Aljian Capital Management LLC Has $232,000 Stock Holdings in Paramount Global (NASDAQ:PARA)

Aljian Capital Management LLC reduced its position in Paramount Global (NASDAQ:PARA) by 35.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 22,165 shares of the company’s stock after selling 11,958 shares during the period. Aljian Capital Management LLC’s holdings in Paramount Global were worth $232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC increased its position in Paramount Global by 53.0% in the fourth quarter. Savant Capital LLC now owns 58,240 shares of the company’s stock worth $609,000 after purchasing an additional 20,163 shares during the period. Wilsey Asset Management Inc. grew its position in shares of Paramount Global by 16.2% during the 4th quarter. Wilsey Asset Management Inc. now owns 1,902,332 shares of the company’s stock worth $19,898,000 after buying an additional 265,408 shares during the period. Thompson Investment Management Inc. raised its stake in shares of Paramount Global by 0.7% during the fourth quarter. Thompson Investment Management Inc. now owns 732,805 shares of the company’s stock worth $7,665,000 after buying an additional 5,432 shares during the last quarter. Entropy Technologies LP lifted its holdings in Paramount Global by 155.1% in the fourth quarter. Entropy Technologies LP now owns 182,387 shares of the company’s stock valued at $1,908,000 after buying an additional 110,895 shares during the period. Finally, Empowered Funds LLC boosted its stake in Paramount Global by 442.6% in the fourth quarter. Empowered Funds LLC now owns 58,253 shares of the company’s stock valued at $609,000 after acquiring an additional 47,518 shares during the last quarter. Institutional investors own 73.00% of the company’s stock.

Paramount Global Price Performance

PARA stock opened at $10.64 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. Paramount Global has a fifty-two week low of $9.54 and a fifty-two week high of $14.54. The business has a 50-day moving average of $10.73 and a 200-day moving average of $10.69.

Wall Street Analysts Forecast Growth

PARA has been the subject of several recent research reports. Morgan Stanley upped their target price on shares of Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Needham & Company LLC restated a “hold” rating on shares of Paramount Global in a report on Monday, November 11th. StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Macquarie reiterated an “underperform” rating and issued a $10.00 price target on shares of Paramount Global in a research report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.58.

Paramount Global Profile

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.