Investors Purchase High Volume of Paramount Skydance Call Options (NASDAQ:PSKY)

Paramount Skydance Corporation (NASDAQ:PSKYGet Free Report) saw unusually large options trading on Wednesday. Investors acquired 42,223 call options on the company. This represents an increase of approximately 60% compared to the typical daily volume of 26,400 call options.

Wall Street Analysts Forecast Growth

PSKY has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Paramount Skydance from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, April 2nd. TD Cowen lowered their price objective on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, February 26th. Zacks Research raised Paramount Skydance from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Bank of America dropped their price objective on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a report on Tuesday, March 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Sell” and an average target price of $12.85.

Check Out Our Latest Research Report on Paramount Skydance

Trending Headlines about Paramount Skydance

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

Paramount Skydance Price Performance

NASDAQ PSKY traded up $0.03 during midday trading on Wednesday, hitting $10.93. The company had a trading volume of 8,374,520 shares, compared to its average volume of 12,062,175. The company has a market capitalization of $12.15 billion, a PE ratio of 17.37, a P/E/G 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. The firm has a 50-day moving average price of $10.42 and a 200-day moving average price of $13.48. Paramount Skydance has a twelve month low of $8.61 and a twelve month high of $20.86.

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

Paramount Skydance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were paid a $0.05 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. Paramount Skydance’s dividend payout ratio (DPR) is presently 31.75%.

Hedge Funds Weigh In On Paramount Skydance

Hedge funds and other institutional investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC bought a new position in shares of Paramount Skydance in the 3rd quarter valued at $25,000. Kelleher Financial Advisors bought a new position in shares of Paramount Skydance in the 3rd quarter valued at $32,000. Center for Financial Planning Inc. bought a new position in shares of Paramount Skydance in the 3rd quarter valued at $35,000. Versant Capital Management Inc bought a new position in shares of Paramount Skydance in the 3rd quarter valued at $39,000. Finally, Addison Advisors LLC bought a new position in shares of Paramount Skydance in the 3rd quarter valued at $42,000. Institutional investors own 73.00% of the company’s stock.

About Paramount Skydance

(Get 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.

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