Investors Research Corp Makes New $47,000 Investment in Lionsgate Studios Corp. $LION

Investors Research Corp bought a new position in Lionsgate Studios Corp. (NYSE:LION) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,093 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nexpoint Asset Management L.P. boosted its holdings in shares of Lionsgate Studios by 11.8% in the first quarter. Nexpoint Asset Management L.P. now owns 88,370 shares of the company’s stock worth $660,000 after buying an additional 9,300 shares during the period. Trexquant Investment LP acquired a new position in shares of Lionsgate Studios in the first quarter worth about $81,000. EntryPoint Capital LLC boosted its holdings in shares of Lionsgate Studios by 60.9% in the first quarter. EntryPoint Capital LLC now owns 36,754 shares of the company’s stock worth $275,000 after buying an additional 13,910 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in shares of Lionsgate Studios by 32.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 80,000 shares of the company’s stock worth $598,000 after buying an additional 19,740 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Lionsgate Studios in the first quarter worth about $825,000.

Insiders Place Their Bets

In other Lionsgate Studios news, major shareholder Liberty 77 Capital L.P. acquired 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average price of $5.63 per share, with a total value of $2,815,000.00. Following the completion of the transaction, the insider owned 37,476,036 shares in the company, valued at $210,990,082.68. The trade was a 1.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 1,559,489 shares of company stock worth $8,950,186 over the last 90 days. 9.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LION has been the subject of a number of research analyst reports. TD Cowen initiated coverage on shares of Lionsgate Studios in a research report on Tuesday, June 3rd. They issued a “hold” rating and a $8.00 price target for the company. Wolfe Research initiated coverage on shares of Lionsgate Studios in a research report on Tuesday, July 29th. They issued a “peer perform” rating for the company. Morgan Stanley reduced their price target on shares of Lionsgate Studios from $8.50 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, May 27th. Rosenblatt Securities reduced their price target on shares of Lionsgate Studios from $13.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, June 4th. Finally, Loop Capital initiated coverage on shares of Lionsgate Studios in a research report on Wednesday, June 4th. They issued a “hold” rating and a $8.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Lionsgate Studios currently has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Lionsgate Studios Stock Performance

Shares of LION opened at $7.36 on Monday. The firm has a market cap of $2.13 billion, a PE ratio of -10.99 and a beta of -0.21. The firm’s 50 day moving average price is $6.33 and its 200 day moving average price is $7.22. Lionsgate Studios Corp. has a twelve month low of $5.55 and a twelve month high of $8.50.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.18). On average, sell-side analysts anticipate that Lionsgate Studios Corp. will post 0.08 earnings per share for the current fiscal year.

Lionsgate Studios Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.