Linden Thomas Advisory Services LLC Acquires Shares of 85,460 Paramount Skydance Corporation $PSKY

Linden Thomas Advisory Services LLC bought a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 85,460 shares of the company’s stock, valued at approximately $1,617,000.

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

Analyst Ratings Changes

PSKY has been the topic of a number of analyst reports. Wolfe Research reiterated an “underperform” rating and set a $13.00 price objective on shares of Paramount Skydance in a research note on Monday, December 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Monday, December 29th. Bank of America lifted their price objective on shares of Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a research note on Tuesday, November 11th. Sanford C. Bernstein upped their target price on Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 12th. Finally, Zacks Research upgraded Paramount Skydance from a “strong sell” rating to a “hold” rating in a research note on Friday. One investment 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.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $14.00.

Paramount Skydance Price Performance

Shares of NASDAQ:PSKY opened at $10.68 on Tuesday. Paramount Skydance Corporation has a one year low of $9.95 and a one year high of $20.86. 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 cap of $11.45 billion, a P/E ratio of -355.88 and a beta of 1.24. The company has a 50 day moving average of $12.70.

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

Paramount Skydance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Paramount Skydance’s dividend payout ratio (DPR) is -666.67%.

Paramount Skydance 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.