79,429 Shares in Paramount Skydance Corporation $PSKY Bought by AXQ Capital LP

AXQ Capital LP purchased a new position in Paramount Skydance Corporation (NASDAQ:PSKY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 79,429 shares of the company’s stock, valued at approximately $1,064,000.

Other large investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in Paramount Skydance in the third quarter valued at about $25,000. Kelleher Financial Advisors acquired a new stake in shares of Paramount Skydance during the third quarter valued at about $32,000. Center for Financial Planning Inc. acquired a new stake in shares of Paramount Skydance during the third quarter valued at about $35,000. Addison Advisors LLC acquired a new stake in shares of Paramount Skydance during the third quarter valued at about $42,000. Finally, Huntington National Bank boosted its stake 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 valued at $30,000 after purchasing an additional 1,174 shares in the last quarter. 73.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Cowen cut their price target on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research note on Friday, March 27th. Guggenheim cut their price target on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Wells Fargo & Company cut their price target on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. Finally, Morgan Stanley raised Paramount Skydance from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $11.00 to $14.00 in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $12.77.

Paramount Skydance Price Performance

Paramount Skydance stock opened at $10.78 on Wednesday. The stock’s 50 day moving average is $10.39 and its 200 day moving average is $11.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.10 and a quick ratio of 1.00. The firm has a market cap of $12.06 billion, a P/E ratio of 18.91, a P/E/G ratio of 0.83 and a beta of 1.43. Paramount Skydance Corporation has a one year low of $8.61 and a one year high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $7.35 billion for the quarter. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.During the same period in the prior year, the firm earned $0.22 earnings per share. As a group, research analysts expect that Paramount Skydance Corporation will post 0.54 EPS for the current year.

Paramount Skydance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 15th. Paramount Skydance’s dividend payout ratio 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.