State Street Corp Purchases 8,287 Shares of Paramount Global (NASDAQ:PARAA)

State Street Corp raised its holdings in Paramount Global (NASDAQ:PARAA) by 20.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 49,366 shares of the company’s stock after purchasing an additional 8,287 shares during the period. State Street Corp’s holdings in Paramount Global were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in shares of Paramount Global in the 3rd quarter worth approximately $106,000. Gladius Capital Management LP bought a new stake in Paramount Global in the third quarter valued at $233,000. Atom Investors LP acquired a new position in Paramount Global during the third quarter worth $244,000. Bank of New York Mellon Corp lifted its holdings in shares of Paramount Global by 13.1% during the second quarter. Bank of New York Mellon Corp now owns 28,315 shares of the company’s stock valued at $520,000 after acquiring an additional 3,281 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of Paramount Global by 120.0% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 5.98% of the company’s stock.

Paramount Global Trading Down 0.3 %

Shares of Paramount Global stock opened at $22.24 on Friday. Paramount Global has a 12-month low of $16.59 and a 12-month high of $26.34. The stock has a market capitalization of $14.83 billion, a P/E ratio of -2.71 and a beta of 1.64. The company has a 50-day simple moving average of $22.45 and a 200 day simple moving average of $21.86. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85.

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.