Hoertkorn Richard Charles Has $1.41 Million Holdings in Paramount Skydance Corporation $PSKY

Hoertkorn Richard Charles lessened its stake in Paramount Skydance Corporation (NASDAQ:PSKY) by 43.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,158 shares of the company’s stock after selling 120,565 shares during the quarter. Paramount Skydance comprises approximately 1.2% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 24th biggest holding. Hoertkorn Richard Charles’ holdings in Paramount Skydance were worth $1,409,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PSKY. Personal CFO Solutions LLC grew its stake in shares of Paramount Skydance by 20.7% during the first quarter. Personal CFO Solutions LLC now owns 34,945 shares of the company’s stock valued at $317,000 after purchasing an additional 5,995 shares during the last quarter. LTS Liquid Investments LLC raised its position in Paramount Skydance by 68.7% in the 1st quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the company’s stock worth $18,316,000 after purchasing an additional 827,248 shares during the last quarter. R Squared Ltd bought a new position in Paramount Skydance in the 1st quarter worth approximately $125,000. Greatmark Investment Partners Inc. lifted its holdings in Paramount Skydance by 40.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 151,558 shares of the company’s stock worth $1,367,000 after buying an additional 43,289 shares in the last quarter. Finally, Praxis Investment Management Inc. acquired a new position in Paramount Skydance during the 1st quarter worth $126,000. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Paramount Skydance Trading Down 1.9%

Shares of NASDAQ PSKY opened at $9.75 on Thursday. Paramount Skydance Corporation has a fifty-two week low of $8.61 and a fifty-two week high of $20.86. The firm has a market capitalization of $10.91 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.74 and a beta of 1.43. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.10 and a quick ratio of 1.00. The company’s 50 day simple moving average is $10.29 and its 200 day simple moving average is $10.88.

Paramount Skydance (NASDAQ:PSKY) last released its earnings results on Monday, May 4th. The company reported $0.23 EPS for the quarter, topping 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 period in the prior year, the firm posted $0.22 EPS. On average, analysts predict that Paramount Skydance Corporation will post 0.55 EPS for the current year.

Paramount Skydance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, June 15th. Paramount Skydance’s dividend payout ratio (DPR) is currently 35.09%.

Analyst Upgrades and Downgrades

PSKY has been the topic of a number of recent research reports. Guggenheim decreased their price objective on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Morgan Stanley raised Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their price target for the company from $11.00 to $14.00 in a research note on Thursday, April 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a report on Wednesday, June 24th. Finally, Wells Fargo & Company lowered their price objective on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. 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 company’s stock. According to data from MarketBeat.com, Paramount Skydance presently has a consensus rating of “Reduce” and a consensus 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.