ProShare Advisors LLC Invests $1.15 Million in Paramount Skydance Corporation $PSKY

ProShare Advisors LLC bought a new stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,833 shares of the company’s stock, valued at approximately $1,151,000.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Paramount Skydance in the third quarter valued at approximately $39,000. Private Trust Co. NA bought a new stake in Paramount Skydance during the 3rd quarter valued at $47,000. Guerra Advisors Inc bought a new stake in Paramount Skydance during the 3rd quarter valued at $48,000. Sound Income Strategies LLC purchased a new stake in Paramount Skydance during the 3rd quarter valued at $49,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Paramount Skydance in the 3rd quarter worth $53,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Guggenheim reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Paramount Skydance in a research note on Wednesday, November 12th. Sanford C. Bernstein upped their price target on Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a research report on Wednesday, November 12th. Evercore increased their price objective on Paramount Skydance from $12.00 to $14.00 and gave the stock an “in-line” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research note on Monday, December 29th. Finally, Wells Fargo & Company upped their target price on Paramount Skydance from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. One equities research analyst has 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 MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $14.00.

Paramount Skydance Stock Performance

Paramount Skydance stock opened at $10.32 on Monday. The firm’s 50 day moving average price is $12.38. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. The company has a market cap of $11.06 billion, a PE ratio of -343.89 and a beta of 1.24. Paramount Skydance Corporation has a fifty-two week low of $9.95 and a fifty-two week high of $20.86.

Paramount Skydance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Paramount Skydance’s payout ratio is currently -666.67%.

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.