Evergreen Capital Management LLC Makes New Investment in Paramount Skydance Corporation $PSKY

Key Points

• Evergreen Capital Management bought 194,814 shares of Paramount Skydance (NASDAQ:PSKY) in Q3 — about $3.7 million — and several other institutions opened sizable positions, leaving roughly 73% of the stock held by institutional investors.
• Paramount Skydance missed Q3 estimates (EPS $0.12 vs. $0.49 expected; revenue $6.73B vs. $6.79B), shows a negative net margin and negative P/E (−393), and carries a consensus analyst rating of Strong Sell with a $14 target.

Evergreen Capital Management LLC purchased a new stake in Paramount Skydance Corporation (NASDAQ:PSKY - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 194,814 shares of the company's stock, valued at approximately $3,696,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. New York State Teachers Retirement System acquired a new stake in shares of Paramount Skydance in the 3rd quarter valued at $6,980,000. Alpha Omega Wealth Management LLC acquired a new position in Paramount Skydance in the third quarter valued at approximately $3,346,000. TB Alternative Assets Ltd. acquired a new stake in Paramount Skydance during the third quarter worth approximately $7,363,000. SG Americas Securities LLC purchased a new position in shares of Paramount Skydance in the 3rd quarter valued at $9,370,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Paramount Skydance in the third quarter valued at $4,595,000. 73.00% of the stock is owned by institutional investors and hedge funds.

Paramount Skydance Trading Down 0.3%

NASDAQ:PSKY opened at $11.80 on Friday. Paramount Skydance Corporation has a 12-month low of $9.95 and a 12-month high of $20.86. 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 50 day moving average of $14.13. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of -393.20 and a beta of 1.17.

Paramount Skydance (NASDAQ:PSKY - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.37). Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The firm had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.79 billion. During the same quarter last year, the business earned $0.49 earnings per share. The business's quarterly revenue was up 0% on a year-over-year basis.

Paramount Skydance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, December 18th. Paramount Skydance's dividend payout ratio (DPR) is currently -666.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Argus assumed coverage on Paramount Skydance in a research report on Monday, October 13th. They set a "hold" rating and a $17.00 target price on the stock. Guggenheim restated a "neutral" rating and set a $16.00 price target on shares of Paramount Skydance in a research note on Wednesday, November 12th. UBS Group boosted their price objective on Paramount Skydance from $10.00 to $12.00 and gave the company a "sell" rating in a research note on Wednesday, October 8th. Wolfe Research reissued an "underperform" rating and issued a $13.00 price objective on shares of Paramount Skydance in a report on Monday, December 15th. Finally, Evercore ISI lifted their target price on shares of Paramount Skydance from $12.00 to $14.00 and gave the company an "in-line" rating in a report on Tuesday, November 11th. 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Strong Sell" and a consensus target price of $14.00.

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.

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