Fox Run Management L.L.C. Makes New Investment in Lionsgate Studios Corp. $LION

Fox Run Management L.L.C. purchased a new stake in Lionsgate Studios Corp. (NYSE:LION) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,235 shares of the company’s stock, valued at approximately $94,000.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. acquired a new position in shares of Lionsgate Studios during the 2nd quarter valued at $25,000. JTC Employer Solutions Trustee Ltd bought a new stake in Lionsgate Studios in the second quarter valued at $26,000. FNY Investment Advisers LLC acquired a new position in shares of Lionsgate Studios during the second quarter valued at about $31,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Lionsgate Studios during the 2nd quarter worth about $36,000. Finally, Amalgamated Bank acquired a new stake in shares of Lionsgate Studios in the 2nd quarter valued at about $38,000.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LION. Wolfe Research assumed coverage on Lionsgate Studios in a report on Tuesday, July 29th. They issued a “peer perform” rating on the stock. Robert W. Baird began coverage on Lionsgate Studios in a report on Friday, September 5th. They issued an “outperform” rating and a $8.00 target price on the stock. Baird R W upgraded shares of Lionsgate Studios to a “strong-buy” rating in a research note on Friday, September 5th. Benchmark started coverage on shares of Lionsgate Studios in a research note on Monday, July 28th. They issued a “buy” rating and a $8.50 price objective on the stock. Finally, Zacks Research raised shares of Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.73.

Lionsgate Studios Price Performance

LION opened at $6.66 on Friday. Lionsgate Studios Corp. has a 1 year low of $5.55 and a 1 year high of $8.50. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -9.94 and a beta of -0.12. The firm’s fifty day moving average price is $6.61 and its two-hundred day moving average price is $6.57.

Lionsgate Studios (NYSE:LION) last announced its earnings results on Thursday, November 6th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). As a group, equities analysts anticipate 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.