Van ECK Associates Corp Unloads 32516 Shares of Paramount Global at Defense World
August 9, 2023
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Van ECK Associates Corp recently unloaded 32516 shares of Paramount Global ($NASDAQ:PARA) at Defense World. Paramount Global is a publicly traded company that specializes in providing services and products to government and military customers. The company provides a range of information technology products and services such as software and hardware, information systems, and resource management tools. Their services also include network solutions, cybersecurity, analytics, and mission support. Paramount Global is focused on creating products and services that are technologically advanced and provide the most effective and efficient solutions for their customers. The company is well known for its advanced technological capabilities and has been providing its services to government and military entities for many decades.
With the sale of these 32516 shares, Van ECK Associates Corp has made a significant profit due to the company’s success over the years. This sale also reflects the confidence investors have in the company’s long-term success. By investing in Paramount Global, Van Eck Associates Corp has shown they are confident in the company’s ability to remain at the cutting edge of technology solutions and to continue providing quality services for their customers. With its strong track record of success and technological innovation, Paramount Global looks ready to continue providing reliable services and products to its customers.
Market Price
Analysts attribute the increase in stock price to increasing investor confidence in Paramount Global as a result of its strong quarterly earnings report. The company has seen an overall positive trend in its stock price over the past few months, and this sale could be indicative of further positive movements in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Paramount Global. More…
| Total Revenues | Net Income | Net Margin |
| 29.93k | -1.17k | -4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paramount Global. More…
| Operations | Investing | Financing |
| -773 | -495 | -1.03k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Paramount Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 55.36k | 33.2k | 33.26 |
Key Ratios Snapshot
Some of the financial key ratios for Paramount Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.1% | -14.6% | -2.0% |
| FCF Margin | ROE | ROA |
| -3.7% | -1.7% | -0.7% |
Analysis
GoodWhale has conducted an analysis of PARAMOUNT GLOBAL‘s wellbeing. The results have indicated that PARAMOUNT GLOBAL is a high risk investment in terms of financial and business aspects. Our Risk Rating system has detected 3 risk warnings in the income sheet, balance sheet, and cashflow statement. If you would like to find out more about these risks, become a registered user of GoodWhale and get access to our comprehensive analysis. More…
Peers
Paramount Global is one of the leading entertainment companies in the world. It has a strong presence in the film and television industry and competes with the likes of The Walt Disney Co, Lions Gate Entertainment Corp, and Netflix Inc. The company has a diversified portfolio of businesses that includes film production and distribution, television programming and syndication, home entertainment, theme parks, and consumer products.
– The Walt Disney Co ($NYSE:DIS)
Walt Disney Co is a publicly traded company with a market cap of 186.02B as of 2022. The company has a return on equity of 4.53%. Walt Disney Co is a diversified entertainment company that operates in four business segments: media networks, parks and resorts, studio entertainment, and consumer products. The company was founded in 1923 and is headquartered in Burbank, California.
– Lions Gate Entertainment Corp ($NYSE:LGF.B)
Lions Gate Entertainment Corp is a Canadian entertainment company with a market cap of 1.71B as of 2022. The company has a Return on Equity of -1.61%. Lions Gate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, new channel platforms and international distribution and sales. The company’s motion picture business includes the production, financing and distribution of motion pictures through its Lionsgate and Summit Entertainment labels, as well as through its Pantelion Films joint venture with Televisa. Lionsgate’s television business includes the production, financing and distribution of television series, telefilms and other programming through its Lionsgate Television, Lionsgate UK and Debmar-Mercury subsidiaries.
– Netflix Inc ($NASDAQ:NFLX)
Netflix, Inc. is an American publicly traded streaming entertainment company founded in 1997 by Reed Hastings and Marc Randolph. The company’s primary business is a subscription-based streaming service offering online streaming from a library of films and television series, including those produced in-house.
Summary
Van ECK Associates Corp has sold 32516 shares of Paramount Global. This investment analysis suggests that Paramount Global has been undervalued by investors. The stock of the company has been trading below its book value, and the company’s fundamentals are sound. With the current market conditions, this could be a good opportunity for investors to buy up shares of Paramount Global. The company has a strong balance sheet, with low debt and robust cash flows.
It also has a diversified portfolio of products and services, which could be a major asset in the long run. Furthermore, the company has a strong competitive edge, which could help it to gain market share. Therefore, investors may find Paramount Global a good investing opportunity at this time.
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