Gradient Investments LLC Invests $2.06 Million in Paramount Skydance Corporation $PSKY

Gradient Investments LLC bought a new stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 209,173 shares of the company’s stock, valued at approximately $2,062,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Paramount Skydance by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 36,006,077 shares of the company’s stock worth $482,481,000 after buying an additional 132,613 shares during the period. State Street Corp purchased a new stake in shares of Paramount Skydance in the third quarter valued at $524,371,000. Invesco Ltd. lifted its holdings in shares of Paramount Skydance by 1.0% in the 4th quarter. Invesco Ltd. now owns 15,406,791 shares of the company’s stock worth $206,451,000 after acquiring an additional 155,679 shares during the last quarter. Contrarius Group Holdings Ltd boosted its stake in shares of Paramount Skydance by 52.9% during the 4th quarter. Contrarius Group Holdings Ltd now owns 15,088,097 shares of the company’s stock worth $202,180,000 after purchasing an additional 5,221,622 shares during the period. Finally, MTCO Ltd. boosted its stake in shares of Paramount Skydance by 21.4% during the 2nd quarter. MTCO Ltd. now owns 7,650,000 shares of the company’s stock worth $75,429,000 after purchasing an additional 1,350,000 shares during the period. 73.00% of the stock is currently owned by institutional investors.

Paramount Skydance Stock Performance

Paramount Skydance stock opened at $9.19 on Monday. The company has a 50 day moving average price of $9.50 and a 200-day moving average price of $10.24. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.88 and a current ratio of 1.04. Paramount Skydance Corporation has a fifty-two week low of $7.62 and a fifty-two week high of $20.86. The company has a market capitalization of $10.29 billion, a PE ratio of 16.12, a P/E/G ratio of 0.60 and a beta of 1.45.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $6.91 billion for the quarter. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. As a group, equities analysts forecast that Paramount Skydance Corporation will post 0.64 earnings per share for the current year.

Paramount Skydance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 15th. Paramount Skydance’s dividend payout ratio is currently 35.09%.

Key Paramount Skydance News

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: The U.K. Competition and Markets Authority approved Paramount Skydance’s acquisition of Warner Bros. Discovery, removing a major regulatory hurdle and improving the perceived probability of closing the transaction. UK Competition and Markets Authority Approves Paramount Skydance Corporation Acquisition of Warner Bros. Discovery
• Positive Sentiment: A federal judge dismissed a consumer lawsuit challenging the Paramount-Warner Bros. Discovery deal, reducing one source of legal uncertainty. Judge Dismisses Consumer Lawsuit Challenging Warner Bros. Paramount Deal
• Positive Sentiment: Morgan Stanley initiated or reiterated a “Buy” view on PSKY, providing additional analyst support for the stock. Paramount Skydance Gets a Buy from Morgan Stanley
• Neutral Sentiment: Lionsgate CEO Jon Feltheimer endorsed the merger, arguing that prolonged uncertainty is harmful to the media industry. His comments support management but do not resolve the transaction’s legal obstacles. Paramount-WBD Deal Endorsed by Lionsgate CEO
• Negative Sentiment: The 12 state attorneys general challenging the merger said Paramount’s U.K. concessions strengthen their U.S. lawsuit, keeping a potentially significant closing risk in place. Paramount’s Warner Concessions Give Credibility to U.S. Lawsuit
• Negative Sentiment: Benchmark lowered its expectations for PSKY’s stock price, while Warner Bros. Discovery reported weaker quarterly revenue and profit, highlighting execution and asset-quality concerns surrounding the proposed combination. Benchmark Lowers Expectations for Paramount Skydance Stock

Wall Street Analysts Forecast Growth

PSKY has been the topic of a number of recent analyst reports. UBS Group reduced their price objective on shares of Paramount Skydance from $10.00 to $8.00 and set a “sell” rating on the stock in a research report on Wednesday. TD Cowen reduced their price target on Paramount Skydance from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday. Guggenheim decreased their price target on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley raised Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $11.00 to $14.00 in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Paramount Skydance from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paramount Skydance presently has a consensus rating of “Reduce” and an average price target of $11.38.

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.