Guardian Investment Management Makes New Investment in Paramount Global (NASDAQ:PARAA)

Guardian Investment Management bought a new stake in Paramount Global (NASDAQ:PARAA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 43,178 shares of the company’s stock, valued at approximately $963,000.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in Paramount Global by 13.1% during the second quarter. Bank of New York Mellon Corp now owns 28,315 shares of the company’s stock worth $520,000 after purchasing an additional 3,281 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Paramount Global by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 143,261 shares of the company’s stock worth $2,633,000 after buying an additional 6,309 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Paramount Global by 120.0% in the 2nd quarter. Squarepoint Ops LLC now owns 46,749 shares of the company’s stock valued at $859,000 after buying an additional 25,504 shares during the period. Mark Asset Management LP purchased a new stake in shares of Paramount Global in the second quarter valued at approximately $3,351,000. Finally, Gladius Capital Management LP purchased a new position in Paramount Global in the third quarter worth $233,000. Hedge funds and other institutional investors own 5.98% of the company’s stock.

Paramount Global Price Performance

Shares of NASDAQ PARAA opened at $22.64 on Monday. The company’s fifty day moving average is $22.58 and its two-hundred day moving average is $22.29. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The firm has a market capitalization of $15.10 billion, a P/E ratio of -2.75 and a beta of 1.63. Paramount Global has a one year low of $16.59 and a one year high of $26.34.

Paramount Global Profile

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.