Gamco Investors INC. ET AL Grows Stock Holdings in Paramount Skydance Corporation $PSKY

Gamco Investors INC. ET AL lifted its holdings in Paramount Skydance Corporation (NASDAQ:PSKY) by 83.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,522 shares of the company’s stock after acquiring an additional 81,463 shares during the period. Gamco Investors INC. ET AL’s holdings in Paramount Skydance were worth $1,619,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PSKY. CYBER HORNET ETFs LLC acquired a new position in shares of Paramount Skydance during the 3rd quarter valued at $25,000. Huntington National Bank boosted its position in Paramount Skydance by 108.2% during the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after purchasing an additional 1,174 shares during the period. Larson Financial Group LLC increased its holdings in Paramount Skydance by 539.3% in the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock valued at $31,000 after purchasing an additional 1,936 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in Paramount Skydance in the 3rd quarter valued at $32,000. Finally, Golden State Wealth Management LLC raised its position in Paramount Skydance by 317.3% in the fourth quarter. Golden State Wealth Management LLC now owns 2,863 shares of the company’s stock valued at $38,000 after purchasing an additional 2,177 shares during the period. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Wall Street Analysts Forecast Growth

PSKY has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday, June 24th. Wells Fargo & Company lowered their target price on 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 dropped their target price on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Arete Research reissued a “sell” rating and set a $2.00 price target on shares of Paramount Skydance in a research report on Thursday, July 9th. Finally, Morgan Stanley raised Paramount Skydance from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $11.00 to $14.00 in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and nine have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.00.

Paramount Skydance Price Performance

PSKY opened at $8.07 on Wednesday. Paramount Skydance Corporation has a twelve month low of $7.86 and a twelve month high of $20.86. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.53 and a beta of 1.43. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $9.83 and a 200 day simple moving average of $10.44.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings data 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 for 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 in the prior year, the firm earned $0.22 EPS. Equities research analysts expect that Paramount Skydance Corporation will post 0.62 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Paramount Skydance’s payout ratio is presently 35.09%.

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.