Lingotto Investment Management LLP raised its holdings in shares of Paramount Skydance Corporation (NASDAQ:PSKY – Free Report) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,193,833 shares of the company’s stock after buying an additional 105,208 shares during the quarter. Paramount Skydance comprises approximately 11.0% of Lingotto Investment Management LLP’s holdings, making the stock its 3rd largest holding. Lingotto Investment Management LLP’s holdings in Paramount Skydance were worth $632,397,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in PSKY. CYBER HORNET ETFs LLC purchased a new position in shares of Paramount Skydance during the 3rd quarter valued at approximately $25,000. Huntington National Bank increased its holdings in shares of Paramount Skydance by 108.2% during the 4th 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 holdings 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 valued at $31,000 after purchasing an additional 1,936 shares in the last quarter. Kelleher Financial Advisors purchased a new position in shares of Paramount Skydance during the 3rd quarter valued at approximately $32,000. Finally, Center for Financial Planning Inc. purchased a new position in shares of Paramount Skydance during the 3rd quarter valued at approximately $35,000. 73.00% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on PSKY shares. Bank of America cut 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. Wells Fargo & Company cut 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. TD Cowen cut their target price on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, February 26th. Guggenheim cut 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat, Paramount Skydance has a consensus rating of “Reduce” and a consensus price target of $12.77.
Paramount Skydance Price Performance
Shares of NASDAQ PSKY opened at $10.98 on Tuesday. The firm has a market cap of $12.29 billion, a PE ratio of 19.26, a PEG ratio of 0.81 and a beta of 1.43. The firm has a fifty day moving average of $10.39 and a 200 day moving average of $11.80. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.10. Paramount Skydance Corporation has a one year low of $8.61 and a one year high of $20.86.
Paramount Skydance (NASDAQ:PSKY – Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. The business had revenue of $7.35 billion during the quarter. During the same period in the previous year, the company earned $0.22 EPS. As a group, research analysts predict that Paramount Skydance Corporation will post 0.54 EPS for the current fiscal year.
Paramount Skydance Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Paramount Skydance’s dividend payout ratio is presently 35.09%.
Paramount Skydance Profile
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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