SG Americas Securities LLC increased its position in shares of Paramount Skydance Corporation (NASDAQ:PSKY – Free Report) by 106.4% during the first quarter, Holdings Channel reports. The fund owned 1,597,902 shares of the company’s stock after acquiring an additional 823,629 shares during the quarter. SG Americas Securities LLC’s holdings in Paramount Skydance were worth $14,413,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in Paramount Skydance by 23.9% during the 4th quarter. Hsbc Holdings PLC now owns 545,576 shares of the company’s stock worth $7,312,000 after purchasing an additional 105,218 shares in the last quarter. Stance Capital LLC purchased a new position in shares of Paramount Skydance during the fourth quarter valued at $1,327,000. Corient Private Wealth LLC raised its position in Paramount Skydance by 253.9% during the fourth quarter. Corient Private Wealth LLC now owns 53,980 shares of the company’s stock valued at $721,000 after buying an additional 38,725 shares during the period. Virtu Financial LLC acquired a new position in Paramount Skydance during the fourth quarter valued at $191,000. Finally, Invesco Ltd. lifted its position in shares of Paramount Skydance by 1.0% in the fourth quarter. Invesco Ltd. now owns 15,406,791 shares of the company’s stock worth $206,451,000 after purchasing an additional 155,679 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.
Paramount Skydance Stock Performance
Paramount Skydance stock opened at $9.43 on Friday. The company has a market cap of $10.55 billion, a PE ratio of 16.54, a PEG ratio of 0.73 and a beta of 1.43. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Paramount Skydance Corporation has a 1 year low of $8.61 and a 1 year high of $20.86. The company’s 50-day moving average is $10.55 and its two-hundred day moving average is $11.13.
Paramount Skydance Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, June 15th. Paramount Skydance’s dividend payout ratio is currently 35.09%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on PSKY shares. Morgan Stanley raised Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $11.00 to $14.00 in a research note on Thursday, April 30th. 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 research report on Thursday, February 26th. Bank of America lowered their price objective on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 10th. Guggenheim decreased their target price on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research 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 equities 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $12.77.
Get Our Latest Analysis on Paramount Skydance
Key Paramount Skydance News
Here are the key news stories impacting Paramount Skydance this week:
- Positive Sentiment: Paramount Skydance is reportedly willing to divest its Universal Pictures joint venture to help address EU antitrust concerns and keep its Warner Bros. Discovery acquisition on track, which could improve the odds of regulatory approval. Reuters article on Universal Pictures JV divestiture
- Positive Sentiment: The company announced a new advertising collaboration with Omnicom Media to create more personalized streaming ad units, supporting monetization on Paramount’s streaming platform. PR Newswire article on Omnicom partnership
- Positive Sentiment: A new content licensing deal for 25 hours of Paramount content for YouTube channels suggests continued demand for the company’s library and helps broaden distribution. C21 Media article on content licensing
- Neutral Sentiment: Reports say Paramount’s Warner Bros. Discovery takeover is nearing EU approval, but the stock may still be sensitive to any remaining regulatory hurdles. Seeking Alpha article on EU approval
- Neutral Sentiment: Short-interest data showed no meaningful short positions reported for the latest period, offering little immediate trading signal on its own.
- Negative Sentiment: Investor concern increased after reports that New York and California may sue to block the merger, raising the risk of a protracted legal fight and potential delay. NY Post article on potential state lawsuits
- Negative Sentiment: Another report said Paramount Skydance is bracing for opposition from New York and California, reinforcing worries that state-level resistance could complicate the deal. MSN report on merger opposition
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.
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