1,203,343 Shares in Paramount Skydance Corporation $PSKY Purchased by LTS Liquid Investments LLC

LTS Liquid Investments LLC purchased a new stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,203,343 shares of the company’s stock, valued at approximately $16,125,000. Paramount Skydance comprises about 15.3% of LTS Liquid Investments LLC’s holdings, making the stock its 4th biggest position. LTS Liquid Investments LLC owned about 0.11% of Paramount Skydance at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Paramount Skydance by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 36,006,077 shares of the company’s stock valued at $482,481,000 after buying an additional 132,613 shares during the last quarter. State Street Corp acquired a new stake in Paramount Skydance in the third quarter valued at approximately $524,371,000. Invesco Ltd. acquired a new stake in Paramount Skydance in the third quarter valued at approximately $288,551,000. Barclays PLC acquired a new stake in Paramount Skydance in the third quarter valued at approximately $258,196,000. Finally, Contrarius Group Holdings Ltd acquired a new stake in Paramount Skydance in the third quarter valued at approximately $186,674,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PSKY. Wells Fargo & Company lowered their target price on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Guggenheim lowered their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Friday, March 27th. Bank of America lowered their target price on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a research note on Tuesday, March 10th. Finally, Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their target price for the company from $11.00 to $14.00 in a research note on Thursday, April 30th. 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 stock. According to data from MarketBeat, Paramount Skydance currently has a consensus rating of “Reduce” and an average price target of $12.77.

Paramount Skydance Stock Performance

Shares of Paramount Skydance stock opened at $10.22 on Monday. The firm has a market capitalization of $11.44 billion, a P/E ratio of 17.93, a PEG ratio of 0.76 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average price of $10.50 and a 200 day moving average price of $11.66. Paramount Skydance Corporation has a 52 week low of $8.61 and a 52 week high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $7.35 billion during the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same period in the previous year, the business earned $0.22 earnings per share. Sell-side analysts expect that Paramount Skydance Corporation will post 0.55 EPS for the current year.

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 given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 15th. Paramount Skydance’s dividend payout ratio (DPR) is presently 35.09%.

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.