Robeco Institutional Asset Management B.V. Has $448,000 Stake in Paramount Global (NASDAQ:PARA)

Robeco Institutional Asset Management B.V. decreased its position in Paramount Global (NASDAQ:PARA) by 27.1% in the 4th quarter, HoldingsChannel reports. The fund owned 42,848 shares of the company’s stock after selling 15,905 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Paramount Global were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its stake in Paramount Global by 162.8% during the third quarter. Blue Trust Inc. now owns 2,539 shares of the company’s stock worth $26,000 after buying an additional 1,573 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Paramount Global by 129.0% during the 3rd quarter. Huntington National Bank now owns 2,771 shares of the company’s stock worth $29,000 after acquiring an additional 1,561 shares during the period. Kennebec Savings Bank acquired a new position in Paramount Global in the third quarter worth about $47,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in Paramount Global by 518.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,891 shares of the company’s stock worth $52,000 after purchasing an additional 4,100 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its position in Paramount Global by 102.4% in the fourth quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company’s stock worth $75,000 after purchasing an additional 3,654 shares in the last quarter. 73.00% of the stock is currently owned by institutional investors.

Paramount Global Price Performance

Paramount Global stock opened at $10.92 on Wednesday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of -1.33, a P/E/G ratio of 1.58 and a beta of 1.69. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. Paramount Global has a 12-month low of $9.54 and a 12-month high of $14.54. The business’s 50-day simple moving average is $10.75 and its 200 day simple moving average is $10.72.

Paramount Global (NASDAQ:PARA) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.49 earnings per share for the quarter, beating 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 business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.94 billion. During the same period in the prior year, the business posted $0.30 earnings per share. Paramount Global’s revenue was down 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Paramount Global will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Macquarie reiterated an “underperform” rating and issued a $10.00 price objective on shares of Paramount Global in a research note on Monday, November 11th. StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Morgan Stanley increased their target price on shares of Paramount Global from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.58.

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.