Gamco Investors INC. ET AL Increases Position in Paramount Skydance Corporation $PSKY

Gamco Investors INC. ET AL increased its position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 83.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 179,522 shares of the company’s stock after acquiring an additional 81,463 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Paramount Skydance were worth $1,619,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in Paramount Skydance in the 3rd quarter valued at $25,000. Kelleher Financial Advisors acquired a new stake in shares of Paramount Skydance during the third quarter worth $32,000. Huntington National Bank boosted its holdings in shares of Paramount Skydance by 108.2% during the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after purchasing an additional 1,174 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Paramount Skydance by 539.3% in the fourth quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock valued at $31,000 after purchasing an additional 1,936 shares during the period. Finally, Golden State Wealth Management LLC grew its position in shares of Paramount Skydance by 317.3% in the fourth quarter. Golden State Wealth Management LLC now owns 2,863 shares of the company’s stock valued at $38,000 after purchasing an additional 2,177 shares during the period. 73.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PSKY. Guggenheim dropped their target price on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley raised shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $11.00 to $14.00 in a research note on Thursday, April 30th. Wells Fargo & Company cut their price objective on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Arete Research reissued a “sell” rating and issued a $2.00 target price on shares of Paramount Skydance in a research report on Thursday, July 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, Paramount Skydance presently has an average rating of “Reduce” and a consensus price target of $12.00.

Paramount Skydance Trading Up 0.5%

PSKY stock opened at $8.07 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.53 and a beta of 1.43. The business has a fifty day simple moving average of $9.83 and a 200-day simple moving average of $10.44. Paramount Skydance Corporation has a 52 week low of $7.86 and a 52 week high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last issued its earnings results on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.The firm had revenue of $7.35 billion for the quarter. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities research analysts expect that Paramount Skydance Corporation will post 0.62 EPS for the current year.

Paramount Skydance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Paramount Skydance’s payout ratio is currently 35.09%.

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.