Paramount Skydance Corporation $PSKY is LTS Liquid Investments LLC’s 3rd Largest Position

LTS Liquid Investments LLC grew its stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 68.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,030,591 shares of the company’s stock after buying an additional 827,248 shares during the quarter. Paramount Skydance makes up 17.1% of LTS Liquid Investments LLC’s holdings, making the stock its 3rd biggest holding. LTS Liquid Investments LLC’s holdings in Paramount Skydance were worth $18,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PSKY. CYBER HORNET ETFs LLC acquired a new stake in Paramount Skydance during the third quarter worth about $25,000. Huntington National Bank grew its holdings in shares of 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 grew its holdings in shares of Paramount Skydance by 539.3% during the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after purchasing an additional 1,936 shares during the period. Kelleher Financial Advisors acquired a new stake in Paramount Skydance during the 3rd quarter worth approximately $32,000. Finally, Golden State Wealth Management LLC raised its holdings 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 buying an additional 2,177 shares during the period. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Paramount Skydance Trading Down 1.9%

NASDAQ:PSKY opened at $9.75 on Thursday. 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 business has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $10.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.10 and a quick ratio of 1.00. Paramount Skydance Corporation has a 12-month low of $8.61 and a 12-month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last released its quarterly earnings data on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business 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 period last year, the business earned $0.22 EPS. Equities research analysts predict that Paramount Skydance Corporation will post 0.55 EPS for the current year.

Paramount Skydance Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $11.00 to $14.00 in a research note on Thursday, April 30th. Wells Fargo & Company decreased their target price 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. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday, June 24th. Finally, Guggenheim reduced their price target on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company 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.