LSV Asset Management Invests $3.55 Million in Paramount Skydance Corporation $PSKY

LSV Asset Management bought a new stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) during the 3rd quarter, Holdings Channel reports. The fund bought 187,752 shares of the company’s stock, valued at approximately $3,552,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank Pictet & Cie Europe AG bought a new stake in Paramount Skydance in the third quarter valued at $47,983,000. Poehling Capital Management INC. purchased a new stake in shares of Paramount Skydance in the 3rd quarter worth about $12,003,000. Rhumbline Advisers purchased a new stake in shares of Paramount Skydance in the 3rd quarter worth about $10,716,000. SG Americas Securities LLC bought a new stake in shares of Paramount Skydance during the 3rd quarter valued at about $9,370,000. Finally, TB Alternative Assets Ltd. purchased a new position in shares of Paramount Skydance during the third quarter valued at about $7,363,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PSKY. Wall Street Zen upgraded shares of Paramount Skydance to a “hold” rating in a report on Saturday, November 15th. Sanford C. Bernstein increased their target price on Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 12th. Morgan Stanley raised their target price on Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Benchmark lifted their price target on Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on Paramount Skydance from $10.00 to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $14.00.

Paramount Skydance Trading Up 0.7%

Paramount Skydance stock opened at $10.32 on Monday. Paramount Skydance Corporation has a 12 month low of $9.95 and a 12 month high of $20.86. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 1.00. The business has a fifty day moving average of $12.38. The company has a market capitalization of $11.06 billion, a P/E ratio of -343.89 and a beta of 1.24.

Paramount Skydance Announces Dividend

The company 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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, March 16th. Paramount Skydance’s dividend payout ratio (DPR) is currently -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.