AXQ Capital LP Takes $1.06 Million Position in Paramount Skydance Corporation $PSKY

AXQ Capital LP bought a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 79,429 shares of the company’s stock, valued at approximately $1,064,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Paramount Skydance by 0.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock worth $1,886,000 after buying an additional 900 shares during the period. CWM LLC grew its position in Paramount Skydance by 20.3% in the 4th quarter. CWM LLC now owns 5,759 shares of the company’s stock valued at $77,000 after purchasing an additional 970 shares during the period. Mather Group LLC. increased its stake in Paramount Skydance by 6.3% during the 4th quarter. Mather Group LLC. now owns 17,137 shares of the company’s stock valued at $230,000 after purchasing an additional 1,009 shares in the last quarter. LSV Asset Management raised its holdings in Paramount Skydance by 0.6% during the fourth quarter. LSV Asset Management now owns 188,868 shares of the company’s stock worth $2,531,000 after buying an additional 1,116 shares during the last quarter. Finally, Huntington National Bank raised its holdings in 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 buying an additional 1,174 shares during the last quarter. 73.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PSKY. Morgan Stanley raised shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $11.00 to $14.00 in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a research note on Friday, March 27th. Guggenheim lowered their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company lowered their target price on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Finally, Bank of America lowered their target price on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat.com, Paramount Skydance presently has a consensus rating of “Reduce” and an average target price of $12.77.

Paramount Skydance Stock Performance

NASDAQ PSKY opened at $10.78 on Wednesday. The company has a market capitalization of $12.06 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.83 and a beta of 1.43. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.10. The company has a 50-day simple moving average of $10.39 and a 200 day simple moving average of $11.80. Paramount Skydance Corporation has a 52-week low of $8.61 and a 52-week high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last posted its earnings results on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $7.35 billion during the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same quarter in the previous year, the business earned $0.22 EPS. On average, research analysts predict that Paramount Skydance Corporation will post 0.54 EPS for the current year.

Paramount Skydance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 15th. Paramount Skydance’s dividend payout ratio (DPR) is 35.09%.

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.