BW Gestao de Investimentos Ltda. Makes New $7.57 Million Investment in Paramount Skydance Corporation $PSKY

BW Gestao de Investimentos Ltda. acquired a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 564,914 shares of the company’s stock, valued at approximately $7,570,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PSKY. Wealth Enhancement Advisory Services LLC acquired a new stake in Paramount Skydance in the third quarter valued at approximately $796,000. Teacher Retirement System of Texas acquired a new stake in Paramount Skydance in the third quarter valued at approximately $791,000. Retirement Systems of Alabama acquired a new stake in Paramount Skydance during the third quarter worth approximately $1,616,000. Truist Financial Corp purchased a new stake in shares of Paramount Skydance during the 3rd quarter worth approximately $208,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Paramount Skydance in the 3rd quarter valued at $924,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Wall Street Analyst Weigh In

PSKY has been the topic of a number of recent analyst reports. TD Cowen dropped their target price on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. Wells Fargo & Company dropped their target price on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Guggenheim dropped their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a research report on Friday, March 27th. Finally, Zacks Research raised shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Two 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, Paramount Skydance has a consensus rating of “Reduce” and a consensus target price of $12.77.

Paramount Skydance Stock Performance

NASDAQ:PSKY opened at $10.98 on Tuesday. The firm’s fifty day moving average price is $10.39 and its 200 day moving average price is $11.80. Paramount Skydance Corporation has a 1-year low of $8.61 and a 1-year high of $20.86. 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 $12.29 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.43.

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

Paramount Skydance Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 15th. Paramount Skydance’s dividend payout ratio (DPR) is 35.09%.

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.