Poehling Capital Management INC. Buys New Position in Paramount Skydance Corporation $PSKY

Poehling Capital Management INC. bought a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 634,432 shares of the company’s stock, valued at approximately $12,003,000. Paramount Skydance makes up about 2.5% of Poehling Capital Management INC.’s investment portfolio, making the stock its 9th largest position. Poehling Capital Management INC. owned about 0.09% of Paramount Skydance at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Paramount Skydance in the third quarter valued at approximately $39,000. Private Trust Co. NA purchased a new stake in Paramount Skydance in the 3rd quarter worth approximately $47,000. Guerra Advisors Inc acquired a new position in Paramount Skydance in the 3rd quarter valued at $48,000. Sound Income Strategies LLC purchased a new position in shares of Paramount Skydance during the 3rd quarter worth $49,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Paramount Skydance during the 3rd quarter worth $53,000. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Paramount Skydance Trading Down 2.1%

PSKY stock opened at $10.52 on Friday. The stock has a market capitalization of $11.27 billion, a P/E ratio of -350.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. The firm’s 50-day moving average price is $12.91. Paramount Skydance Corporation has a 12-month low of $9.95 and a 12-month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last released its quarterly earnings data on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.79 billion. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was up 0% compared to the same quarter last year.

Paramount Skydance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, December 18th. Paramount Skydance’s payout ratio is -666.67%.

Analyst Ratings Changes

A number of brokerages have recently commented on PSKY. Argus began coverage on Paramount Skydance in a research report on Monday, October 13th. They issued a “hold” rating and a $17.00 price objective for the company. Sanford C. Bernstein raised their price target on Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 12th. Benchmark lifted their price target on Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Guggenheim reiterated a “neutral” rating and set a $16.00 price objective on shares of Paramount Skydance in a report on Wednesday, November 12th. Finally, Wall Street Zen raised shares of Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paramount Skydance currently has an average rating of “Strong Sell” and a consensus price target of $14.00.

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.