NEOS Investment Management LLC Buys Shares of 53,890 Paramount Skydance Corporation $PSKY

NEOS Investment Management LLC purchased a new position in Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,890 shares of the company’s stock, valued at approximately $1,020,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. purchased a new stake in Paramount Skydance in the 3rd quarter worth approximately $678,726,000. Bank Pictet & Cie Europe AG purchased a new stake in shares of Paramount Skydance during the 3rd quarter valued at $47,983,000. JPMorgan Chase & Co. purchased a new stake in Paramount Skydance during the third quarter valued at about $41,864,000. Poehling Capital Management INC. bought a new stake in Paramount Skydance in the 3rd quarter worth approximately $12,003,000. Finally, Rhumbline Advisers bought a new stake in shares of Paramount Skydance in the 3rd quarter worth approximately $10,716,000. 73.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PSKY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th. Wall Street Zen upgraded Paramount Skydance to a “hold” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. upped their price target on Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Benchmark increased their price objective on Paramount Skydance from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, Zacks Research raised Paramount Skydance from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $14.00.

Paramount Skydance Stock Performance

PSKY stock opened at $10.71 on Friday. Paramount Skydance Corporation has a fifty-two week low of $9.95 and a fifty-two week high of $20.86. The stock’s 50 day moving average price is $12.02. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 1.16. The stock has a market cap of $11.48 billion, a P/E ratio of -356.88 and a beta of 1.23.

Paramount Skydance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 16th. 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.