Paramount Skydance Corporation $PSKY Stock Position Lifted by Lingotto Investment Management LLP

Lingotto Investment Management LLP lifted its position in Paramount Skydance Corporation (NASDAQ:PSKY) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,193,833 shares of the company’s stock after buying an additional 105,208 shares during the period. Paramount Skydance makes up about 11.0% of Lingotto Investment Management LLP’s portfolio, making the stock its 3rd largest position. Lingotto Investment Management LLP owned approximately 4.40% of Paramount Skydance worth $632,397,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PSKY. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Paramount Skydance in the 3rd quarter worth approximately $796,000. Teacher Retirement System of Texas purchased a new position in shares of Paramount Skydance in the 3rd quarter worth approximately $791,000. Retirement Systems of Alabama purchased a new position in shares of Paramount Skydance in the 3rd quarter worth approximately $1,616,000. Truist Financial Corp purchased a new position in shares of Paramount Skydance in the 3rd quarter worth approximately $208,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Paramount Skydance in the 3rd quarter worth approximately $924,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Paramount Skydance Stock Performance

Shares of NASDAQ PSKY opened at $10.98 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Paramount Skydance Corporation has a 12 month low of $8.61 and a 12 month high of $20.86. The company has a 50 day simple moving average of $10.39 and a two-hundred day simple moving average of $11.80. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 0.81 and a beta of 1.43.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. The business had revenue of $7.35 billion during the quarter. During the same quarter in the previous year, the firm posted $0.22 earnings per share. As a group, analysts predict that Paramount Skydance Corporation will post 0.54 earnings per share for the current year.

Paramount Skydance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, June 15th. Paramount Skydance’s payout ratio is presently 35.09%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TD Cowen lowered their target price on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Wells Fargo & Company lowered their target price on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Guggenheim lowered their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Friday, March 27th. Finally, Bank of America lowered their target price on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.77.

About Paramount Skydance

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.