Geode Capital Management LLC grew its stake in shares of Paramount Global (NASDAQ:PARAA - Free Report) by 16.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,015 shares of the company's stock after buying an additional 35,305 shares during the period. Geode Capital Management LLC's holdings in Paramount Global were worth $5,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Poehling Capital Management INC. increased its stake in Paramount Global by 10.2% in the 2nd quarter. Poehling Capital Management INC. now owns 433,435 shares of the company's stock worth $7,967,000 after acquiring an additional 40,142 shares during the last quarter. Mark Asset Management LP purchased a new stake in Paramount Global during the second quarter valued at $3,351,000. Dimensional Fund Advisors LP lifted its position in Paramount Global by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 143,261 shares of the company's stock valued at $2,633,000 after purchasing an additional 6,309 shares during the last quarter. Slotnik Capital LLC purchased a new position in shares of Paramount Global in the 3rd quarter worth $1,401,000. Finally, State Street Corp increased its holdings in shares of Paramount Global by 20.2% in the 3rd quarter. State Street Corp now owns 49,366 shares of the company's stock worth $1,082,000 after buying an additional 8,287 shares during the last quarter. Hedge funds and other institutional investors own 5.98% of the company's stock.
Paramount Global Trading Up 1.0 %
PARAA traded up $0.23 during trading on Friday, reaching $22.47. The company had a trading volume of 30,749 shares, compared to its average volume of 100,975. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. The business has a 50 day simple moving average of $22.47 and a 200-day simple moving average of $21.97. The stock has a market cap of $14.99 billion, a P/E ratio of -2.73 and a beta of 1.63. Paramount Global has a 52 week low of $16.59 and a 52 week high of $26.34.
About Paramount Global
(
Free Report)
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.
Read More
Before you consider Paramount Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paramount Global wasn't on the list.
While Paramount Global currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
