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2023-03-11 01:21
Advent Capital Management DE purchased a new stake in shares of Paramount Global (NASDAQ:PARAP – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,387 shares of the company's stock, valued at approximately $261,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp bought a new position in Paramount Global in the 3rd quarter valued at $4,825,000. Laffer Tengler Investments bought a new position in Paramount Global in the 3rd quarter valued at $662,000. Kempner Capital Management Inc. bought a new position in Paramount Global in the 3rd quarter valued at $875,000. Gamco Investors INC. ET AL bought a new position in Paramount Global in the 3rd quarter valued at $230,000. Finally, Twelve Points Wealth Management LLC bought a new position in Paramount Global in the 3rd quarter valued at $450,000.
Get Paramount Global alerts:Paramount Global stock traded down $0.86 during mid-day trading on Friday, hitting $29.45. The company's stock had a trading volume of 35,671 shares, compared to its average volume of 42,623. Paramount Global has a one year low of $24.12 and a one year high of $57.48. The company has a 50 day moving average of $30.83 and a 200-day moving average of $31.11.
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Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Showtime, BET, Nickelodeon, MTV, Comedy Central, Paramount Network, Smithsonian Channel, and CBS Sports Network.
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