Kornitzer Capital Management Inc. KS Purchases Shares of 1,168,212 Lionsgate Studios Corp. $LION

Kornitzer Capital Management Inc. KS purchased a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) during the second quarter, Holdings Channel reports. The firm purchased 1,168,212 shares of the company’s stock, valued at approximately $6,787,000.

A number of other large investors have also added to or reduced their stakes in the company. Anson Funds Management LP raised its position in Lionsgate Studios by 11.9% during the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company’s stock valued at $26,433,000 after purchasing an additional 375,409 shares in the last quarter. Millennium Management LLC raised its position in Lionsgate Studios by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock valued at $14,877,000 after purchasing an additional 837,774 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Lionsgate Studios by 198.5% during the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company’s stock valued at $3,099,000 after purchasing an additional 275,839 shares in the last quarter. Credit Industriel ET Commercial raised its position in Lionsgate Studios by 357.5% during the second quarter. Credit Industriel ET Commercial now owns 228,766 shares of the company’s stock valued at $1,329,000 after purchasing an additional 178,766 shares in the last quarter. Finally, Alpine Global Management LLC raised its position in Lionsgate Studios by 570.9% during the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company’s stock valued at $1,656,000 after purchasing an additional 188,700 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LION shares. Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Saturday. Wall Street Zen downgraded Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Sunday, August 10th. Benchmark started coverage on Lionsgate Studios in a report on Monday, July 28th. They issued a “buy” rating and a $8.50 price objective on the stock. Finally, Baird R W upgraded Lionsgate Studios to a “strong-buy” rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.75.

Lionsgate Studios Stock Performance

Shares of LION stock opened at $6.49 on Friday. The firm has a market cap of $1.88 billion, a P/E ratio of -9.69 and a beta of -0.09. Lionsgate Studios Corp. has a fifty-two week low of $5.55 and a fifty-two week high of $8.50. The business’s 50 day moving average price is $6.51 and its 200-day moving average price is $6.72.

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 analysts’ consensus estimates of ($0.16) by ($0.18). As a group, equities analysts predict that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

Lionsgate Studios Company 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.