Vanguard Personalized Indexing Management LLC Acquires Shares of 250,532 Paramount Skydance Corporation $PSKY

Vanguard Personalized Indexing Management LLC bought a new position in Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, HoldingsChannel.com reports. The fund bought 250,532 shares of the company’s stock, valued at approximately $4,740,000.

Other large investors have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG purchased a new position in Paramount Skydance in the 3rd quarter worth about $47,983,000. SG Americas Securities LLC purchased a new stake in Paramount Skydance in the 3rd quarter valued at about $9,370,000. TB Alternative Assets Ltd. bought a new position in Paramount Skydance in the 3rd quarter worth about $7,363,000. New York State Teachers Retirement System bought a new position in Paramount Skydance in the 3rd quarter worth about $6,980,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Paramount Skydance during the third quarter worth approximately $6,093,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Paramount Skydance Trading Down 1.8%

Shares of NASDAQ PSKY opened at $11.34 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 1.16. The company has a market cap of $12.15 billion, a PE ratio of -377.87 and a beta of 1.17. The firm’s fifty day moving average is $13.47. Paramount Skydance Corporation has a 12-month low of $9.95 and a 12-month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.37). The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.79 billion. Paramount Skydance had a positive return on equity of 3.95% and a negative net margin of 0.95%.The company’s revenue was up 0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share.

Paramount Skydance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were issued a $0.05 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. Paramount Skydance’s payout ratio is currently -666.67%.

Wall Street Analysts Forecast Growth

PSKY has been the subject of a number of research reports. Benchmark boosted their price target on Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. UBS Group lifted their target price on Paramount Skydance from $10.00 to $12.00 and gave the company a “sell” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th. Bank of America raised their price target on Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Paramount Skydance currently has an average rating of “Strong Sell” and a consensus target price of $14.00.

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.