634,432 Shares in Paramount Skydance Corporation $PSKY Bought by Poehling Capital Management INC.

Poehling Capital Management INC. purchased a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 634,432 shares of the company’s stock, valued at approximately $12,003,000. Paramount Skydance makes up about 2.5% of Poehling Capital Management INC.’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc purchased a new position in shares of Paramount Skydance during the 3rd quarter valued at approximately $39,000. Private Trust Co. NA acquired a new stake in Paramount Skydance in the third quarter valued at $47,000. Guerra Advisors Inc acquired a new stake in Paramount Skydance in the third quarter valued at $48,000. Sound Income Strategies LLC bought a new position in Paramount Skydance during the 3rd quarter valued at $49,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Paramount Skydance during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Analyst Ratings Changes

PSKY has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on shares of Paramount Skydance from $12.00 to $14.00 and gave the company an “in-line” rating in a research note on Tuesday, November 11th. Argus initiated coverage on Paramount Skydance in a report on Monday, October 13th. They issued a “hold” rating and a $17.00 price objective for the company. Wells Fargo & Company upped their price objective on Paramount Skydance from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Bank of America increased their target price on Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, Paramount Skydance currently has an average rating of “Strong Sell” and an average price target of $14.00.

Paramount Skydance Stock Down 2.1%

PSKY opened at $10.52 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. The stock’s 50-day simple moving average is $12.91. Paramount Skydance Corporation has a fifty-two week low of $9.95 and a fifty-two week high of $20.86. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of -350.55 and a beta of 1.23.

Paramount Skydance (NASDAQ:PSKY) last issued its earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). The company had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.79 billion. Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The business’s revenue was up 0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share.

Paramount Skydance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, December 18th. Paramount Skydance’s dividend payout ratio is presently -666.67%.

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.