322,500 Shares in Paramount Global (NASDAQ:PARA) Acquired by Eisler Capital Management Ltd.

Eisler Capital Management Ltd. purchased a new stake in shares of Paramount Global (NASDAQ:PARA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 322,500 shares of the company's stock, valued at approximately $3,415,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PARA. Contrarius Group Holdings Ltd purchased a new position in shares of Paramount Global in the fourth quarter worth $146,230,000. Norges Bank purchased a new position in Paramount Global during the 4th quarter worth approximately $45,202,000. Slate Path Capital LP raised its position in Paramount Global by 42.3% during the 4th quarter. Slate Path Capital LP now owns 12,586,000 shares of the company's stock worth $131,650,000 after buying an additional 3,741,000 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Paramount Global during the 4th quarter worth approximately $20,292,000. Finally, Lingotto Investment Management LLP raised its position in Paramount Global by 3.7% during the 4th quarter. Lingotto Investment Management LLP now owns 44,753,299 shares of the company's stock worth $468,120,000 after buying an additional 1,593,579 shares during the last quarter. Hedge funds and other institutional investors own 73.00% of the company's stock.

Paramount Global Price Performance

Shares of PARA stock traded up $0.26 on Friday, reaching $11.94. 10,208,614 shares of the company were exchanged, compared to its average volume of 10,438,520. The company has a market cap of $8.01 billion, a price-to-earnings ratio of -1.45, a P/E/G ratio of 1.68 and a beta of 1.25. The business has a 50-day moving average price of $11.43 and a 200 day moving average price of $11.07. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. Paramount Global has a 1 year low of $9.54 and a 1 year high of $13.40.

Paramount Global (NASDAQ:PARA - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. The business had revenue of $7.19 billion during the quarter, compared to analysts' expectations of $7.14 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The company's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. Equities research analysts forecast that Paramount Global will post 1.77 earnings per share for the current fiscal year.

Paramount Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Monday, March 17th. Paramount Global's payout ratio is -2.43%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group reduced their price target on Paramount Global from $11.00 to $10.00 and set a "sell" rating for the company in a research report on Tuesday, April 15th. Guggenheim reiterated a "buy" rating and set a $14.00 price target on shares of Paramount Global in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft cut Paramount Global from a "buy" rating to a "hold" rating and set a $12.00 price target for the company. in a research report on Wednesday, April 2nd. StockNews.com assumed coverage on Paramount Global in a research report on Friday. They set a "hold" rating for the company. Finally, Morgan Stanley reduced their price target on Paramount Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, May 6th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Paramount Global presently has an average rating of "Hold" and a consensus price target of $11.58.

Paramount Global Company Profile

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.