Paramount Skydance Corporation $PSKY is MTCO Ltd.’s 2nd Largest Position

MTCO Ltd. raised its stake in Paramount Skydance Corporation (NASDAQ:PSKY) by 92.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,700,000 shares of the company’s stock after acquiring an additional 1,300,000 shares during the quarter. Paramount Skydance makes up 14.6% of MTCO Ltd.’s portfolio, making the stock its 2nd biggest holding. MTCO Ltd.’s holdings in Paramount Skydance were worth $36,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. purchased a new stake in Paramount Skydance during the 3rd quarter worth about $678,726,000. State Street Corp purchased a new position in Paramount Skydance in the 3rd quarter valued at about $524,371,000. Invesco Ltd. purchased a new position in Paramount Skydance in the 3rd quarter valued at about $288,551,000. Barclays PLC acquired a new stake in shares of Paramount Skydance during the 3rd quarter worth about $258,196,000. Finally, Contrarius Group Holdings Ltd acquired a new stake in shares of Paramount Skydance during the 3rd quarter worth about $186,674,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Skydance Price Performance

NASDAQ PSKY opened at $9.52 on Monday. The stock has a market cap of $10.58 billion, a PE ratio of 15.11, a P/E/G ratio of 0.39 and a beta of 1.37. Paramount Skydance Corporation has a fifty-two week low of $8.61 and a fifty-two week high of $20.86. The business has a 50 day moving average price of $10.47 and a two-hundred day moving average price of $13.59. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 1.03.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $999.02. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.82%. The company had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.17 billion.

Paramount Skydance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. Paramount Skydance’s payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wolfe Research reissued an “underperform” rating and issued a $13.00 price objective on shares of Paramount Skydance in a research report on Monday, December 15th. Zacks Research upgraded Paramount Skydance from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a report on Friday, March 27th. Morgan Stanley upped their price objective on shares of Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Finally, Wells Fargo & Company cut their price target on shares of Paramount Skydance from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $12.85.

Paramount Skydance Company 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.