Paramount Skydance Sees Unusually Large Options Volume (NASDAQ:PSKY)

Paramount Skydance Corporation (NASDAQ:PSKY) saw some unusual options trading on Monday. Traders bought 30,702 put options on the company. This represents an increase of approximately 45% compared to the typical volume of 21,171 put options.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Paramount Skydance by 0.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock worth $1,886,000 after buying an additional 900 shares in the last quarter. CWM LLC lifted its holdings in Paramount Skydance by 20.3% in the 4th quarter. CWM LLC now owns 5,759 shares of the company’s stock worth $77,000 after purchasing an additional 970 shares in the last quarter. Mather Group LLC. boosted its stake in Paramount Skydance by 6.3% in the 4th quarter. Mather Group LLC. now owns 17,137 shares of the company’s stock worth $230,000 after purchasing an additional 1,009 shares during the period. LSV Asset Management raised its position in shares of Paramount Skydance by 0.6% during the fourth quarter. LSV Asset Management now owns 188,868 shares of the company’s stock valued at $2,531,000 after buying an additional 1,116 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Paramount Skydance by 108.2% during the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after acquiring an additional 1,174 shares during the last quarter. Institutional investors own 73.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on PSKY. Bank of America dropped their target price on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 10th. Guggenheim raised their price objective on shares of Paramount Skydance from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Zacks Research upgraded shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Wells Fargo & Company began coverage on shares of Paramount Skydance in a report on Monday, March 9th. They set a “strong sell” rating and a $10.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus price target of $13.00.

Paramount Skydance Stock Performance

Shares of PSKY stock traded up $0.12 during trading hours on Monday, reaching $8.91. 3,319,291 shares of the company traded hands, compared to its average volume of 11,399,590. The firm has a 50-day moving average price of $10.72 and a 200 day moving average price of $13.90. The company has a market cap of $9.90 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.36 and a beta of 1.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.26 and a quick ratio of 1.12. Paramount Skydance has a 12-month low of $8.61 and a 12-month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last released its earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $999.02. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.82%. The company had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.17 billion.

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 given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, March 16th. Paramount Skydance’s dividend payout ratio (DPR) is presently 31.75%.

Paramount Skydance Company 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.