Paramount Skydance Corporation $PSKY Holdings Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in Paramount Skydance Corporation (NASDAQ:PSKY) by 126.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 459,802 shares of the company’s stock after purchasing an additional 256,748 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Paramount Skydance were worth $4,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Paramount Skydance by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 36,006,077 shares of the company’s stock worth $482,481,000 after buying an additional 132,613 shares during the period. Hoertkorn Richard Charles acquired a new stake in shares of Paramount Skydance during the fourth quarter valued at approximately $3,708,000. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Paramount Skydance during the first quarter valued at approximately $1,623,000. Corrado Advisors LLC purchased a new stake in shares of Paramount Skydance in the 1st quarter valued at approximately $1,254,000. Finally, LTS Liquid Investments LLC lifted its position in shares of Paramount Skydance by 68.7% in the 1st quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the company’s stock valued at $18,316,000 after acquiring an additional 827,248 shares in the last quarter. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Analyst Ratings Changes

PSKY has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday, June 24th. TD Cowen lowered their price target on Paramount Skydance from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday. Benchmark dropped their price target on Paramount Skydance from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley raised Paramount Skydance from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $11.00 to $14.00 in a research note on Thursday, April 30th. Finally, Arete Research reaffirmed a “sell” rating and set a $2.00 target price on shares of Paramount Skydance in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $11.14.

Key Stories Impacting Paramount Skydance

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: The U.K. Competition and Markets Authority cleared Paramount Skydance’s acquisition of Warner Bros. Discovery, removing a major regulatory hurdle and strengthening the transaction’s prospects. The deal still requires resolution of U.S. litigation. U.K. Competition and Markets Authority approval
• Positive Sentiment: Lionsgate CEO Jon Feltheimer endorsed CEO David Ellison’s leadership and the Paramount-Warner Bros. Discovery transaction, arguing that prolonged uncertainty is harmful to the media industry. Lionsgate CEO endorsement
• Positive Sentiment: Paramount Skydance exceeded second-quarter earnings and revenue expectations. Analysts cited direct-to-consumer growth, a studio turnaround and cost discipline as offsets to weakness in TV Media, while management provided a solid third-quarter outlook. PSKY earnings and outlook
• Positive Sentiment: Paramount+ subscribers approached 82 million, with the company reporting its strongest retention quarter to date, supporting the investment case for its streaming business. PSKY earnings call highlights
• Positive Sentiment: Benchmark maintained a “buy” rating despite lowering its price target to $16 from $19, still implying substantial potential upside from recent trading levels. Benchmark price target update
• Neutral Sentiment: Paramount CEO David Ellison said the company expects to prevail in the U.S. courtroom fight over the Warner Bros. Discovery acquisition, but a trial is not expected until March, extending uncertainty around timing and completion.
• Negative Sentiment: Warner Bros. Discovery reported declining revenue and narrower profit amid a large charge, while state attorneys general continue efforts to block the acquisition. These developments could increase execution, legal and integration risks for PSKY. Warner Bros. Discovery results

Paramount Skydance Price Performance

Shares of NASDAQ:PSKY opened at $9.06 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. Paramount Skydance Corporation has a 1 year low of $7.62 and a 1 year high of $20.86. The business has a fifty day simple moving average of $9.53 and a 200 day simple moving average of $10.25. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 0.60 and a beta of 1.45.

Paramount Skydance (NASDAQ:PSKY) last issued its earnings results on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%.The firm had revenue of $6.91 billion for the quarter. As a group, sell-side analysts predict that Paramount Skydance Corporation will post 0.6 earnings per share for the current fiscal year.

Paramount Skydance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.2%. Paramount Skydance’s payout ratio is presently 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.