FNY Investment Advisers LLC Has $75,000 Holdings in Paramount Global (NASDAQ:PARA)

FNY Investment Advisers LLC grew its holdings in shares of Paramount Global (NASDAQ:PARA) by 102.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,224 shares of the company’s stock after acquiring an additional 3,654 shares during the quarter. FNY Investment Advisers LLC’s holdings in Paramount Global were worth $75,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Paramount Global by 162.8% during the 3rd quarter. Blue Trust Inc. now owns 2,539 shares of the company’s stock worth $26,000 after purchasing an additional 1,573 shares in the last quarter. Huntington National Bank grew its stake in shares of Paramount Global by 129.0% during the third quarter. Huntington National Bank now owns 2,771 shares of the company’s stock worth $29,000 after buying an additional 1,561 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Paramount Global during the third quarter worth $47,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Paramount Global by 518.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,891 shares of the company’s stock valued at $52,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new position in shares of Paramount Global in the 2nd quarter valued at $68,000. Institutional investors own 73.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PARA. StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. Macquarie reiterated an “underperform” rating and set a $10.00 target price on shares of Paramount Global in a research report on Monday, November 11th. Finally, Guggenheim decreased their price target on shares of Paramount Global from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.50.

Paramount Global Stock Down 2.2 %

Shares of NASDAQ:PARA opened at $10.44 on Thursday. The business’s 50-day moving average is $10.85 and its 200-day moving average is $10.80. Paramount Global has a 1 year low of $9.54 and a 1 year high of $15.70. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of -1.27, a P/E/G ratio of 1.35 and a beta of 1.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10.

Paramount Global (NASDAQ:PARA) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.24 by $0.25. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Equities research analysts predict that Paramount Global will post 1.86 earnings per share for the current year.

About Paramount Global

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.