Amalgamated Bank Buys Shares of 43,082 Paramount Skydance Corporation $PSKY

Amalgamated Bank purchased a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 43,082 shares of the company’s stock, valued at approximately $815,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Paramount Skydance in the third quarter valued at $39,000. Private Trust Co. NA purchased a new stake in Paramount Skydance in the 3rd quarter valued at about $47,000. Sound Income Strategies LLC acquired a new position in Paramount Skydance in the third quarter valued at about $49,000. Valley National Advisers Inc. acquired a new position in Paramount Skydance in the third quarter valued at about $68,000. Finally, CWM LLC purchased a new position in Paramount Skydance during the third quarter worth about $91,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PSKY shares. JPMorgan Chase & Co. lifted their target price on shares of Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a report on Tuesday, November 4th. Benchmark raised their price target on Paramount Skydance from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th. Wells Fargo & Company increased their target price on Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Wolfe Research restated an “underperform” rating and set a $13.00 target price on shares of Paramount Skydance in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong Sell” and a consensus target price of $14.00.

Paramount Skydance Stock Performance

PSKY opened at $11.89 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. Paramount Skydance Corporation has a one year low of $9.95 and a one year high of $20.86. The stock has a market cap of $12.74 billion, a P/E ratio of -396.20 and a beta of 1.17. The firm has a 50-day simple moving average of $13.65.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). The company had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.79 billion. Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. Paramount Skydance’s revenue was up 0% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share.

Paramount Skydance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, December 18th. Paramount Skydance’s dividend payout ratio (DPR) is -666.67%.

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.