UBS Group AG Reduces Position in Lionsgate Studios Corp. $LION

UBS Group AG lessened its stake in shares of Lionsgate Studios Corp. (NYSE:LION) by 45.0% during the 4th quarter, Holdings Channel reports. The firm owned 226,133 shares of the company’s stock after selling 185,274 shares during the quarter. UBS Group AG’s holdings in Lionsgate Studios were worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Lionsgate Studios by 99.3% during the 4th 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 last quarter. Osaic Holdings Inc. lifted its stake in Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in Lionsgate Studios during the 3rd quarter valued at approximately $38,000. Farther Finance Advisors LLC lifted 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 acquiring an additional 5,839 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Lionsgate Studios during the 4th quarter valued at approximately $55,000.

Lionsgate Studios Stock Up 1.7%

Shares of LION stock opened at $14.24 on Friday. The stock has a market cap of $4.13 billion, a PE ratio of -19.78 and a beta of 0.56. The business has a 50-day simple moving average of $11.48 and a 200-day simple moving average of $9.60. Lionsgate Studios Corp. has a 52-week low of $5.55 and a 52-week high of $15.01.

Analyst Upgrades and Downgrades

LION has been the subject of several research reports. Robert W. Baird lifted their price objective on shares of Lionsgate Studios from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Morgan Stanley lifted their price objective 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. Raymond James Financial restated an “outperform” rating and set a $15.00 price objective on shares of Lionsgate Studios in a research note on Friday, May 22nd. Wall Street Zen upgraded shares of Lionsgate Studios from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Seaport Research Partners reissued a “buy” rating and issued a $16.00 price objective on shares of Lionsgate Studios in a report on Friday, May 22nd. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.66.

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.