization of $9.59 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 0.58 and a beta of 1.43.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $7.35 billion during the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same period last year, the business earned $0.22 EPS. As a group, research analysts anticipate that Paramount Skydance Corporation will post 0.62 EPS for the current year.

Paramount Skydance News Summary

Here are the key news stories impacting Paramount Skydance this week:

• Negative Sentiment: A federal judge granted a 14-day temporary restraining order, pausing the Paramount Skydance-Warner Bros. Discovery merger while the court reviews a lawsuit from 12 state attorneys general over antitrust concerns. Judge orders Paramount to temporarily pause Warner Bros acquisition
• Negative Sentiment: Multiple reports say the pause creates new execution risk for PSKY’s blockbuster merger plan, raising the chance of delay, renegotiation, or a more difficult path to closing the transaction. Paramount and Warner Bros. merger hit with temporary restraining order
• Neutral Sentiment: Commentary around the deal suggests the legal setback is the main driver for PSKY trading near record lows, with investors now waiting for the court process and any response from the companies. Paramount Stock Drops After Judge Temporarily Pauses Warner Bros. Acquisition

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PSKY. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research report on Wednesday, June 24th. Wells Fargo & Company decreased their target price on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Guggenheim lowered their price target on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley raised shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $11.00 to $14.00 in a research report on Thursday, April 30th. Finally, Arete Research restated a “sell” rating and set a $2.00 price objective on shares of Paramount Skydance in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat.com, Paramount Skydance has a consensus rating of “Reduce” and an average price target of $12.00.

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.