State of Michigan Retirement System Buys Shares of 83,512 Paramount Skydance Corporation $PSKY

State of Michigan Retirement System bought a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 83,512 shares of the company’s stock, valued at approximately $1,580,000.

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

Analysts Set New Price Targets

A number of research analysts recently commented on PSKY shares. Bank of America increased their target price on shares of Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Monday, December 29th. Wells Fargo & Company raised their price objective on shares of 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 raised their target price on Paramount Skydance from $12.00 to $14.00 and gave the company an “in-line” rating in a report on Tuesday, November 11th. Finally, Zacks Research raised Paramount Skydance from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat, Paramount Skydance currently has a consensus rating of “Reduce” and an average target price of $14.00.

Paramount Skydance Price Performance

Paramount Skydance stock opened at $10.25 on Friday. The firm has a market cap of $10.98 billion, a PE ratio of -341.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 1.16. Paramount Skydance Corporation has a 12-month low of $9.95 and a 12-month high of $20.86. The business’s 50-day moving average price is $12.44.

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

Paramount Skydance Announces Dividend

The company 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 2.0%. The ex-dividend date of this dividend was Thursday, December 18th. Paramount Skydance’s payout ratio is -666.67%.

Key Headlines Impacting Paramount Skydance

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

• Positive Sentiment: Paramount sweetened and restructured its $30/share takeover bid for Warner Bros. Discovery — adding a “ticking” fee (price increases if regulators delay closing) and commitments to cover the $2.8B Netflix termination fee — a move that materially improves the appeal of Paramount’s offer to WBD shareholders. Strategic Masterstroke
• Positive Sentiment: Paramount formally amended and enhanced its $30 per-share tender (includes additional cash incentives/sweetener), keeping pressure on the Netflix agreement and increasing the likelihood of a bidding contest. Paramount Amended Offer
• Positive Sentiment: Activist investors (Ancora and others) are publicly criticizing the Netflix deal and urging WBD’s board to engage with Paramount — their pressure increases the chance WBD shareholders or the board re-evaluate and could trigger a proxy/board battle. Activist Investor Pressure
• Positive Sentiment: Paramount is recruiting Matthew Halbower (Pentwater) as a potential Warner Bros. board candidate to help oppose the Netflix tie-up — a sign Paramount is preparing a high-profile proxy/board campaign. Reuters: Halbower
• Positive Sentiment: Non-M&A commercial news: Paramount signed a multi-year global licensing deal with Mattel for Teenage Mutant Ninja Turtles — a modest revenue/licensing positive. TMNT Licensing
• Neutral Sentiment: CEO interview/video coverage touched on broader macro and company topics (Google Gemini, mortgage rates, politics) — media visibility but not directly market-moving for PSKY’s takeover storyline. CEO Interview
• Negative Sentiment: Execution and financing risk: raising and sweetening a hostile, all-cash $30 bid increases Paramount’s financing needs, regulatory exposure and potential dilution/debt — all key reasons investors trimmed PSKY shares despite the aggressive strategy. (Company also reported an EPS miss in November, which keeps sentiment cautious.)

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.