Universal Beteiligungs und Servicegesellschaft mbH Invests $1.07 Million in Paramount Skydance Corporation $PSKY

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,606 shares of the company’s stock, valued at approximately $1,071,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sage Mountain Advisors LLC acquired a new position in Paramount Skydance during the 3rd quarter worth approximately $256,000. Inscription Capital LLC acquired a new position in shares of Paramount Skydance during the third quarter worth $349,000. Wealth Enhancement Advisory Services LLC purchased a new position in Paramount Skydance in the third quarter valued at $796,000. Smith Thornton Advisors LLC purchased a new position in Paramount Skydance in the third quarter valued at $379,000. Finally, Amalgamated Bank acquired a new stake in Paramount Skydance in the third quarter valued at $815,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PSKY shares. Wall Street Zen raised Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. UBS Group increased their price target 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. Sanford C. Bernstein raised their price objective on shares of Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a report on Wednesday, November 12th. Bank of America upped their target price on shares of Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Sell” and a consensus target price of $14.00.

Paramount Skydance Price Performance

Shares of Paramount Skydance stock opened at $11.21 on Friday. The firm has a fifty day simple moving average of $13.29. Paramount Skydance Corporation has a 12 month low of $9.95 and a 12 month high of $20.86. The firm has a market cap of $12.01 billion, a PE ratio of -373.54 and a beta of 1.17. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 1.00.

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

Paramount Skydance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.20 annualized dividend and a yield of 1.8%. Paramount Skydance’s dividend payout ratio is currently -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.