First Trust Advisors LP Sells 733,720 Shares of Paramount Skydance Corporation $PSKY
First Trust Advisors LP lowered its stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY - Free Report) by 87. 7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,099 shares of the company's sto
First Trust Advisors LP lowered its stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY-Free Report) by 87. 7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,099 shares of the company's stock after selling 733,720 shares during the period. First Trust Advisors LP's holdings in Paramount Skydance were worth $930,000 as of its most recent filing with the Securities and Exchange Commission. 3 Stocks Standing Out and 2 Losing Momentum as the Tech Rally CracksOther institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Paramount Skydance by 0. 4% during the 4th quarter. Vanguard Group Inc. now owns 36,006,077 shares of the company's stock worth $482,481,000 after acquiring an additional 132,613 shares during the last quarter. Hoertkorn Richard Charles bought a new stake in Paramount Skydance in the fourth quarter valued at approximately $3,708,000. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Paramount Skydance in the first quarter valued at approximately $1,623,000. Corrado Advisors LLC acquired a new stake in Paramount Skydance in the first quarter worth $1,254,000. Finally, LTS Liquid Investments LLC raised its holdings in Paramount Skydance by 68. 7% in the first quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the company's stock worth $18,316,000 after purchasing an additional 827,248 shares during the period. 73. 00% of the stock is currently owned by institutional investors and hedge funds. GetParamount Skydancealerts:Paramount Skydance Stock Up 0. 9%NASDAQ:PSKYopened at $9. 27 on Tuesday. The company has a debt-to-equity ratio of 1. 13, a quick ratio of 0. 88 and a current ratio of 1. 04. The company has a market cap of $10. 37 billion, a PE ratio of 16. 26, a PEG ratio of 0. 60 and a beta of 1. 45. Paramount Skydance Corporation has a 52-week low of $7. 62 and a 52-week high of $20. 86. The stock has a 50-day simple moving average of $9. 47 and a 200 day simple moving average of $10. 22. Plot Twist: 12 States Could Stall the Paramount-Warner Bros. Discovery Mega-MergerParamount Skydance (NASDAQ:PSKY-Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0. 18 earnings per share for the quarter, topping the consensus estimate of $0. 15 by $0. 03. The company had revenue of $6. 91 billion during the quarter. Paramount Skydance had a negative net margin of 2. 13% and a positive return on equity of 4. 11%. On average, sell-side analysts expect that Paramount Skydance Corporation will post 0. 64 EPS for the current fiscal year. Paramount Skydance Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0. 05 dividend. This represents a $0. 20 annualized dividend and a yield of 2. 2%. The ex-dividend date is Tuesday, September 15th. Paramount Skydance's payout ratio is presently 35. 09%. Wall Street Analyst Weigh InThe Netflix-Lionsgate Rumor Exposed a Bigger Shift in Media M&ASeveral brokerages have recently issued reports on PSKY. Arete Research reissued a "sell" rating and issued a $2. 00 price target on shares of Paramount Skydance in a report on Thursday, July 9th. Weiss Ratingsraised Paramount Skydance from a "sell (d-)" rating to a "sell (d)" rating in a research note on Thursday. Guggenheim reduced 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. Wells Fargo & Company dropped their price target on Paramount Skydance from $8. 00 to $7. 00 and set an "underweight" rating on the stock in a research report on Tuesday, May 5th. Finally, Morgan Stanley upgraded Paramount Skydance from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $11. 00 to $14. 00 in a report on Thursday, April 30th. Two equities 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $11. 38. Get Our Latest Stock Analysis on PSKYParamount Skydance Company Profile(Free Report)Paramount Skydance Media GroupNasdaq: PSKYis 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. See AlsoFive stocks we like better than Paramount SkydanceSoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat3 Dividend Champion Utilities for a Market That Can't Sit StillThese 3 Most-Upgraded Stocks Have Almost Nothing to Do With AIFirst Solar’s Profit Engine Faces a New Policy Test in WashingtonWant to see what other hedge funds are holding PSKY?Visit HoldingsChannel. comto get the latest 13F filings and insider trades for Paramount Skydance Corporation (NASDAQ:PSKY-Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed. 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