Insight Inv LLC Purchases 1,825 Shares of Paramount Global (NASDAQ:PARA)

Insight Inv LLC boosted its stake in shares of Paramount Global (NASDAQ:PARA) by 9.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,435 shares of the company’s stock after buying an additional 1,825 shares during the period. Insight Inv LLC’s holdings in Paramount Global were worth $215,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Paramount Global by 16.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,394,825 shares of the company’s stock valued at $78,533,000 after acquiring an additional 1,030,592 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of Paramount Global by 50.7% in the third quarter. Bridgewater Associates LP now owns 328,099 shares of the company’s stock valued at $3,484,000 after buying an additional 110,357 shares during the period. Franklin Resources Inc. increased its stake in shares of Paramount Global by 824.1% in the third quarter. Franklin Resources Inc. now owns 195,690 shares of the company’s stock worth $2,029,000 after purchasing an additional 174,514 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Paramount Global by 22.3% in the 3rd quarter. Principal Financial Group Inc. now owns 683,401 shares of the company’s stock worth $7,258,000 after purchasing an additional 124,740 shares during the period. Finally, HBK Investments L P bought a new stake in Paramount Global during the 3rd quarter worth approximately $5,098,000. 73.00% of the stock is owned by institutional investors and hedge funds.

Paramount Global Price Performance

Shares of Paramount Global stock opened at $11.07 on Friday. 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 52 week low of $9.54 and a 52 week high of $15.70. The company has a 50 day moving average price of $10.72 and a 200 day moving average price of $10.76.

Paramount Global (NASDAQ:PARA) last announced its quarterly earnings results 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. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.94 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. Paramount Global’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, equities research analysts predict that Paramount Global will post 1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PARA shares. Macquarie reissued an “underperform” rating and set a $10.00 price objective on shares of Paramount Global in a research note on Monday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.50.

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.