Moors & Cabot Inc. Trims Stock Position in Paramount Skydance Corporation $PSKY

Moors & Cabot Inc. cut its position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 80.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,400 shares of the company’s stock after selling 87,946 shares during the period. Moors & Cabot Inc.’s holdings in Paramount Skydance were worth $287,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Paramount Skydance during the third quarter valued at about $25,000. Huntington National Bank increased its position in shares of Paramount Skydance by 108.2% during the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock valued at $30,000 after acquiring an additional 1,174 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Paramount Skydance by 539.3% during the fourth quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock valued at $31,000 after acquiring an additional 1,936 shares during the last quarter. Kelleher Financial Advisors acquired a new stake in shares of Paramount Skydance during the third quarter valued at about $32,000. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Paramount Skydance during the third quarter valued at about $35,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Paramount Skydance Trading Down 1.8%

Shares of PSKY stock opened at $10.78 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.10. The stock has a market capitalization of $12.06 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.83 and a beta of 1.43. The company has a 50 day moving average price of $10.39 and a 200 day moving average price of $11.80. Paramount Skydance Corporation has a fifty-two week low of $8.61 and a fifty-two week high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data 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 firm had revenue of $7.35 billion during 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 last year, the firm posted $0.22 EPS. Equities research analysts predict that Paramount Skydance Corporation will post 0.54 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. Paramount Skydance’s payout ratio is 35.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TD Cowen dropped their price target on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company dropped their price target on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Friday, March 27th. Zacks Research upgraded shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Guggenheim dropped 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 investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $12.77.

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.