Entropy Technologies LP Buys 110,895 Shares of Paramount Global (NASDAQ:PARA)

Entropy Technologies LP raised its position in shares of Paramount Global (NASDAQ:PARA) by 155.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 182,387 shares of the company’s stock after acquiring an additional 110,895 shares during the quarter. Entropy Technologies LP’s holdings in Paramount Global were worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PARA. Blue Trust Inc. grew its stake in shares of Paramount Global by 162.8% during the 3rd quarter. Blue Trust Inc. now owns 2,539 shares of the company’s stock worth $26,000 after acquiring an additional 1,573 shares during the period. Huntington National Bank lifted its holdings in Paramount Global by 129.0% during the third quarter. Huntington National Bank now owns 2,771 shares of the company’s stock valued at $29,000 after purchasing an additional 1,561 shares during the last quarter. Kennebec Savings Bank bought a new position in Paramount Global during the third quarter worth about $47,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of 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 shares of Paramount Global by 102.4% in the fourth quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company’s stock valued at $75,000 after purchasing an additional 3,654 shares during the period. 73.00% of the stock is owned by hedge funds and other institutional investors.

Paramount Global Trading Down 1.9 %

Shares of Paramount Global stock opened at $10.63 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. Paramount Global has a 1 year low of $9.54 and a 1 year high of $14.54. The firm has a market cap of $7.09 billion, a PE ratio of -1.29, a PEG ratio of 1.59 and a beta of 1.69. The company has a 50 day simple moving average of $10.75 and a two-hundred day simple moving average of $10.70.

Paramount Global (NASDAQ:PARA) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.25. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.94 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Analysts expect that Paramount Global will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on PARA shares. StockNews.com raised shares of Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paramount Global in a report on Monday, November 11th. Morgan Stanley boosted their price objective on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Finally, Macquarie restated an “underperform” rating and issued a $10.00 target price on shares of Paramount Global in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.