The most recent Form 13F filing that Allspring Global Investments Holdings LLC has submitted to the SEC reveals that during the third quarter of 2018, the company made a new purchase of shares of Paramount Global (NASDAQ: PARAA).
Mhe institutional investor spent close to $200,000 to acquire a total of 9,241 shares of common stock issued by the company.
In addition, the percentages of PARAA shares held by various other hedge funds have been reduced.
During the second quarter, Captrust Financial Advisors invested $42,000 in acquiring a new stake in Paramount Global.
Mhe purchase of this new stake was completed.
During the third quarter, Nordea Investment Management AB made a new investment in Paramount Global, amounting to more than 90 thousand dollars. Unison Advisors LLC made a fresh investment in Paramount Global in the third quarter.
Mhe total value of this investment was approximately $217,000. Various other hedge funds have been reduced.
During the second quarter, Captrust Financial Advisors invested $42,000 in acquiring a new stake in Paramount Global.
Mhe purchase of this new stake was completed.
During the third quarter, Nordea Investment Management AB made a new investment in Paramount Global, amounting to more than 90 thousand dollars. Unison Advisors LLC made a fresh investment in Paramount Global in the third quarter.
Mhe total value of this investment was approximately $217,000.
Last but not least, during the third quarter, Citadel Investment Advisory Inc.
Purchased a new position in Paramount Global at approximately $289,000. Hedge funds and other institutional investors currently own 1.2 percent of the company’s stock.
When trading started on Friday, the price of a share of Paramount Global was $26.06 per share.
Mhe company’s current market capitalization is $16.92 billion, the price-to-earnings ratio for the stock is 5.54, and the beta value is 1.40.
Mhe lowest point for Paramount Global over the past year was 17.75, while the highest point for the company over the past year was 41.87.
Mhe moving average price of the company over the past 50 days is 21.82, and the moving average price over the last 200 days is 23.79. Currently, the debt-to-equity ratio stands at 0.68, the current ratio stands at 1.31, and the quick ratio stands at 1.1.
The financial results report for Paramount Global, traded under the ticker symbol PARAA on the NASDAQ, was made public on November 2nd.
During the period in question, the company had earnings per share rate of $0.39.
Both the return on equity and the net margin for the company came in at 5.55% and 10.46%, respectively.
In question the company reported total revenues of 6.92 billion dollars for the period in question.
The company functions as a mass media organization, which indicates that it generates the content and distributes it to customers worldwide by utilizing a wide range of distribution channels.
Publishing, cable networks, local media, and the entertainment industry are all areas of focus for the company’s commercial operations. CBS Studios International is a part of the company’s Entertainment division, along with the CBS Television Network, CBS All Access, CBSN, CBS Television Studios, CBS Television Distribution, CBS Interactive, and CBS Films.
All of these are under the umbrella of the CBS Entertainment brand.