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

Paramount Skydance Corporation (NASDAQ:PSKYGet Free Report) saw unusually large options trading on Friday. Stock traders bought 52,518 call options on the company. This is an increase of approximately 185% compared to the average volume of 18,436 call options.

Hedge Funds Weigh In On Paramount Skydance

Several hedge funds have recently modified their holdings of the stock. CYBER HORNET ETFs LLC bought a new stake in Paramount Skydance during the third quarter worth about $25,000. Huntington National Bank grew its stake in Paramount Skydance by 108.2% in the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock valued at $30,000 after purchasing an additional 1,174 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Paramount Skydance by 539.3% during the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after purchasing an additional 1,936 shares during the last quarter. Kelleher Financial Advisors bought a new stake in shares of Paramount Skydance during the 3rd quarter worth approximately $32,000. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Paramount Skydance in the 3rd quarter valued at approximately $35,000. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Trading Up 20.8%

NASDAQ:PSKY opened at $13.51 on Friday. The company has a market cap of $14.48 billion, a P/E ratio of 21.11 and a beta of 1.23. Paramount Skydance has a twelve month low of $9.95 and a twelve month high of $20.86. The business has a 50 day moving average price of $11.79 and a two-hundred day moving average price of $14.56. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 1.00.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $999.02. The company had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.17 billion. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.65%.

Paramount Skydance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, March 16th. Paramount Skydance’s payout ratio is presently 31.25%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen raised Paramount Skydance to a “hold” rating in a research note on Saturday, November 15th. Wolfe Research reiterated an “underperform” rating and issued a $13.00 price target on shares of Paramount Skydance in a report on Monday, December 15th. Zacks Research upgraded shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Paramount Skydance from $10.00 to $14.00 and gave the stock an “underweight” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $13.92.

Check Out Our Latest Analysis on 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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