Investors Purchase High Volume of Paramount Skydance Call Options (NASDAQ:PSKY)

Paramount Skydance Corporation (NASDAQ:PSKYGet Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors bought 42,223 call options on the stock. This is an increase of 60% compared to the average daily volume of 26,400 call options.

Hedge Funds Weigh In On Paramount Skydance

A number of large investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new position in shares of Paramount Skydance during the third quarter worth approximately $25,000. Kelleher Financial Advisors bought a new position in shares of Paramount Skydance during the third quarter worth approximately $32,000. Center for Financial Planning Inc. bought a new position in shares of Paramount Skydance during the third quarter worth approximately $35,000. Versant Capital Management Inc bought a new position in shares of Paramount Skydance during the third quarter worth approximately $39,000. Finally, Addison Advisors LLC bought a new position in shares of Paramount Skydance during the third quarter worth approximately $42,000. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Stock Performance

NASDAQ:PSKY traded up $0.03 on Wednesday, hitting $10.93. The company’s stock had a trading volume of 8,374,520 shares, compared to its average volume of 12,062,175. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average of $10.42 and a two-hundred day moving average of $13.48. The firm has a market capitalization of $12.15 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 0.39 and a beta of 1.37. Paramount Skydance has a one year low of $8.61 and a one year high of $20.86.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $999.02. The firm had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.17 billion. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%.

Paramount Skydance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th were paid a $0.05 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.20 annualized dividend and a yield of 1.8%. Paramount Skydance’s dividend payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PSKY. TD Cowen reduced their price target on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Wolfe Research reissued an “underperform” rating and set a $13.00 price target on shares of Paramount Skydance in a research report on Monday, December 15th. Wells Fargo & Company reduced their price target on Paramount Skydance from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, April 2nd. Zacks Research raised Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Guggenheim increased their price target on Paramount Skydance from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Paramount Skydance has a consensus rating of “Strong Sell” and an average price target of $12.85.

Read Our Latest Report on Paramount Skydance

Key Headlines Impacting Paramount Skydance

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About Paramount Skydance

(Get Free Report)

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.

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