Linden Thomas Advisory Services LLC Purchases New Stake in Paramount Skydance Corporation $PSKY

Linden Thomas Advisory Services LLC acquired a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 85,460 shares of the company’s stock, valued at approximately $1,617,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PSKY. Versant Capital Management Inc bought a new position in Paramount Skydance in the 3rd quarter valued at about $39,000. Private Trust Co. NA bought a new stake in Paramount Skydance during the 3rd quarter worth approximately $47,000. Guerra Advisors Inc bought a new stake in Paramount Skydance during the 3rd quarter worth approximately $48,000. Sound Income Strategies LLC purchased a new stake in shares of Paramount Skydance in the third quarter worth approximately $49,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Paramount Skydance in the third quarter valued at approximately $53,000. 73.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on PSKY. Wells Fargo & Company increased their price target on Paramount Skydance from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Evercore increased their target price on shares of Paramount Skydance from $12.00 to $14.00 and gave the company an “in-line” rating in a report on Tuesday, November 11th. Wolfe Research reissued an “underperform” rating and set a $13.00 price target on shares of Paramount Skydance in a research report on Monday, December 15th. Guggenheim restated a “neutral” rating and set a $16.00 price target on shares of Paramount Skydance in a report on Wednesday, November 12th. Finally, Sanford C. Bernstein increased their price objective on shares of Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $14.00.

Paramount Skydance Stock Performance

PSKY opened at $10.68 on Tuesday. Paramount Skydance Corporation has a fifty-two week low of $9.95 and a fifty-two week high of $20.86. The firm’s 50-day moving average is $12.70. 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 company has a market capitalization of $11.45 billion, a price-to-earnings ratio of -355.88 and a beta of 1.24.

Paramount Skydance (NASDAQ:PSKY) last released its earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The company had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.79 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s revenue was up 0% compared to the same quarter last year.

Paramount Skydance Announces Dividend

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