Contrarius Group Holdings Ltd Has $202.18 Million Holdings in Paramount Skydance Corporation $PSKY

Contrarius Group Holdings Ltd grew its position in Paramount Skydance Corporation (NASDAQ:PSKY) by 52.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,088,097 shares of the company’s stock after acquiring an additional 5,221,622 shares during the quarter. Paramount Skydance makes up approximately 9.8% of Contrarius Group Holdings Ltd’s holdings, making the stock its 3rd largest position. Contrarius Group Holdings Ltd owned 1.41% of Paramount Skydance worth $202,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Paramount Skydance by 0.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock worth $1,886,000 after purchasing an additional 900 shares during the period. CWM LLC lifted its holdings in Paramount Skydance by 20.3% in the fourth quarter. CWM LLC now owns 5,759 shares of the company’s stock worth $77,000 after acquiring an additional 970 shares during the last quarter. Mather Group LLC. lifted its holdings in Paramount Skydance by 6.3% in the fourth quarter. Mather Group LLC. now owns 17,137 shares of the company’s stock worth $230,000 after acquiring an additional 1,009 shares during the last quarter. LSV Asset Management lifted its holdings in Paramount Skydance by 0.6% in the fourth quarter. LSV Asset Management now owns 188,868 shares of the company’s stock worth $2,531,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Paramount Skydance by 108.2% in the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after acquiring an additional 1,174 shares during the last quarter. 73.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Bank of America cut their target price on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a report on Tuesday, March 10th. TD Cowen reduced their price objective on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Morgan Stanley upgraded Paramount Skydance from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $11.00 to $14.00 in a research report on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Friday, March 27th. Finally, Guggenheim lowered 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. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat, Paramount Skydance currently has a consensus rating of “Reduce” and a consensus price target of $12.77.

Paramount Skydance Price Performance

Shares of NASDAQ:PSKY opened at $10.22 on Monday. The firm’s 50 day moving average is $10.50 and its two-hundred day moving average is $11.66. Paramount Skydance Corporation has a 52 week low of $8.61 and a 52 week high of $20.86. The firm has a market capitalization of $11.44 billion, a P/E ratio of 17.93, a PEG ratio of 0.76 and a beta of 1.43. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $7.35 billion for the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same quarter in the previous year, the business posted $0.22 EPS. Analysts anticipate 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. Shareholders of record on Monday, June 15th will be paid 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 yield of 2.0%. Paramount Skydance’s payout ratio is presently 35.09%.

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.