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UK firm Legal & General cuts stake in Paramount Global by nearly 27% amid lower earnings.
UK investment firm Legal & General Group Plc has reduced its stake in Paramount Global by 26.6%, now holding $13.77 million worth of shares.
Paramount Global, a media and entertainment company, recently reported lower-than-expected earnings and revenue.
The stock has a "Hold" rating and a target price of $11.92, with analysts expecting an EPS of 1.77 for the year.
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La firma británica Legal & General recorta su participación en Paramount Global en casi un 27% en medio de ganancias más bajas.