State Street Corp Has $1.08 Million Stake in Paramount Global (NASDAQ:PARAA)

State Street Corp increased its position in Paramount Global (NASDAQ:PARAA) by 20.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,366 shares of the company’s stock after buying an additional 8,287 shares during the period. State Street Corp’s holdings in Paramount Global were worth $1,082,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mark Asset Management LP acquired a new stake in shares of Paramount Global in the second quarter worth about $3,351,000. Slotnik Capital LLC acquired a new stake in Paramount Global in the 3rd quarter worth approximately $1,401,000. Poehling Capital Management INC. boosted its position in Paramount Global by 10.2% during the second quarter. Poehling Capital Management INC. now owns 433,435 shares of the company’s stock worth $7,967,000 after purchasing an additional 40,142 shares during the period. Squarepoint Ops LLC grew its holdings in Paramount Global by 120.0% during 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 last quarter. Finally, Atom Investors LP bought a new position in shares of Paramount Global in the third quarter valued at approximately $244,000. Institutional investors own 5.98% of the company’s stock.

Paramount Global Price Performance

NASDAQ PARAA opened at $22.24 on Friday. The stock has a market capitalization of $14.83 billion, a PE ratio of -2.71 and a beta of 1.64. The stock has a 50-day simple moving average of $22.45 and a 200 day simple moving average of $21.86. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. Paramount Global has a twelve month low of $16.59 and a twelve month high of $26.34.

Paramount Global 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.