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Palestra Capital Management Buys New Stake in Paramount Skydance Shares

Paramount Skydance logoParamount Skydance
Sig1.45Sen+1.15Env0.00Soc0.00Gov0.00

Palestra Capital Management LLC bought 1,298,000 shares of Paramount Skydance in the second quarter, valuing the position at about $12.8 million. Larson Financial Group and Golden State Wealth Management also increased holdings. Paramount Skydance reported quarterly EPS of $0.18, beating the $0.15 consensus, and will pay a $0.05 dividend to investors of record Sept. 15, while some analysts lowered price targets.

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