V Square Quantitative Management LLC Decreases Stock Holdings in Paramount Global (NASDAQ:PARA)

V Square Quantitative Management LLC decreased its holdings in Paramount Global (NASDAQ:PARA) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,305 shares of the company’s stock after selling 1,173 shares during the quarter. V Square Quantitative Management LLC’s holdings in Paramount Global were worth $191,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PARA. Exchange Traded Concepts LLC purchased a new position in Paramount Global in the 3rd quarter worth about $243,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Paramount Global by 10.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,007 shares of the company’s stock worth $574,000 after buying an additional 5,019 shares during the last quarter. Capital Investment Advisors LLC purchased a new stake in shares of Paramount Global during the 3rd quarter valued at about $120,000. Blue Trust Inc. increased its position 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 valued at $26,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Paramount Global by 20.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 31,956 shares of the company’s stock valued at $339,000 after purchasing an additional 5,442 shares during the last quarter. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Paramount Global Trading Up 4.5 %

PARA stock opened at $11.30 on Tuesday. Paramount Global has a 1-year low of $9.54 and a 1-year high of $14.54. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of -1.37, a PEG ratio of 1.59 and a beta of 1.69. The business has a 50 day simple moving average of $10.74 and a two-hundred day simple moving average of $10.69.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Macquarie reaffirmed an “underperform” rating and set a $10.00 price target on shares of Paramount Global in a research report on Monday, November 11th. StockNews.com raised shares of Paramount Global from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paramount Global in a research report on Monday, November 11th. Finally, Morgan Stanley upped their price target 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 analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Paramount Global currently has an average rating of “Hold” and an average target price 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.