Inceptionr LLC Makes New Investment in Paramount Skydance Corporation $PSKY

Inceptionr LLC acquired a new stake in Paramount Skydance Corporation (NASDAQ:PSKYFree Report) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 70,089 shares of the company’s stock, valued at approximately $632,000.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Paramount Skydance by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 36,006,077 shares of the company’s stock worth $482,481,000 after buying an additional 132,613 shares in the last quarter. State Street Corp bought a new stake in Paramount Skydance during the 3rd quarter valued at $524,371,000. Invesco Ltd. boosted its position in Paramount Skydance by 1.0% during the 4th quarter. Invesco Ltd. now owns 15,406,791 shares of the company’s stock worth $206,451,000 after acquiring an additional 155,679 shares during the period. Contrarius Group Holdings Ltd boosted its position in Paramount Skydance by 52.9% during the 4th quarter. Contrarius Group Holdings Ltd now owns 15,088,097 shares of the company’s stock worth $202,180,000 after acquiring an additional 5,221,622 shares during the period. Finally, MTCO Ltd. grew its stake in shares of Paramount Skydance by 133.3% in the first quarter. MTCO Ltd. now owns 6,300,000 shares of the company’s stock worth $56,826,000 after purchasing an additional 3,600,000 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Skydance Price Performance

PSKY opened at $8.21 on Friday. The firm has a market capitalization of $9.19 billion, a P/E ratio of 14.40, a PEG ratio of 0.54 and a beta of 1.43. The stock has a fifty day moving average of $9.90 and a 200-day moving average of $10.52. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. Paramount Skydance Corporation has a 12-month low of $8.17 and a 12-month high of $20.86.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $7.35 billion for the quarter. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.During the same quarter in the prior year, the firm posted $0.22 EPS. Equities analysts forecast that Paramount Skydance Corporation will post 0.62 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.05 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 2.4%. Paramount Skydance’s dividend payout ratio is presently 35.09%.

More Paramount Skydance News

Here are the key news stories impacting Paramount Skydance this week:

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley raised Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their price target for the company from $11.00 to $14.00 in a report on Thursday, April 30th. Guggenheim lowered their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a report on Wednesday, June 24th. Wells Fargo & Company dropped their price objective on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. Finally, Arete Research reaffirmed a “sell” rating and set a $2.00 target price on shares of Paramount Skydance in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $12.00.

Read Our Latest Stock Analysis on PSKY

About Paramount Skydance

(Free Report)

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.

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Institutional Ownership by Quarter for Paramount Skydance (NASDAQ:PSKY)

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