Paramount Skydance Corporation $PSKY Shares Purchased by MTCO Ltd.

MTCO Ltd. lifted its holdings in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 133.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,300,000 shares of the company’s stock after acquiring an additional 3,600,000 shares during the period. Paramount Skydance makes up 21.1% of MTCO Ltd.’s holdings, making the stock its 2nd biggest holding. MTCO Ltd. owned 0.57% of Paramount Skydance worth $56,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlas Brown Inc. boosted its stake in Paramount Skydance by 6.8% during the 1st quarter. Atlas Brown Inc. now owns 41,246 shares of the company’s stock valued at $372,000 after purchasing an additional 2,633 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Paramount Skydance by 106.4% in the first quarter. SG Americas Securities LLC now owns 1,597,902 shares of the company’s stock worth $14,413,000 after purchasing an additional 823,629 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Paramount Skydance by 23.9% in the fourth quarter. Hsbc Holdings PLC now owns 545,576 shares of the company’s stock worth $7,312,000 after purchasing an additional 105,218 shares during the last quarter. Stance Capital LLC bought a new position in shares of Paramount Skydance in the fourth quarter valued at approximately $1,327,000. Finally, Corient Private Wealth LLC boosted its position in shares of Paramount Skydance by 253.9% during the fourth quarter. Corient Private Wealth LLC now owns 53,980 shares of the company’s stock valued at $721,000 after buying an additional 38,725 shares during the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Skydance Stock Performance

PSKY stock opened at $9.75 on Thursday. The firm has a market cap of $10.91 billion, a PE ratio of 17.11, a P/E/G ratio of 0.73 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average of $10.59 and a 200-day moving average of $11.16. Paramount Skydance Corporation has a 12-month low of $8.61 and a 12-month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.The business had revenue of $7.35 billion for the quarter. During the same quarter last year, the business posted $0.22 earnings per share. As a group, sell-side analysts expect that Paramount Skydance Corporation will post 0.55 earnings per share for the current year.

Paramount Skydance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. Paramount Skydance’s dividend payout ratio (DPR) is currently 35.09%.

Wall Street Analyst Weigh In

PSKY has been the subject of several recent research reports. Bank of America decreased their price target on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a report on Tuesday, March 10th. Wells Fargo & Company cut their price objective on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. TD Cowen reduced their target price on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Guggenheim reduced their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and increased their target price for the company from $11.00 to $14.00 in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $12.77.

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.