53,890 Shares in Paramount Skydance Corporation $PSKY Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC purchased a new stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 53,890 shares of the company’s stock, valued at approximately $1,020,000.

Several other hedge funds have also bought and sold shares of PSKY. New York State Teachers Retirement System bought a new stake in shares of Paramount Skydance during the third quarter valued at approximately $6,980,000. Evergreen Capital Management LLC purchased a new stake in Paramount Skydance during the 3rd quarter valued at $3,696,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Paramount Skydance in the 3rd quarter worth $6,093,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Paramount Skydance in the 3rd quarter worth $4,740,000. Finally, SOL Capital Management CO purchased a new position in shares of Paramount Skydance in the third quarter worth $3,309,000. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Trading Down 2.1%

PSKY opened at $10.71 on Friday. The stock has a 50 day simple moving average of $12.02. The company has a market capitalization of $11.48 billion, a P/E ratio of -356.88 and a beta of 1.23. Paramount Skydance Corporation has a 1-year low of $9.95 and a 1-year high of $20.86. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 1.00.

Paramount Skydance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 16th. This represents a $0.20 annualized dividend and a yield of 1.9%. Paramount Skydance’s payout ratio is -666.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley increased their price objective on Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Tuesday, December 9th. Evercore raised their price target 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. Zacks Research upgraded shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Benchmark lifted their target price on shares of Paramount Skydance from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Bank of America increased their price target on Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average 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.