Exchange Traded Concepts LLC Decreases Position in Paramount Skydance Corporation $PSKY

Exchange Traded Concepts LLC lessened its holdings in Paramount Skydance Corporation (NASDAQ:PSKYFree Report) by 93.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,342 shares of the company’s stock after selling 227,546 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Paramount Skydance were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new position in Paramount Skydance in the 3rd quarter worth $25,000. Kelleher Financial Advisors purchased a new position in Paramount Skydance in the 3rd quarter worth $32,000. Center for Financial Planning Inc. purchased a new position in Paramount Skydance in the 3rd quarter worth $35,000. Versant Capital Management Inc purchased a new position in Paramount Skydance in the 3rd quarter worth $39,000. Finally, Addison Advisors LLC purchased a new position in Paramount Skydance in the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Paramount Skydance Trading Up 10.7%

Shares of PSKY opened at $10.90 on Wednesday. The firm’s 50-day moving average price is $10.42 and its 200-day moving average price is $13.48. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.39 and a beta of 1.37. 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 1-year low of $8.61 and a 1-year high of $20.86.

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

Paramount Skydance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Paramount Skydance’s payout ratio is presently 31.75%.

Key Stories Impacting Paramount Skydance

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PSKY shares. Zacks Research upgraded shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. TD Cowen decreased their price objective on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Friday, March 27th. Bank of America decreased their price objective on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 10th. Finally, Wolfe Research restated an “underperform” rating and issued a $13.00 price objective on shares of Paramount Skydance in a research report on Monday, December 15th. One research 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. According to MarketBeat.com, the company presently has an average rating of “Strong Sell” and an average target price of $12.85.

View Our Latest Analysis on PSKY

Paramount Skydance Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding PSKY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paramount Skydance Corporation (NASDAQ:PSKYFree Report).

Institutional Ownership by Quarter for Paramount Skydance (NASDAQ:PSKY)

Receive News & Ratings for Paramount Skydance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Skydance and related companies with MarketBeat.com's FREE daily email newsletter.