LSV Asset Management Buys New Position in Paramount Skydance Corporation $PSKY

LSV Asset Management purchased a new position in Paramount Skydance Corporation (NASDAQ:PSKY) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 187,752 shares of the company’s stock, valued at approximately $3,552,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Center for Financial Planning Inc. bought a new stake in shares of Paramount Skydance during the 3rd quarter worth $35,000. Versant Capital Management Inc purchased a new stake in Paramount Skydance during the third quarter valued at about $39,000. Private Trust Co. NA bought a new stake in Paramount Skydance during the third quarter worth about $47,000. Guerra Advisors Inc purchased a new position in shares of Paramount Skydance in the 3rd quarter worth about $48,000. Finally, Sound Income Strategies LLC bought a new position in shares of Paramount Skydance during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on PSKY shares. Morgan Stanley upped their target price on Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th. JPMorgan Chase & Co. upped their price objective on shares of Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. Sanford C. Bernstein lifted their target price on shares of Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 12th. Finally, Wall Street Zen raised shares of Paramount Skydance to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $14.00.

Paramount Skydance Stock Up 0.7%

Shares of NASDAQ PSKY opened at $10.32 on Monday. The business has a fifty day moving average price of $12.38. Paramount Skydance Corporation has a 52 week low of $9.95 and a 52 week high of $20.86. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $11.06 billion, a P/E ratio of -343.89 and a beta of 1.24.

Paramount Skydance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Skydance’s dividend payout ratio is -666.67%.

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.