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

Paramount Skydance Corporation (NASDAQ:PSKY) saw some unusual options trading on Friday. Investors bought 31,086 call options on the company. This represents an increase of approximately 42% compared to the typical volume of 21,957 call options.

Paramount Skydance Stock Performance

Shares of PSKY stock opened at $9.15 on Friday. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 0.37 and a beta of 1.15. Paramount Skydance has a 1-year low of $8.61 and a 1-year high of $20.86. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.03. The stock’s fifty day simple moving average is $11.01 and its 200-day simple moving average is $14.12.

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

Paramount Skydance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, March 16th. Paramount Skydance’s dividend payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

PSKY has been the topic of a number of recent research reports. Bank of America decreased their target price on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a report on Tuesday, March 10th. Guggenheim lifted their price target on Paramount Skydance from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Morgan Stanley boosted their price objective on Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Tuesday, December 9th. TD Cowen decreased their target price on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, February 26th. Finally, Wolfe Research reissued an “underperform” rating and issued a $13.00 target price on shares of Paramount Skydance in a research report on Monday, December 15th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and a consensus target price of $13.00.

Institutional Investors Weigh In On Paramount Skydance

Institutional investors have recently modified their holdings of the stock. CYBER HORNET ETFs LLC purchased a new position in shares of Paramount Skydance during the 3rd quarter valued at $25,000. Kelleher Financial Advisors acquired a new stake in Paramount Skydance during the third quarter valued at $32,000. Center for Financial Planning Inc. acquired a new stake in Paramount Skydance during the third quarter valued at $35,000. Versant Capital Management Inc purchased a new position in Paramount Skydance in the third quarter valued at about $39,000. Finally, Addison Advisors LLC acquired a new position in Paramount Skydance in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

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.