Hussman Strategic Advisors Inc. Takes Position in Paramount Skydance Corporation $PSKY

Hussman Strategic Advisors Inc. purchased a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 147,000 shares of the company’s stock, valued at approximately $1,970,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. bought a new position in Paramount Skydance in the third quarter valued at approximately $678,726,000. State Street Corp bought a new stake in shares of Paramount Skydance during the 3rd quarter valued at $524,371,000. Invesco Ltd. bought a new stake in shares of Paramount Skydance during the 3rd quarter valued at $288,551,000. Barclays PLC acquired a new position in shares of Paramount Skydance in the 3rd quarter valued at $258,196,000. Finally, Contrarius Group Holdings Ltd bought a new position in shares of Paramount Skydance in the 3rd quarter worth $186,674,000. 73.00% of the stock is owned by institutional investors.

Paramount Skydance Stock Performance

PSKY stock opened at $11.09 on Friday. The business’s 50-day moving average price is $10.51 and its two-hundred day moving average price is $12.62. 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 market cap of $12.33 billion, a PE ratio of 17.60, a P/E/G ratio of 0.56 and a beta of 1.43. Paramount Skydance Corporation has a 1-year low of $8.61 and a 1-year high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last posted its earnings results on Wednesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.82%. The business had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.17 billion. As a group, research analysts forecast that Paramount Skydance Corporation will post 0.79 earnings per share for the current year.

Paramount Skydance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.05 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. Paramount Skydance’s payout ratio is currently 31.75%.

Analyst Ratings Changes

PSKY has been the subject of a number of analyst reports. Guggenheim lifted their price objective on Paramount Skydance from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a report on Friday, March 27th. Morgan Stanley upgraded Paramount Skydance from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $11.00 to $14.00 in a research report on Thursday. Bank of America lowered their price target on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a research note on Tuesday, March 10th. Finally, Zacks Research upgraded shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat, Paramount Skydance currently has an average rating of “Reduce” and a consensus price target of $13.00.

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.