AHL Investment Management Inc. Has $634,000 Stake in Paramount Global (NASDAQ:PARA)

AHL Investment Management Inc. grew its holdings in Paramount Global (NASDAQ:PARA) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,832 shares of the company’s stock after buying an additional 2,135 shares during the period. AHL Investment Management Inc.’s holdings in Paramount Global were worth $634,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PARA. Kodai Capital Management LP acquired a new stake in shares of Paramount Global in the fourth quarter valued at approximately $84,842,000. Norges Bank acquired a new stake in Paramount Global during the 4th quarter worth approximately $41,497,000. Lingotto Investment Management LLP lifted its holdings in Paramount Global by 375.8% during the 4th quarter. Lingotto Investment Management LLP now owns 3,263,978 shares of the company’s stock worth $48,388,000 after purchasing an additional 2,577,978 shares during the last quarter. Ariel Investments LLC lifted its holdings in Paramount Global by 18.0% during the 3rd quarter. Ariel Investments LLC now owns 11,330,850 shares of the company’s stock worth $146,168,000 after purchasing an additional 1,731,714 shares during the last quarter. Finally, Simplex Trading LLC lifted its holdings in Paramount Global by 200.3% during the 4th quarter. Simplex Trading LLC now owns 781,676 shares of the company’s stock worth $11,560,000 after purchasing an additional 1,561,007 shares during the last quarter. 73.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Paramount Global from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Thursday, April 4th. StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Morgan Stanley dropped their price target on Paramount Global from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, February 27th. Argus lowered Paramount Global from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Finally, Benchmark restated a “buy” rating and set a $19.00 price objective on shares of Paramount Global in a research note on Tuesday, April 30th. Ten equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Paramount Global has an average rating of “Hold” and a consensus target price of $13.29.

Paramount Global Price Performance

PARA stock traded down $0.18 during midday trading on Tuesday, reaching $10.11. 12,942,909 shares of the stock were exchanged, compared to its average volume of 19,044,035. The stock has a market capitalization of $6.74 billion, a PE ratio of -67.40, a P/E/G ratio of 0.31 and a beta of 1.78. Paramount Global has a 52 week low of $9.54 and a 52 week high of $17.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.29 and a quick ratio of 1.19. The company has a fifty day moving average price of $11.83 and a 200 day moving average price of $12.54.

Paramount Global (NASDAQ:PARA) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.73 billion. Paramount Global had a positive return on equity of 3.35% and a negative net margin of 0.15%. Paramount Global’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. As a group, analysts expect that Paramount Global will post 1.32 EPS for the current fiscal year.

Paramount Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, June 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.98%. Paramount Global’s dividend payout ratio is currently -133.32%.

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.