Louisiana State Employees Retirement System Has $335,000 Stock Position in Paramount Global (NASDAQ:PARA)

Louisiana State Employees Retirement System cut its position in shares of Paramount Global (NASDAQ:PARA) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,000 shares of the company’s stock after selling 1,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Paramount Global were worth $335,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Savant Capital LLC grew its holdings in Paramount Global by 53.0% in the fourth quarter. Savant Capital LLC now owns 58,240 shares of the company’s stock worth $609,000 after purchasing an additional 20,163 shares during the period. Wilsey Asset Management Inc. lifted its stake in shares of Paramount Global by 16.2% in the fourth quarter. Wilsey Asset Management Inc. now owns 1,902,332 shares of the company’s stock valued at $19,898,000 after buying an additional 265,408 shares in the last quarter. Thompson Investment Management Inc. lifted its stake in shares of Paramount Global by 0.7% in the fourth quarter. Thompson Investment Management Inc. now owns 732,805 shares of the company’s stock valued at $7,665,000 after buying an additional 5,432 shares in the last quarter. Entropy Technologies LP lifted its stake in shares of Paramount Global by 155.1% in the fourth quarter. Entropy Technologies LP now owns 182,387 shares of the company’s stock valued at $1,908,000 after buying an additional 110,895 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Paramount Global by 442.6% in the fourth quarter. Empowered Funds LLC now owns 58,253 shares of the company’s stock valued at $609,000 after buying an additional 47,518 shares in the last quarter. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Macquarie reissued an “underperform” rating and set a $10.00 price target on shares of Paramount Global in a research report on Monday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. StockNews.com raised shares of Paramount Global from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley lifted their target price on shares of Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.58.

Paramount Global Stock Up 1.1 %

NASDAQ PARA opened at $11.44 on Thursday. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of -1.39, a PEG ratio of 1.66 and a beta of 1.69. Paramount Global has a 52 week low of $9.54 and a 52 week high of $14.54. 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 company has a fifty day moving average of $10.74 and a two-hundred day moving average of $10.70.

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.