477,400 Shares in Lionsgate Studios Corp. $LION Acquired by CastleKnight Management LP

CastleKnight Management LP bought a new position in Lionsgate Studios Corp. (NYSE:LION) during the 4th quarter, HoldingsChannel.com reports. The fund bought 477,400 shares of the company’s stock, valued at approximately $4,359,000.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Lionsgate Studios in the fourth quarter worth $44,000. Osaic Holdings Inc. lifted its stake in shares of Lionsgate Studios by 4,852.0% in the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after buying an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Lionsgate Studios in the third quarter worth $38,000. Finally, Farther Finance Advisors LLC raised its stake in Lionsgate Studios by 4,457.3% during the 4th quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after purchasing an additional 5,839 shares during the last quarter.

Trending Headlines about Lionsgate Studios

Here are the key news stories impacting Lionsgate Studios this week:

• Positive Sentiment: Robert W. Baird raised its price target on Lionsgate Studios to $20 from $18 and kept an outperform rating, signaling continued analyst confidence in upside from current levels. Benzinga
• Positive Sentiment: Shares surged on takeover chatter after reports suggested Netflix was considering a bid, and the stock also hit a new 52-week high as investors rushed into the name. Benzinga
• Neutral Sentiment: The move also triggered unusually heavy call-option buying, showing strong speculative interest but not a fundamental change in the business outlook.
• Negative Sentiment: Netflix publicly denied acquisition interest, removing the main catalyst behind the recent rally and prompting a pullback in Lionsgate Studios shares. MSN

Lionsgate Studios Stock Performance

LION opened at $15.21 on Thursday. The firm’s 50-day simple moving average is $12.76 and its 200-day simple moving average is $10.31. Lionsgate Studios Corp. has a twelve month low of $5.55 and a twelve month high of $16.70. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of -21.12 and a beta of 0.69.

Wall Street Analyst Weigh In

LION has been the subject of several research analyst reports. Barrington Research upped their target price on shares of Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Morgan Stanley upped their target price on shares of Lionsgate Studios from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen cut shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Seaport Research Partners reiterated a “buy” rating and set a $16.00 target price on shares of Lionsgate Studios in a research note on Friday, May 22nd. Finally, Robert W. Baird upped their target price on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.37.

About Lionsgate Studios

Lionsgate Studios, operating under the ticker NYSE:LION, is a leading global entertainment company specializing in the production, acquisition and distribution of motion pictures, television programming and digital content. Headquartered in Santa Monica, California, and with additional operations in Vancouver, the company develops, finances and markets feature films that span a wide range of genres—from major franchise hits like The Hunger Games and John Wick to independent and specialty titles.