LTS Liquid Investments LLC Makes New Investment in Paramount Skydance Corporation $PSKY

LTS Liquid Investments LLC purchased a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,203,343 shares of the company’s stock, valued at approximately $16,125,000. Paramount Skydance comprises about 15.3% of LTS Liquid Investments LLC’s holdings, making the stock its 4th biggest holding.

Other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new position in Paramount Skydance during the 3rd quarter worth approximately $25,000. Huntington National Bank raised 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 buying an additional 1,174 shares during the last quarter. Larson Financial Group LLC raised its position in Paramount Skydance by 539.3% during the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after buying an additional 1,936 shares during the last quarter. Kelleher Financial Advisors purchased a new position in Paramount Skydance during the 3rd quarter worth approximately $32,000. Finally, Center for Financial Planning Inc. purchased a new position in Paramount Skydance during the 3rd quarter worth approximately $35,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Paramount Skydance Price Performance

NASDAQ:PSKY opened at $10.22 on Monday. 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 $11.44 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.76 and a beta of 1.43. The company has a 50 day moving average price of $10.50 and a 200-day moving average price of $11.66. Paramount Skydance Corporation has a 1-year low of $8.61 and a 1-year high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last posted its earnings results on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $7.35 billion during the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same period last year, the firm earned $0.22 earnings per share. Equities research analysts forecast that Paramount Skydance Corporation will post 0.55 EPS for the current year.

Paramount Skydance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 15th. Paramount Skydance’s payout ratio is 35.09%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Guggenheim reduced their price target on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research report on Friday, March 27th. TD Cowen reduced their price target 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. Wells Fargo & Company reduced their price target on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Finally, Bank of America reduced their price target on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat, Paramount Skydance presently has an average rating of “Reduce” and an average target price of $12.77.

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.