389,191 Shares in Paramount Skydance Corporation $PSKY Acquired by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. acquired a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 389,191 shares of the company’s stock, valued at approximately $7,363,000. Paramount Skydance comprises 1.1% of TB Alternative Assets Ltd.’s holdings, making the stock its 22nd biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in shares of Paramount Skydance during the third quarter valued at $4,595,000. U.S. Capital Wealth Advisors LLC bought a new stake in Paramount Skydance in the 3rd quarter valued at about $2,876,000. Czech National Bank bought a new stake in Paramount Skydance in the 3rd quarter valued at about $1,484,000. Pacer Advisors Inc. acquired a new position in Paramount Skydance during the 3rd quarter valued at about $826,000. Finally, Voya Investment Management LLC bought a new position in Paramount Skydance in the 3rd quarter worth about $758,000. 73.00% of the stock is currently owned by institutional investors.

Paramount Skydance Price Performance

PSKY opened at $13.59 on Friday. The business has a 50 day moving average price of $15.10. 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 firm has a market capitalization of $14.56 billion, a P/E ratio of -452.85 and a beta of 1.16. Paramount Skydance Corporation has a 1-year low of $9.95 and a 1-year high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). The firm 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 firm’s quarterly revenue was up 0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS.

Paramount Skydance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, December 18th. Paramount Skydance’s dividend payout ratio is presently -666.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim reiterated a “neutral” rating and set a $16.00 price objective on shares of Paramount Skydance in a research report on Wednesday, November 12th. Evercore ISI lifted their target price on Paramount Skydance from $12.00 to $14.00 and gave the company an “in-line” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. increased their price target on Paramount Skydance from $10.00 to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. Sanford C. Bernstein raised their price target on Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a report on Wednesday, November 12th. Finally, Wolfe Research restated an “underperform” rating and set a $13.00 price objective on shares of Paramount Skydance in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Sell” and a consensus price target of $14.00.

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.