Jupiter Topco LLC Purchases Shares of 349,743 Lionsgate Studios Corp. $LION

Jupiter Topco LLC purchased a new stake in shares of Lionsgate Studios Corp. (NYSE:LION) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 349,743 shares of the company’s stock, valued at approximately $5,356,000.

Other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund raised its stake in Lionsgate Studios by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 53,587 shares of the company’s stock valued at $489,000 after purchasing an additional 1,200 shares in the last quarter. Cresset Asset Management LLC increased its holdings in shares of Lionsgate Studios by 2.9% in the 3rd quarter. Cresset Asset Management LLC now owns 60,924 shares of the company’s stock worth $420,000 after buying an additional 1,743 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Lionsgate Studios by 10.0% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,925 shares of the company’s stock valued at $191,000 after buying an additional 1,900 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Lionsgate Studios by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 37,454 shares of the company’s stock worth $342,000 after acquiring an additional 2,410 shares during the last quarter. Finally, CWM LLC grew its position in Lionsgate Studios by 51.6% in the fourth quarter. CWM LLC now owns 9,291 shares of the company’s stock worth $85,000 after acquiring an additional 3,161 shares in the last quarter.

Lionsgate Studios Stock Performance

LION opened at $11.34 on Tuesday. Lionsgate Studios Corp. has a 52-week low of $5.88 and a 52-week high of $16.70. The stock has a market capitalization of $3.37 billion, a PE ratio of -27.00 and a beta of 0.73. The stock’s 50 day moving average price is $13.21 and its 200-day moving average price is $12.01.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The business had revenue of $776.60 million during the quarter, compared to analysts’ expectations of $703.10 million. Research analysts forecast that Lionsgate Studios Corp. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LION shares. Morgan Stanley restated an “overweight” rating and set a $15.00 price target on shares of Lionsgate Studios in a research report on Thursday, August 6th. Seaport Research Partners restated a “buy” rating and issued a $17.00 target price on shares of Lionsgate Studios in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Friday, July 17th. B. Riley Financial lowered their price objective on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lionsgate Studios has a consensus rating of “Moderate Buy” and a consensus price target of $15.57.

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.