Guardian Investment Management Invests $963,000 in Paramount Global (NASDAQ:PARAA)

Guardian Investment Management bought a new position in Paramount Global (NASDAQ:PARAA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 43,178 shares of the company's stock, valued at approximately $963,000.

A number of other large investors have also recently made changes to their positions in the company. Quest Partners LLC bought a new position in shares of Paramount Global in the third quarter worth about $106,000. Gladius Capital Management LP bought a new position in Paramount Global in the 3rd quarter worth about $233,000. Atom Investors LP purchased a new position in shares of Paramount Global during the third quarter worth approximately $244,000. Bank of New York Mellon Corp raised its stake in shares of 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 acquiring an additional 3,281 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Paramount Global by 120.0% in 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 period. 5.98% of the stock is owned by hedge funds and other institutional investors.

Paramount Global Stock Up 0.5 %

NASDAQ:PARAA traded up $0.12 during trading hours on Monday, reaching $22.64. The company's stock had a trading volume of 13,689 shares, compared to its average volume of 39,816. The stock has a 50 day moving average price of $22.60 and a two-hundred day moving average price of $22.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The company has a market capitalization of $15.10 billion, a P/E ratio of -2.75 and a beta of 1.63. Paramount Global has a 12 month low of $16.59 and a 12 month high of $26.34.

Paramount Global Company 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.