Guardian Investment Management bought a new stake in shares of Paramount Global (NASDAQ:PARAA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 43,178 shares of the company's stock, valued at approximately $963,000.
Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of Paramount Global during the third quarter valued at $106,000. Gladius Capital Management LP purchased a new stake in Paramount Global during the 3rd quarter valued at about $233,000. Atom Investors LP purchased a new stake in Paramount Global during the 3rd quarter valued at about $244,000. Bank of New York Mellon Corp raised its stake in shares of Paramount Global by 13.1% in the second quarter. Bank of New York Mellon Corp now owns 28,315 shares of the company's stock worth $520,000 after purchasing an additional 3,281 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of Paramount Global by 120.0% during the second quarter. Squarepoint Ops LLC now owns 46,749 shares of the company's stock worth $859,000 after purchasing an additional 25,504 shares during the period. Institutional investors and hedge funds own 5.98% of the company's stock.
Paramount Global Stock Performance
Shares of NASDAQ PARAA traded up $0.12 during trading on Monday, reaching $22.64. 13,689 shares of the company traded hands, compared to its average volume of 39,816. The stock has a market cap of $15.10 billion, a P/E ratio of -2.75 and a beta of 1.63. The firm's fifty day simple moving average is $22.58 and its 200 day simple moving average is $22.29. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. Paramount Global has a 12-month low of $16.59 and a 12-month high of $26.34.
Paramount Global Company Profile
(
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.
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