Stance Capital LLC Purchases Shares of 99,017 Paramount Skydance Corporation $PSKY

Stance Capital LLC purchased a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 99,017 shares of the company’s stock, valued at approximately $1,327,000.

Several other hedge funds also recently modified their holdings of PSKY. CYBER HORNET ETFs LLC bought a new position in shares of Paramount Skydance in the third quarter valued at approximately $25,000. Huntington National Bank grew its position in Paramount Skydance by 108.2% during the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after acquiring an additional 1,174 shares during the last quarter. Larson Financial Group LLC increased its holdings in Paramount Skydance by 539.3% during the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock valued at $31,000 after purchasing an additional 1,936 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in Paramount Skydance during the 3rd quarter valued at $32,000. Finally, Golden State Wealth Management LLC raised its position in Paramount Skydance by 317.3% in the 4th quarter. Golden State Wealth Management LLC now owns 2,863 shares of the company’s stock valued at $38,000 after purchasing an additional 2,177 shares during the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PSKY. 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. Wells Fargo & Company cut their price target on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $11.00 to $14.00 in a research report on Thursday, April 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a report on Friday, March 27th. Finally, TD Cowen lowered their price objective on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. 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. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $12.77.

Paramount Skydance Stock Performance

PSKY stock opened at $9.94 on Monday. The company has a 50 day moving average price of $10.64 and a 200 day moving average price of $11.27. Paramount Skydance Corporation has a fifty-two week low of $8.61 and a fifty-two week 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 stock has a market capitalization of $11.12 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The firm 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 quarter in the previous year, the business posted $0.22 earnings per share. Analysts forecast that Paramount Skydance Corporation will post 0.55 EPS for the current year.

Paramount Skydance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.20 annualized dividend and a yield of 2.0%. Paramount Skydance’s dividend payout ratio (DPR) is currently 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.