Geode Capital Management LLC Grows Stake in Paramount Global (NASDAQ:PARAA)

Geode Capital Management LLC boosted its holdings in Paramount Global (NASDAQ:PARAA) by 16.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,015 shares of the company’s stock after purchasing an additional 35,305 shares during the quarter. Geode Capital Management LLC’s holdings in Paramount Global were worth $5,400,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in Paramount Global by 13.1% during the second quarter. Bank of New York Mellon Corp now owns 28,315 shares of the company’s stock valued at $520,000 after buying an additional 3,281 shares during the last quarter. Poehling Capital Management INC. grew its holdings in shares of Paramount Global by 10.2% in the second quarter. Poehling Capital Management INC. now owns 433,435 shares of the company’s stock valued at $7,967,000 after purchasing an additional 40,142 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Paramount Global by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 143,261 shares of the company’s stock worth $2,633,000 after purchasing an additional 6,309 shares during the last quarter. Squarepoint Ops LLC lifted its position in Paramount Global by 120.0% during the second quarter. Squarepoint Ops LLC now owns 46,749 shares of the company’s stock valued at $859,000 after purchasing an additional 25,504 shares during the last quarter. Finally, Mark Asset Management LP bought a new stake in shares of Paramount Global in the 2nd quarter worth about $3,351,000. 5.98% of the stock is owned by hedge funds and other institutional investors.

Paramount Global Stock Up 1.0 %

Shares of NASDAQ:PARAA opened at $22.47 on Friday. The company has a market cap of $14.99 billion, a price-to-earnings ratio of -2.73 and a beta of 1.63. Paramount Global has a 12 month low of $16.59 and a 12 month high of $26.34. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $22.47 and a 200 day moving average price of $21.93.

Paramount Global 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.