Lionsgate Studios Sees Unusually Large Options Volume (NYSE:LION)

Lionsgate Studios Corp. (NYSE:LION) saw some unusual options trading on Tuesday. Stock investors purchased 15,074 put options on the stock. This represents an increase of approximately 191% compared to the typical daily volume of 5,187 put options.

Institutional Investors Weigh In On Lionsgate Studios

Several hedge funds have recently added to or reduced their stakes in LION. Osaic Holdings Inc. grew its holdings in Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after acquiring an additional 4,852 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after purchasing an additional 1,773 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of Lionsgate Studios in the third quarter worth $38,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lionsgate Studios in the fourth quarter worth $44,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Lionsgate Studios in the fourth quarter valued at $55,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barrington Research raised their price objective on Lionsgate Studios from $14.50 to $17.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Citigroup cut shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and increased their target price for the stock from $11.00 to $12.60 in a report on Monday, April 20th. Robert W. Baird lifted their price target on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Seaport Research Partners reissued a “buy” rating and issued a $16.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Finally, Wall Street Zen downgraded shares of Lionsgate Studios from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.37.

Lionsgate Studios Stock Performance

Lionsgate Studios stock remained flat at $15.21 during trading hours on Tuesday. The company’s stock had a trading volume of 353,844 shares, compared to its average volume of 3,167,039. The company has a market capitalization of $4.42 billion, a PE ratio of -21.12 and a beta of 0.69. Lionsgate Studios has a 1 year low of $5.55 and a 1 year high of $16.70. The business has a 50 day moving average of $13.06 and a 200 day moving average of $10.47.

Lionsgate Studios Company Profile

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.