Van ECK Associates Corp purchased a new position in Paramount Global (NASDAQ:PARAP – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 156,156 shares of the company's stock, valued at approximately $4,825,000.
A number of other hedge funds also recently modified their holdings of PARAP. Kempner Capital Management Inc. bought a new position in Paramount Global in the third quarter valued at about $875,000. Institute for Wealth Management LLC. bought a new position in Paramount Global in the third quarter valued at about $850,000. Cambridge Investment Research Advisors Inc. bought a new position in Paramount Global in the third quarter valued at about $786,000. Raymond James Financial Services Advisors Inc. bought a new position in Paramount Global in the third quarter valued at about $785,000. Finally, Twelve Points Wealth Management LLC bought a new position in Paramount Global in the third quarter valued at about $450,000.
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Shares of PARAP stock opened at $28.90 on Thursday. The business's 50-day moving average price is $28.04 and its 200-day moving average price is $33.43. Paramount Global has a 12 month low of $24.12 and a 12 month high of $62.35.
About Paramount Global
(Get Rating)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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