Aljian Capital Management LLC Sells 11,958 Shares of Paramount Global (NASDAQ:PARA)

Aljian Capital Management LLC lowered its stake in shares of Paramount Global (NASDAQ:PARA) by 35.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,165 shares of the company’s stock after selling 11,958 shares during the quarter. Aljian Capital Management LLC’s holdings in Paramount Global were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Carson Advisory Inc. raised its position in shares of Paramount Global by 1.9% during the third quarter. Carson Advisory Inc. now owns 54,364 shares of the company’s stock valued at $577,000 after buying an additional 1,004 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Paramount Global by 1.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 92,019 shares of the company’s stock valued at $977,000 after acquiring an additional 1,481 shares in the last quarter. Huntington National Bank lifted its position in shares of Paramount Global by 129.0% in the 3rd quarter. Huntington National Bank now owns 2,771 shares of the company’s stock worth $29,000 after acquiring an additional 1,561 shares during the period. Blue Trust Inc. lifted its position in shares of Paramount Global by 162.8% in 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. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Paramount Global by 10.4% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 17,608 shares of the company’s stock worth $187,000 after purchasing an additional 1,663 shares in the last quarter. 73.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on PARA shares. 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. StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. 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. Finally, Needham & Company LLC restated a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.58.

Paramount Global Trading Up 0.7 %

Paramount Global stock opened at $10.64 on Thursday. Paramount Global has a 52 week low of $9.54 and a 52 week 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 business’s fifty day moving average is $10.73 and its two-hundred day moving average is $10.69.

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.