Eisler Capital Management Ltd. Sells 122,500 Shares of Paramount Global $PARA

Eisler Capital Management Ltd. lessened its position in Paramount Global (NASDAQ:PARA) by 38.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the company’s stock after selling 122,500 shares during the quarter. Eisler Capital Management Ltd.’s holdings in Paramount Global were worth $2,389,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PARA. Vanguard Group Inc. increased its stake in shares of Paramount Global by 1.6% in the first quarter. Vanguard Group Inc. now owns 68,119,342 shares of the company’s stock worth $814,707,000 after purchasing an additional 1,078,976 shares during the period. Ariel Investments LLC boosted its stake in Paramount Global by 3.2% during the 4th quarter. Ariel Investments LLC now owns 14,663,907 shares of the company’s stock valued at $153,384,000 after purchasing an additional 460,539 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Paramount Global by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,879,482 shares of the company’s stock valued at $94,239,000 after buying an additional 136,359 shares during the last quarter. Hudson Bay Capital Management LP increased its position in Paramount Global by 9.0% in the 4th quarter. Hudson Bay Capital Management LP now owns 6,601,039 shares of the company’s stock worth $69,047,000 after buying an additional 545,448 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Paramount Global by 9.1% in the first quarter. Northern Trust Corp now owns 5,976,876 shares of the company’s stock valued at $71,483,000 after acquiring an additional 496,957 shares during the period. 73.00% of the stock is currently owned by institutional investors.

Paramount Global Price Performance

NASDAQ:PARA opened at $11.04 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.39 and a debt-to-equity ratio of 0.83. The firm has a market cap of $7.44 billion, a PE ratio of -367.88, a price-to-earnings-growth ratio of 3.07 and a beta of 1.17. Paramount Global has a 12 month low of $9.95 and a 12 month high of $13.59. The company’s 50-day moving average price is $12.21 and its two-hundred day moving average price is $11.78.

Paramount Global (NASDAQ:PARA) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.09. Paramount Global had a negative net margin of 0.05% and a positive return on equity of 4.51%. The company had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.88 billion. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue was up .5% on a year-over-year basis. On average, equities analysts anticipate that Paramount Global will post 1.77 EPS for the current fiscal year.

Paramount Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th were given a $0.05 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.20 annualized dividend and a yield of 1.8%. Paramount Global’s payout ratio is presently -666.67%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PARA shares. JPMorgan Chase & Co. decreased their price target on shares of Paramount Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 21st. Wells Fargo & Company decreased their target price on Paramount Global from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Friday, August 1st. Seaport Res Ptn lowered Paramount Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 28th. Loop Capital upped their price target on Paramount Global from $10.00 to $11.00 and gave the company a “sell” rating in a report on Friday, July 25th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paramount Global in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $11.70.

About Paramount Global

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.