83,512 Shares in Paramount Skydance Corporation $PSKY Purchased by State of Michigan Retirement System

State of Michigan Retirement System purchased a new stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 83,512 shares of the company’s stock, valued at approximately $1,580,000.

A number of other large investors have also added to or reduced their stakes in PSKY. Versant Capital Management Inc purchased a new stake in Paramount Skydance during the third quarter valued at $39,000. Private Trust Co. NA purchased a new stake in shares of Paramount Skydance during the third quarter valued at $47,000. Guerra Advisors Inc purchased a new stake in Paramount Skydance in the 3rd quarter valued at about $48,000. Sound Income Strategies LLC bought a new position in Paramount Skydance in the third quarter worth approximately $49,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Paramount Skydance during the 3rd quarter worth $53,000. Institutional investors own 73.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PSKY shares. 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. Wolfe Research reaffirmed an “underperform” rating and set a $13.00 target price on shares of Paramount Skydance in a research report on Monday, December 15th. Wall Street Zen raised shares of Paramount Skydance to a “hold” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. raised their price objective on Paramount Skydance from $10.00 to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $16.00 price target on shares of Paramount Skydance in a report on Wednesday, November 12th. One research 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’s stock. According to MarketBeat.com, Paramount Skydance presently has an average rating of “Reduce” and an average price target of $14.00.

More Paramount Skydance News

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 Stock Down 6.9%

Shares of NASDAQ PSKY opened at $10.25 on Friday. Paramount Skydance Corporation has a 52-week low of $9.95 and a 52-week high of $20.86. The firm has a 50-day moving average of $12.44. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of -341.55 and a beta of 1.23.

Paramount Skydance (NASDAQ:PSKY) last announced its 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 for the quarter, compared to analyst estimates of $6.79 billion. During the same period in the previous year, the company earned $0.49 EPS. Paramount Skydance’s revenue was up 0% compared to the same quarter last year.

Paramount Skydance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were issued a $0.05 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.20 dividend on an annualized basis and a yield of 2.0%. Paramount Skydance’s dividend payout ratio is presently -666.67%.

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.